Worldcoin (WLD) price has increased 19% following Donald Trump’s announcement to invest $500 billion in AI infrastructure. This rally has reignited interest in WLD, pushing it closer to a potential golden cross on its EMAs, a bullish signal for further price increases.
If momentum continues, WLD could test key resistance levels at $2.41 and $2.83, with the possibility of breaking above the $3.16 mark, a milestone not seen since December 2019. 2024. However, caution remains as indicators such as BBTrend and Smart Money suggest the rally may have a challenge maintaining its strength.
Smart Money holdings of WLD just hit an all-time low
The number of smart wallets holding WLD reached an all-time high of 43 on November 14, with total holdings of 183 million WLD. However, this number has gradually decreased, with the current number at an all-time low of 26.
Notably, Multicoin Capital alone holds approximately 94 million WLD, representing significant concentration among a smaller number of wallets. The decline in the number of smart wallets indicates a change in distribution dynamics and potential changes in market behavior related to WLD.
Tracking smart money is important, as it often falls to institutional investors or high net worth individuals who can significantly influence market trends.
The current all-time low in smart wallet holdings, despite the rising Worldcoin price, could indicate a decline in confidence among large holders or a reallocation of capital into inter-linked currencies. related to other AI such as VIRTUAL, TAO and RENDER and other ecosystems such as Solana.
WLD’s BBTrend shows positive momentum
Worldcoin’s BBTrend is currently 1.8, marking the highest level in the past three days. BBTrend, an indicator based on Bollinger Bands, measures trend strength and direction. A rising BBTrend shows increasing momentum, while higher values typically indicate a stronger uptrend.
Although WLD’s BBTrend is rising, it is still significantly below last week’s peak of 6.5, reflecting bearish momentum from the previous bull run.
The current BBTrend at 1.8 signals a positive but modest trend for Worldcoin. While price action shows some recovery, the relatively low BBTrend level compared to last week emphasizes that bullish momentum has not fully returned.
This could indicate a cautious market, with WLD needing to gain stronger upward momentum to return to previous highs or maintain a strong uptrend.
WLD Price Prediction: Can it cross the $3 mark again?
Worldcoin price has increased nearly 19% in the past 24 hours, fueled by excitement surrounding Donald Trump’s $500 billion investment in AI infrastructure, which prominently includes Sam Altman, co-founder of OpenAI and Worldcoin.
This rekindled interest has pushed WLD closer to a potential golden cross on its EMAs, a bullish signal that could push the price to test resistance at $2.41. If this level is broken, WLD could head towards $2.83. With continued hype surrounding AI-related coins, it could even test the $3.16 mark, surpassing $3 for the first time since December 2024.
However, indicators such as Smart Money and BBTrend suggest that the current rally may lack staying power. If momentum weakens, WLD price could decline to test the support levels at $2.11 and $2.01.
A break below these levels could result in a sharp decline to $1.83, signaling a strong reversal despite the recent bullish sentiment.
