Worldcoin has surged 23.55% in the last 24 hours reaching new trading levels.
The altcoin’s daily trading volume surged by 79.14% as per CMC data.
After nearly six months of speculations, the crypto market has finally witnessed the bull run that it was waiting for. With Bitcoin’s rally, altcoins have followed suit in the upward movement over the past week. In the last 24 hours, the community rejoiced at the market cap reaching closer to the $3 trillion mark.
One specific altcoin, Worldcoin, also initiated its upward movement with a significant price surge. The altcoin has been maintaining upward movements in the past few days, however, particularly, in the last 24 hours, WLD has witnessed a price breakout.
The altcoin’s daily chart shows a price surge of 23.55% surge causing Worldcoin to reach a 28-day high of $2.85. In the Asian afternoon hours of November 11, WLD was trading at a low of $2.15 before moving upwards to the current levels. At the time of writing, the cryptocurrency was trading at $2.63 as per CMC data.
Zooming out, over the past week WLD has rallied by 53.63% rising from a low of $1.6. The token also surpassed the $2 milestone in the last 7 days. Additionally, the cryptocurrency also recently rebranded World and has launched its own blockchain. World Chain went live on October 17 as per reports.
Will Worldcoin Rally to Further Highs?
Inferring to technical indicators, WLD’s Moving Average Convergence Divergence (MACD) shows an existing positive trend as per TradingView data. The altcoin’s signal line recently crossed over the MACD line suggesting the above inference. Furthermore, the token’s bull power indicator value stands at 1.21 while its bear power indicator value is at a low of 0.78.
These indicators and the prevailing external conditions in the market highlight expectations for Worldcoin to continue its upward rally. In such a case, the altcoin can be expected to face resistance at $2.65 and $2.96.
Meanwhile, other altcoins such as DOGE and Solana have also factored in bullish movements in the last 24 hours.
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