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":"\n
Worldcoin To Breakout? Analyst Sets Target After 4-Month High<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n