The Worldcoin price has jumped approximately 20% over the past 24 hours, resulting in it outperforming the top 150 altcoins by market capitalization during this period. With this, the altcoin is back under the radar of top whales and investors.
Reportedly, the prime reason for this price surge was considered to be its recent funding of $135 million by a16z and Bain Capital Crypto. This news created a buzz in the market, resulting in increased optimism for the altcoin. Are you one of many who are monitoring the price action of this crypto project?
In this write-up, we will understand the market sentiments and possible short-term WLD price prediction.
WLD Crypto Records Multi-month High!
Over the 24 hours, the price of Worldcoin token has jumped ~20% with a trading volume of $718.41 million, a jump of 126.37%. This has resulted in it retesting its $1.50 mark for the first time since February 2025. Moreover, with a market cap of $2.31 billion, it has a market dominance of 0.0634%.
The Cross EMA 50-day acts as a strong support to the Worldcoin price chart in the daily time frame. Moreover, the 200-day acts as a strong resistance around the $1.50 mark, highlighting a positive outlook for it in the upcoming time.
The Relative Strength Index (RSI) has successfully retested its neutral point in the daily time frame. This has resulted in it recording a sharp rise toward the overbought range with its average trendline experiencing a bullish convergence. This suggests an increase in the buying-over-selling pressure for the altcoin in the crypto market.
Will Worldcoin Price Increase?
A sustained bullish action could result in the price of Worldcoin token breaching its immediate resistance of $1.50 and head toward its resistance trendline of the channel pattern. Maintaining the value above that level could push altcoin toward its upper price target of $2 this month.
On the contrary, if the cryptocurrency market experiences a strong bearish reversal, the WLD price could retest its low of $1.25. Furthermore, if the bears outrun the bulls, the altcoin price could plunge toward its crucial support trend level of $1 during the coming days.
Also Read: Worldcoin Raises $135M via Token Sale to Expand in US; WLD Price Spikes 13%
