Worldcoin (WLD) Price Prediction 2023-2024: Will WLD Keep Rising?

Worldcoin (WLD) surged over 8% in the early hours of European trading after heightened investor confidence helped the coin gain momentum. At the press time, WLD is trading at $2.34, up over 8.27% as compared to the same time last day.

Worldcoin (WLD) price showed a promising surge of over 8% during the early hours of European trading on July 25. This promising performance was driven by heightened investor confidence, which helped the coin gain momentum in the market. At the time of writing, WLD was trading at $2.34, reflecting an increase of over 8.27% compared to the same time the previous day.

This price increase coincided with a significant development from the Worldcoin team. On July 24, the WLD community witnessed the commencement of the main token unlock. The Tools for Humanity (TFH) team was tasked with organizing this event, which aimed to distribute the majority of WLD tokens to individuals who held legitimate World IDs.

As per the official announcement, the team members would receive these coins in recognition of being "special humans." The team further disclosed that around six million unique people interacted with the Worldcoin network through this method. The team had initiated the unlocking event, which would continue linearly each day.

Market participants' present expectations indicate that the price of Worldcoin is anticipated to increase by 228.37%, reaching $7.63 within the upcoming month. However, other technical indicators suggest that the current mood for the coin is bearish, and the Fear & Greed Index is reading 68 (Greed) at the moment.

If the coin continues trading on bullish cues, it might maintain its upward trajectory. But if the bearish signals continue, the coin might experience a decline in the future. With the overall crypto market adopting a cautious stance, investors will be keeping a close watch on the token's performance.

Over the last 30 days, Worldcoin had 13/30 (43%) green days and 15.85% price volatility. Data also indicates that there is an overall bearish sentiment for Worldcoin price prediction, with 23 technical analysis indicators presenting bearish signals and 1 technical analysis indicator showing bullish signals.

By August 25, 2024, Worldcoin's 200-day Simple Moving Average (SMA) is set to increase and reach $4.90. During the same period, Worldcoin's short-term 50-day SMA is anticipated to hit $3.81.

The Relative Strength Index (RSI) is a momentum oscillator that gauges whether a cryptocurrency is overbought (above 70) or oversold (below 30) over a specific period. The RSI reading for WLD at the moment is 43.03, indicating a neutral market condition.

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