Worldcoin Price Prediction: WLD Price Eyes 30% Rally as Bullish Momentum Builds

The post Worldcoin Price Prediction: WLD Price Eyes 30% Rally as Bullish Momentum Builds appeared first on Coinpedia Fintech News

Amid the ongoing crypto recovery in the past 24 hours catalyzed by the Uptober narrative, the Worldcoin (WLD) price pumped over 12 percent to trade around $2.29 on Monday, October 14, during the early mid-London session. As a result, the mid-cap altcoin, with a daily average traded volume of over $691 million, broke out of a major resistance level of around $2.14 earlier today.

Forces Behind Bullish Sentiment

Founded by several entrepreneurs led by OpenAI CEO Sam Altman in 2021, the Worldcoin project has grown to a major web3 platform with millions of users. As of this writing, Worldcoin’s World ID program has surpassed 6.9 million users from more than 160 countries. 

Consequently, over 220 million WLD coins have been claimed by users who have already verified their identity.

In the recent past, the Worldcoin project has accelerated its global market reach led by Europe including Austria and Poland.

As the company continues to deliver more ORB devices to streamline the human verification process, the speculation for WLD has been getting wilder. 

Short-Term Targets for Worldcoin (WLD) Price

From a technical standpoint, the WLD price is now ready to rally further in the coming weeks. In the daily time frame, the altcoin has been forming an inverted head and shoulders (H&S) pattern coupled with bullish divergence on the Relative Strength Index (RSI). 

Following today’s breakout from the resistance level around $2.17, the WLD price has now confirmed a higher low and higher high,  an established characteristic of a rising market trend.

In the short term, WLD price against Tyne US dollar is aiming for the next target between $2.9 and $3.2, which would be at least a 30 percent rally in the making and coincides with the 1.618 daily Fibonacci Extension.