The post Worldcoin in the Middle of a 50% Run to Reach $5—Will This Help WLD Price Reach $10 in 2024? appeared first on Coinpedia Fintech News
Ever since the Bitcoin price surged above the consolidation in the first half of November, the markets have become sure of the strengthening of the bull run. This move also shook the Worldcoin price, which was stuck in a tight consolidation phase as the bears restricted the trade within predetermined price levels. Meanwhile, the November breakout helped the price to rise above the range, which is now primed to rise by another 25% after securing a 25% upswing.
Worldcoin is among the tokens that have failed to rise even 20% close to its yearly highs, which have already been surpassed by many. The prolonged accumulation may have attracted huge trader’s attention and as a result, the platform witnessed a massive increase in volume. With the levels hitting $2 billion from the lows below $400 million, the future prospectus of the WLD price remains extremely bullish as it has more room to grow.
After facing a massive downfall, the bulls failed to trigger a strong rebound and as a result, the token remained accumulated for a long time. Meanwhile, the bulls caused some variations in between, which formed a bullish pattern later. Luckily, the recent price rise pushed the levels above the neckline of the Adam & Eve pattern and after a retest, the token has begun its journey towards higher highs.
The WLD price is currently trading around $4 with over 21% in the past 24 hours and a cumulative growth of over 100% in the past 30 days. Although the price remains 65% away from its ATH at $11.82, the token demonstrates bullish performance and high volatility. Therefore, now that the price has launched a massive upswing, the next levels to watch could be around $4.4 while the pivotal resistance to achieve could be around $5.1, which may validate a rise from the bearish influence.
Therefore, if the token continues to hold similar bullish momentum and reaches $5, then the probability of reaching a double-digit figure could be validated. However, this move could consume more time than expected, probably in the first few days of 2025.
