Worldcoin (WLD) Price Breaks Key Resistance and Could Be on Track to Reclaim March Top – Here’s the Outlook

2024-12-1 13:00

Worldcoin (WLD) prices have been turning heads lately. The crypto project, which focuses on proving people are real humans online, is seeing some big moves in the market right now. With a 23.18% surge in its weekly performance, WLD is attracting market participants following its breakout from a key resistance zone. Crypto analyst ANUBIS GT3RS highlighted the importance of this development, suggesting that WLD’s price may be on track to reclaim its March highs.

Key Resistance Breakout Signals Bullish Momentum

The weekly chart of WLD/USDT reveals a decisive breakout above the resistance level at $2.75–$2.77. This zone previously acted as a barrier, limiting upward price movement. WLD just broke past $3.598, showing that more buyers are stepping in. This could be the start of a bigger upward move if it stays above this price.

Support levels at $2.57 and $2.35 remain critical for WLD’s price stability. These levels have provided historical price rebounds and may act as safety nets in case of market pullbacks.

Image Source: X/ANUBIS GT3RS Momentum Indicators Show Overbought Conditions

The RSI (Relative Strength Index) on the weekly timeframe currently stands at 69.45, edging close to overbought territory. The price is moving up strongly right now, but it might need to cool off a bit since it’s gone up so fast.

Looking at the longer-term picture, WLD is now trading higher than its Moving average prices, such as the 50-week or 200-week. When we’ve seen this pattern before, it often means the downward trend is switching to an upward one.

Read Also: How Will Ethereum Mirror XRP’s Price Pump: Analyst Insights

Potential Targets and March Highs in Focus

Market observers are eyeing potential price targets at $4 and $5 as intermediate levels. Beyond these, March highs in the $6–$8 range represent the ultimate goal for bulls. The size of the weekly candlestick further supports the idea of sustained buying pressure, suggesting that market participants remain optimistic about WLD’s trajectory.

In a tweet, ANUBIS GT3RS described WLD’s price recent movement as a perfect example of how breakouts and corrections operate. Highlighting the educational aspect, the analyst pointed to the importance of observing key resistance and support levels for trading decisions. The analyst also reiterated that this is not financial advice but an analysis meant for educational purposes.

As the cryptocurrency market continues to evolve, WLD remains a key token to watch. Whether it will reclaim its March top depends on market dynamics and sustained momentum above key levels.

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The post Worldcoin (WLD) Price Breaks Key Resistance and Could Be on Track to Reclaim March Top – Here’s the Outlook appeared first on CaptainAltcoin.

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Источник: captainaltcoin.com

wld market → Результатов: 54


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