Worldcoin (WLD) has been experiencing a strong uptrend since early September, gaining tremendous momentum in the past 24 hours. The altcoin’s recent rally has lifted the price to a five-month high, with WLD approaching the key psychological level of $4.
This positive price movement is driven by new initiatives aimed at promoting growth and increased adoption, suggesting that altcoins may continue their upward momentum.
Worldcoin Expands to New Areas
One of the key factors contributing to Worldcoin’s rise is the positive divergence seen in the DAA (Daily Active Addresses) index. This is a strong buy signal, as the divergence shows more users interacting with the platform, which typically leads to higher demand and rising prices.
Worldcoin has also deployed the new World ID identification information system in Chile, Colombia, Malaysia and Korea. This expansion has led to increased demand and greater user engagement, further fueling the craze.
As the platform attracts more users and expands its utility, market sentiment around Worldcoin becomes increasingly bullish. As demand increases, the value of WLD is expected to continue to increase, creating opportunities for both short- and long-term investors.
Worldcoin’s macro momentum looks promising, with active addresses at a six-month high. This increase in active participation shows that investor interest in the project is growing. Increased activity and interaction on the network is often a sign of growing demand, which is one of the main reasons for the recent increase in WLD value.
The increase in active addresses also shows that Worldcoin is attracting attention in the Cryptocurrency community. As more investors and users engage with the platform, the cryptocurrency is building a solid foundation for continued growth.
This participation is a direct response to the growing demand for Worldcoin’s services, especially the World ID system, which is gaining momentum in new markets.
WLD Price Prediction: Heading Higher
Worldcoin’s price has increased 20% in the past 24 hours, surpassing the key support level at $3.36. This increase pushed WLD to a five-month high, indicating a strong uptrend. With $3.36 support now firmly in place, WLD has a chance to push higher, potentially reaching $4.00 again.
The next target for Worldcoin is the $4.00 resistance level, which could be key for continued growth. If the price can break through this level, it could signal a new bullish phase, attracting more investors and increasing confidence in the project. As adoption continues to increase, especially with the expansion of World ID, WLD may continue to rise, reaching new milestones.
Looking ahead, if current momentum continues, Worldcoin could see additional earnings in the coming weeks. The combination of increased adoption and positive market sentiment suggests that the cryptocurrency is well positioned for long-term growth.
However, if WLD loses support from $3.36, the price could drop to $2.78. Losing this support would completely invalidate the bullish thesis.