WLD Price Prediction 2022: Will the AI Token Bounce Back and Hit $3 This Week?

With an intraday growth of 2.19%, the WLD price teases a bounce back. The AI token forms a morning in the daily chart. An uptrend continuation could pump the WLD price to $3 this week.

The price of WLD increased by 2.19% during the day, suggesting a possible recovery.

On the daily chart, an uptrend continuation could drive the WLD price to $3 this week.

The Worldcoin price is showing signs of recovery, as evidenced by the morning on the daily chart and the intraday growth of 2.19%.

After experiencing strong selling pressure earlier this week, the cryptocurrency market is now seeing a slight recovery. However, the leading digital asset, Bitcoin, continues to trade below the crucial level of $60000. This price action could put pressure on altcoins and limit their upside potential.

Despite the bearish backdrop, some altcoins are still managing to defy the selling influence and show resilience. One such asset is Worldcoin, which has managed to stabilize above the 2.13% price level and is now showing a 4% gain to challenge overhead resistances. Let’s take a closer look at the WLD price prediction to see if it can reach $3 this month.

Worldcoin Price Performance

The daily chart shows a clear downtrend for Worldcoin, as indicated by the downsloping trendline. This bearish price action began in June and saw the asset drop from a high of $5.13 to a low of $2.14, registering a total decline of 58.3%.

During this downtrend, the asset received support at $2.135, as evidenced by the wick formation at this level. This support also coincides with the 200-day EMA, which has acted as a crucial price floor for WLD in the past.

Moreover, the momentum indicators, such as the RSI and MACD, dropped to an oversold region, indicating a potential buildup of buying pressure at lower price levels.

After finding support at $2.135, the WLD price showed a 4% increase in buying pressure, which was sufficient to propel the altcoin to a price of $2.36, while the market cap also increased to $619.9 Million.

If bullish momentum continues to build, we could see the WLD price rise another 4% to challenge the overhead trendline. This dynamic resistance has been in place since June 10th and is likely to encounter strong sell-on- rallies sentiment among market participants.

However, a breakout from this resistance would be the first indication of a trend reversal.

Technical Indicator:

RSI: Rising demand pressure at $2.36 support is highlighted by the higher low formations in the 4-hour RSI slope. This bullish divergence bodes well for a trendline breakout and a new recovery cycle.

EMA: The 50-day EMA is converging closely with the falling trendline to provide additional resistance against the WLD price. The altcoin continues to trade below the daily EMAs (20. 50, 100, and 200), indicating the path of least resistance is down.

Will WLD Price Price Make A Leap To $4?

With a potential breakout from the downsloping trendline, buyers will encounter support to propel the asset to higher ground.

If buying persists, the WLD price could encounter overhead resistance at $2.87, followed by $3.2 and $4.4, presenting opportunities for further price appreciation.

On the other hand, if the cryptocurrency market fails to show strength and experiences selling pressure, the Worlcoin may continue its correction trend until the declining trend is broken.

The above is the detailed content of WLD Price Prediction 2022: Will the AI Token Bounce Back and Hit $3 This Week?. For more information, please follow other related articles on the PHP Chinese website!