Worldcoin (WLD) Price Prediction: WLD Bulls Gear Up for a 30% Rally in July, Intending to Secure Levels Close to $5

While Bitcoin and Ethereum fail to defend their support, Worldcoin is trying to ease the selling pressure as the bulls retain some dominance.

Cryptocurrency prices have been battered in recent months amid a broader sell-off in risk assets. Bitcoin and Ethereum, the world's largest and second-largest cryptocurrencies by market capitalization, have both lost more than half their value since hitting record highs in November.

However, some altcoins, such as Worldcoin (WLD), have managed to buck the trend and post strong gains. WLD price has soared more than 30% in the past 24 hours, outperforming both BTC and ETH.

So, what’s driving the rally in WLD price and what can we expect from the token in the coming months? Let’s take a closer look at the technicals to find out.

Worldcoin (WLD) price bottom out, preparing for a huge bullish move

WLD price bottomed out after a massive 80% drop from the highs. The token encountered a double-bottom at a crucial support level, which halted the bearish further and triggered a strong bullish move. The recent price action on the 4-hour chart showcases a clear ascending triangle formation.

Breaking out of this triangle could lead to a strong move, with a potential target of $5. This aligns with the Fibonacci extension levels, indicating a potential 38.2% rally from the recent lows.

Moreover, the 200-day EMA is also converging with this price zone, suggesting a confluence of technical factors that could bolster the bullish outlook for WLD price in the coming weeks.

Worldcoin (WLD) price to rally over 30% in July, paving the way for another 50% jump by Q3 2024

Worldcoin (WLD) price has bottomed out after a massive 80% drop from the highs, which were encountered after Sora announcement by Open AI in early March. The token encountered a crucial support level, which halted the bearish further and triggered a strong bullish move.

The recent price action on the 4-hour chart showcases a clear ascending triangle formation, and breaking out of this triangle could lead to a strong move, with a potential target of $5. This aligns with the Fibonacci extension levels, indicating a potential 38.2% rally from the recent lows.

Moreover, the 200-day EMA is also converging with this price zone, suggesting a confluence of technical factors that could bolster the bullish outlook for WLD price in the coming months.

Worldcoin (WLD) price set to replicate a similar move that it demonstrated during the first quarter, intending to secure levels close to $5 in July

Worldcoin (WLD) price has bottomed out after a massive 80% drop from the highs, which were encountered after Sora announcement by Open AI in early March. The token encountered a crucial support level, which halted the bearish further and triggered a strong bullish move.

The recent price action on the 4-hour chart showcases a clear ascending triangle formation, and breaking out of this triangle could lead to a strong move, with a potential target of $5. This aligns with the Fibonacci extension levels, indicating a potential 38.2% rally from the recent lows.

Moreover, the 200-day EMA is also converging with this price zone, suggesting a confluence of technical factors that could bolster the bullish outlook for WLD price in the coming months.

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