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The Worldcoin price rose 10% in the last 24 hours to trade at $2.07 as of 00:28 a.m. EST on trading volume that skyrocketed 79% to $761 million.
This comes as its World ID gains wider adoption after launching in Guatemala, Malaysia, and Poland. The launches were made this week, a testament to the growing demand for human verification.
Worldcoin Price On A Bullish Rally
According to GeckoTerminal data, the Worldcoin price has been on a downtrend from the end of August to the beginning of September, from the $1.98 resistance level to the $1.3 support level.
The support allowed the bulls to push the price back to the resistance zone, forming a rounding bottom pattern and a follow-through.
WLD has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), which suggests that the market is entering a stronger uptrend after what appears to be a longer period of downtrend.
The Golden Cross (50 MA crossing above the 200 MA) has occurred around $1.55, which is a strong bullish signal indicating that upward momentum may accelerate.
The spike in volume seen during the recent price rally confirms that this upward move has strong participation. Increased volume in the context of price breaking through key resistance levels strengthens the bullish outlook.
Moreover, the Relative Strength Index seems to be nearing the 70-overbought region, currently at 67, an indication that the asset may be under intense buying pressure.
The Moving Average Convergence Divergence (MACD) is currently above the orange signal line, which could suggest that the upward momentum is still on. A crossover where the MACD line crosses above the signal line would signal a potential continuation of the bullish trend.
Worldcoin Price Prediction
The WLD/USD chart is overall bullish, with price action above both the 50 and 200 moving averages, strong volume, and bullish momentum signaled by the price pattern and indicators.
If this momentum continues, the price may surge above, as the bulls target $2.78.
However, WLD may face a correction as investors anticipate a $74 million unlock event for the WLD token.
Meanwhile, with the RSI nearing overbought territory, a short-term pullback or consolidation could occur before the uptrend continues. In this scenario, the 50-day SMA, at $1.65, acts as the immediate support level.
As the Worldcoin price soars, investors are also pumping cash into a new and upgraded Pepe alternative called Pepe Unchained (PEPU), which YouTube channel 99Bitcoins, with over 706K subscribers, says has the potential to soar 10X after launch.
Pepe Unchained Presale Surges Past $15.3 Million – Best Meme Coin To Buy Now?
Pepe Unchained is a unique meme coin that will launch on its own blockchain. The buying frenzy around the project has seen $1.5 million added to its blockbuster presale in the past week alone, and it’s now raised a staggering $15.3 million.
The OG Pepe coin was originally built on the Ethereum blockchain and has long been confined by its Layer-1 technology, which is characterized by network delays and rising gas fees.
Everything is falling into place exactly as it should be. Feels good, man 🐸🧠 pic.twitter.com/vXwFdmkmA8
— Pepe Unchained (@pepe_unchained) September 25, 2024
The idea behind Pepe Unchained is that the new token will free PEPE from his old, clunky blockchain to embrace the future. The project will thus tackle the scalability, speed, and efficiency issues that plague meme coins built on Layer-1 blockchains like Ethereum.
Token holders can also earn passively through the platform’s staking system, which offers 138% in annual rewards.
You can buy $PEPU tokens currently for $0.00985 each. With a price hike coming in just 1 day, buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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