September 8th• 3 min read
WLD Rallies 21% on Strong Technical Momentum
Worldcoin breaks through key resistance levels with a 21% surge, as technical indicators signal potential continuation toward $1.40 target amid rising volume and bullish momentum.
Key takeaways
🚀 Technical Breakout: WLD surged 21% breaking above key moving averages including SMA 20 at $0.93, signaling strong bullish momentum.
📈 Volume Surge: Trading volume spiked 132% to $399 million, confirming the strength behind the price rally.
🎯 Target Price: Analysts project potential upside to $1.40 resistance level, representing 17% additional gains from current levels.
⚡ Momentum Indicators: RSI at 67 remains in healthy territory with room for further upside, while MACD shows accelerating bullish momentum.
Deep dive
Worldcoin's recent 21% rally represents a significant technical breakout after weeks of consolidation near $0.85-$0.90 levels.
The surge was accompanied by a 132% increase in trading volume to $399 million, indicating strong institutional and retail participation.
Technical analysis shows WLD has broken above the SMA 20 at $0.93 and is testing the SMA 50 level, a pattern that often signals sustained uptrends.
With RSI at 67 and MACD showing accelerating bullish momentum, analysts project potential continuation toward the $1.40 resistance level.
However, traders should monitor for any failure to hold above $1.12 pivot support, which could signal a pullback toward the 20-day SMA at $0.95.
Polaris insights AI-generated
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
