Worldcoin (WLD) Anticipates a Rebound as TD Sequential Issues a Buy Signal

Analysts predict a rise above $3, despite a recent 11% decline and overall market recovery.

Worldcoin (WLD) price analysis anticipates a bullish rebound as TD Sequential marks a buy signal. Despite a recent 11% decline and the bearish market trend, analysts predict a rise above $3.

Worldcoin (WLD) price faces a downward trend, but analysis anticipates an imminent rebound above $3.

According to CoinGape, traders lost crucial support at $2.80 as the Wordcoin (WLD) price slid lower last week. Despite the reported 11% decline, crypto analysis suggests that selling pressure may diminish and a WLD price rebound is on the horizon. This downturn coincides with a 30-day price decrease, which marks a 46% decline from the monthly maximum of $5.

Despite the bearish momentum influencing the price between an intra-day high and low of $2.77 and $2.58 over the past 24 hours, analysis anticipates a rebound. On Saturday, Ali Charts, a crypto analyst, predicted that WLD would cross the $3 resistance.

Examining the WLD 3-day price chart, he anticipated a bullish reversal of one to four candlesticks as the TD Sequential on the chart displayed a buy signal.

This recovery aligns with the overall crypto market, which showcases a 0.65% increase in market capitalization to $2.25T, despite the bearish week. At press time, Worldcoin price remained bearish, trading at $2.59 with a 3.76% decrease from the 9ntra-day high.

In conjunction with this bear rally, WLD's market capitalization and 24-hour trading volume both decreased. They declined by 3.21% and 28.13%, respectively, reaching $664,032,803 and $105,990,928.

This decrease in market capitalization and trading volume suggests a reduction in investor interest during the price decline.

Worldcoin partners with Alchemy to enhance World Chain, aiming to boost investor confidence and WLD price.

Worldcoin's recent partnership with Alchemy to introduce the World Chain is expected to have a significant impact on its market trend. The collaboration aims to integrate advanced blockchain technology to enhance the World Chain's capabilities and throughput.

As Worldcoin launches its World ID orb verifications in Europe, Alchemy's support is anticipated to amplify Worldcoin's services, ultimately boosting investor confidence and positively influencing the WLD price.

Moreover, considering the implications of the advancement in AI technology, specifically Nvidia's market ascent, it highlights the demand for high-end processors and AI tools to facilitate blockchain and cryptocurrency systems. Nvidia's market capitalization, which the AI industry has bolstered, stands at $3.335 trillion, indicating a favorable outlook among tech companies. This optimism may extend to crypto, potentially impacting coins like Worldcoin.

Technical indicators on the WLDUSD price chart suggest that the bears are in control.

The Moving Average Convergence Divergence (MACD) motion in the negative region indicates that if bulls fail to intervene, the bear pressure will grow. However, the histogram remaining in the positive territory may reduce the bear influence.

Furthermore, the Relative Strength Index (RSI) rating of 24.59 indicates that the market is oversold. This trend suggests a bullish recovery, as the oversold position sets the stage for heightened purchasing pressure as traders capitalize on the decline.

The above is the detailed content of Worldcoin (WLD) Anticipates a Rebound as TD Sequential Issues a Buy Signal. For more information, please follow other related articles on the PHP Chinese website!