{"id":655745,"date":"2024-11-30T12:00:59","date_gmt":"2024-11-30T12:00:59","guid":{"rendered":"https:\/\/wncen.com\/?p=655745"},"modified":"2024-11-29T18:16:40","modified_gmt":"2024-11-29T18:16:40","slug":"worldcoin-wld-about-to-breakout-analyst-sets-next-target-after-4-month-high","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/worldcoin-wld-about-to-breakout-analyst-sets-next-target-after-4-month-high\/","title":{"rendered":"Worldcoin (WLD) About To Breakout? Analyst Sets Next Target After 4-Month High"},"content":{"rendered":"

Worldcoin (WLD) has seen a nearly 40% surge in the last week, briefly testing the $3 mark. The cryptocurrency hit a 4-month high after nearing the upper zone of a multi-month range. Its recent performance has fueled investors\u2019 optimism about a possible breakout, which could send the token to new highs.<\/p>\n

Related Reading: Bitcoin Could Drop Below $90,000 If It Doesn\u2019t Break This Level, Rally On Pause?<\/a><\/div>\n

Worldcoin Hits 4-Month High<\/h2>\n

Worldcoin has seen a considerable decline<\/a> since hitting its all-time high (ATH) of $11.74, retracing around 75% from its March high. During the Q3 retraces, the cryptocurrency lost the $3 support, diving below the $2 mark after August\u2019s \u201cBlack Monday.\u201d<\/p>\n

Since then, WLD has hovered between the $1.3-$3.2 price range, consolidating below the $2.5 for the past couple of months. Following the November Post-election rally, Worldcoin has surged around 75% in three weeks, reclaiming the $2 zone.<\/p>\n

Earlier this week, the cryptocurrency\u2019s momentum propelled WLD above the $2.5 resistance level for the first time in three months, turning it into support the following days.<\/p>\n

Moreover, the token surged 23% intraday, hitting its four-month high on November 28 after momentarily trading above the $3 mark.<\/p>\n

Crypto analyst Yuriy suggested<\/a> that a \u201cbig move\u201d is coming for the cryptocurrency. The analyst noted that WLD\u2019s open interest (OI) has significantly surged this month, rising 135% since election day.<\/p>\n

According to Coinglass data<\/a>, Worldcoin\u2019s OI jumped from $184 million to $433 million in three weeks, recording its second-highest day on Wednesday. Additionally, it has seen a 9.65% in the last 24 hours and a 12% jump in the past hour, signaling heightened confidence and participation in the cryptocurrency.<\/p>\n

To Yuriy, the cryptocurrency could follow the steps of Cardano<\/a> (ADA), which recently saw its price hit a 2-year high. Following its OI increase, the token recovered from its 75% decline and broke out of its multi-month consolidation range, reclaiming the long-awaited $1 mark.<\/p>\n

WLD\u2019s Breakout To Target $3.5<\/h2>\n

The analyst explained that, after the recent WLD price action, the $2.8 mark is a crucial support level to confirm, as it served as a significant resistance level earlier this month. As a result, consolidating above this level could propel the token’s price to the next target<\/a>.<\/p>\n

The token is nearing a breakout from the 4-month range, which could target the $3.5 price range in the short term. Analyst AMBcrypto pointed<\/a> out that the $3.5 mark is the next major resistance for Worldcoin, indicating that a breakout from this level \u201cwill push it towards the previous high\u201d of $11.<\/p>\n

Related Reading: Latest Memecoin Sensation CHILLGUY Hits $0.65 ATH, What\u2019s Behind The 80% Rally?<\/a><\/div>\n

As of this writing, Worldcoin trades above $2.9, having surged 31% in the last month. Additionally, the token has seen a 42% increase in daily activity, registering a trading volume of $1.67 billion in the past 24 hours.<\/p>\n

\"Worldcoin,
Worldcoin’s performance in the one-week chart. Source: WLDUSDT on TradingView<\/a><\/figcaption><\/figure>\n
Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Worldcoin (WLD) has seen a nearly 40% surge in the last week, briefly testing the $3 mark. The cryptocurrency hit a 4-month high after nearing the upper zone of a multi-month range. Its recent performance has fueled investors\u2019 optimism about a possible breakout, which could send the token to new highs. Related Reading: Bitcoin Could Drop Below $90,000 If It Doesn\u2019t Break This Level, Rally On Pause? Worldcoin Hits 4-Month High Worldcoin has seen a considerable decline since hitting its all-time high (ATH) of $11.74, retracing around 75% from its March high. During the Q3 retraces, the cryptocurrency lost the $3 support, diving below the $2 mark after August\u2019s \u201cBlack Monday.\u201d Since then, WLD has hovered between the $1.3-$3.2 price range, consolidating below the $2.5 for the past couple of months. Following the November Post-election rally, Worldcoin has surged around 75% in three weeks, reclaiming the $2 zone. Earlier this week, the cryptocurrency\u2019s momentum propelled WLD above the $2.5 resistance level for the first time in three months, turning it into support the following days. Moreover, the token surged 23% intraday, hitting its four-month high on November 28 after momentarily trading above the $3 mark. Crypto analyst Yuriy suggested that a \u201cbig move\u201d is coming for the cryptocurrency. The analyst noted that WLD\u2019s open interest (OI) has significantly surged this month, rising 135% since election day. According to Coinglass data, Worldcoin\u2019s OI jumped from $184 million to $433 million in three weeks, recording its second-highest day on Wednesday. Additionally, it has seen a 9.65% in the last 24 hours and a 12% jump in the past hour, signaling heightened confidence and participation in the cryptocurrency. To Yuriy, the cryptocurrency could follow the steps of Cardano (ADA), which recently saw its price hit a 2-year high. Following its OI increase, the token recovered from its 75% decline and broke out of its multi-month consolidation range, reclaiming the long-awaited $1 mark. WLD\u2019s Breakout To Target $3.5 The analyst explained that, after the recent WLD price action, the $2.8 mark is a crucial support level to confirm, as it served as a significant resistance level earlier this month. As a result, consolidating above this level could propel the token’s price to the next target. The token is nearing a breakout from the 4-month range, which could target the $3.5 price range in the short term. Analyst AMBcrypto pointed out that the $3.5 mark is the next major resistance for Worldcoin, indicating that a breakout from this level \u201cwill push it towards the previous high\u201d of $11. Related Reading: Latest Memecoin Sensation CHILLGUY Hits $0.65 ATH, What\u2019s Behind The 80% Rally? As of this writing, Worldcoin trades above $2.9, having surged 31% in the last month. Additionally, the token has seen a 42% increase in daily activity, registering a trading volume of $1.67 billion in the past 24 hours. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":631812,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[12333,12332,26263,92978,10923,89756,4313,88685,88730,83778,90967],"class_list":["post-655745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ada","tag-cardano","tag-crypto-analyst","tag-crypto-bull-run-2024","tag-crypto-market","tag-crypto-trader","tag-us-elections","tag-wld","tag-wldusdt","tag-worldcoin","tag-worldcoin-bullish-breakout"],"acf":[],"yoast_head":"\nWorldcoin To Breakout? 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In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. 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Her goal as a writer is to create informative, complete, and easily understandable pieces accessible to those entering the crypto space. After learning about cryptocurrencies in 2019, Rubmar became curious about the world of possibilities the industry offered, quickly learning that financial freedom was at the palm of her hand with the developing technology. From a young age, Rubmar was curious about how languages work, finding special interest in wordplay and the peculiarities of dialects. Her curiosity grew as she became an avid reader in her teenage years. She explored freedom and new words through her favorite books, which shaped her view of the world. Rubmar acquired the necessary skills for in-depth research and analytical thinking at university, where she studied Literature and Linguistics. Her studies have given her a sharp perspective on several topics and allowed her to turn every stone in her investigations. In 2019, she first dipped her toes in the crypto industry when a friend introduced her to Bitcoin and cryptocurrencies, but it wasn\u2019t until 2020 that she started to dive into the depth of the industry. As Rubmar began to understand the mechanics of the crypto sphere, she saw a new world yet to be explored. At the beginning of her crypto voyage, she discovered a new system that allowed her to have control over her finances. As a young adult of the 21st century, Rubmar has faced the challenges of the traditional banking system and the restrictions of fiat money. After the failure of her home country\u2019s economy, the limitations of traditional finances became clear. The bureaucratic, outdated structure made her feel hopeless and powerless amid an aggressive and distorted system created by hyperinflation. However, learning about decentralization and self-custody opened a realm of opportunities. Cryptocurrencies allowed her to experience financial control for the first time and expand her financial education. Moreover, the peculiar nature of the crypto community sparked Rubmar\u2019s curiosity about the other layers of the industry. As a result, she found a particular interest in discovering the diverse perspectives of investors, market watchers, experts, and developers. Her attempts to better understand the crypto space made her realize the strong links of the community with other industries, enriching her perspective of the sector. As someone who spends most of her day online, Rubmar enjoys finding the points where the crypto world meets with her other passions and hobbies \u00ad\u2013or her favorite memes. In her free time, she usually finds joy in different art forms. As a child, she enlisted in every extra-curricular activity in her hometown, including music classes, dancing, jewelry making, and the local chorus. Despite her many attempts to learn different instruments, Rubmar only knows how to play the xylophone, which she played for 7 years in her school\u2019s marching band. She also has a passion for learning new languages and cultures, having set the goal to learn another six languages \u00ad\u2013 currently attempting to learn Italian and Korean. Scrapbooking, paper crafting, and bookbinding are her biggest interests outside of work, constantly taking classes and attending workshops to learn new techniques. The rest of her free time is spent stressing over football matches and transfer market news or feeding cats \u2013hers or stray. 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