Worldcoin Stabilizes and Rises over $2.00 Support Level
Worldcoin has regained bullish momentum and is currently trading between $2.00 and $2.50. The lack of price movement can be attributed to doji candlesticks, indicating uncertainty among both buyers and sellers.
Main Breakdowns:
- Worldcoin’s current price is $2.29 with a market cap of $256,628,605.
- Worldcoin’s circulating supply is 112,050,395 WLD with a total supply of $22,858,111,686.
- The cryptocurrency is ranked #117 on Coinmarketcap.
- Resistance levels: $3.00, $3.50, $4.00
- Support levels: $2.00, $1.50, $1.00
While Worldcoin initially experienced a price rise, it has now entered a range between $2.00 and $2.50. Despite a correction to $1.85, the coin managed to bounce back above the $2.00 support level.
In the 1-hour chart, the price bars are caught between the moving average lines, indicating a potential breakout or downturn. If the price breaks above the moving average lines or the resistance level of $2.50, it will continue its positive trend. On the other hand, if the price falls below the support level of $2.00, a downturn is expected.
Worldcoin Alternatives
Although Worldcoin is trading in a limited range, it is still in bullish momentum. A breakout above the moving average lines and the $2.50 resistance level could lead to a rise in the altcoin’s value. Worldcoin is anticipated to retest its recent high of $7.51, suggesting the possibility of another uptrend phase. Additionally, other altcoins like WSM have gained popularity among investors.
Hot Take: Worldcoin’s stability and bullish momentum indicate potential growth in the cryptocurrency market. Keep an eye on upcoming breakouts and support levels for trading opportunities.
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