Worldcoin (WLD) has been on an impressive run, posting a nearly 40% surge in the past week and hitting a 4-month high. After breaking past the $2.5 resistance, the cryptocurrency is consolidating near $2.9, igniting investor optimism about a potential breakout toward $3.5 in the short term.
What’s Driving Worldcoin’s Momentum?
Since its launch, WLD has faced ups and downs, including a significant 75% retrace from its all-time high (ATH) of $11.74. However, November marked a turning point, with the token reclaiming the $2 support level and soaring 75% in just three weeks.
Open interest (OI) has surged 135% this month, reaching $433M—a clear indicator of heightened market participation. With trading volume hitting $1.67 billion in the last 24 hours, all signs point to strong investor confidence.
The Path Ahead: $3.5 and Beyond
Analysts predict that breaking the $3.5 resistance could propel WLD toward its previous highs. Comparisons with Cardano’s (ADA) recent breakout highlight the potential for a significant upward move. However, holding the $2.8 support is critical for sustained growth.
As WLD continues to build momentum, investors are eyeing the next big move. Could this altcoin replicate its March highs and go beyond?
Why This Matters for Investors
At CryptaBlocks, we provide insights into emerging opportunities like Worldcoin. With market dynamics shifting, now could be the time to evaluate your investment strategy. Stay tuned to CryptaBlocks for expert analysis and updates on the crypto market.
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