WLD Makes Strides: Can It Surpass the Previous Peak and Establish a New All-Time High?

Worldcoin (WLD) witnessed a remarkable surge in its price over the last 24 hours, as reported by the cryptocurrency market tracking website CoinMarketCap. Presently, the altcoin has experienced a surge of more than 53%, reaching a trading price of $3.97.

WLD Makes Strides: Can It Surpass the Previous Peak and Establish a New All-Time High?

Accompanying this surge, WLD has seen an extraordinary 671% increase in its total trading volume within the past day, propelling the total volume to $912,047,817. This places WLD’s trading volume as the eighth largest recorded in the market over the last 24 hours.

While the current price of WLD provides valuable information, the altcoin reached a notable 24-hour high of $4.38. Despite a slight correction from this peak, WLD remains closer to this high than its 24-hour low, situated at $2.57. Technical indicators on WLD’s daily chart indicate strong bullish signals, particularly after the recent surge in price over the past 48 hours. This significant price movement enabled the cryptocurrency to surpass the $2.770 resistance level, opening up a potential path for WLD to rise to $5.290 in the coming days.

A successful break above this level could pave the way for WLD to establish a new all-time high (ATH). However, the current extreme bullish signals from the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators may undergo a moderation in the next 48 hours. At present, the RSI line is notably above the RSI Simple Moving Average (SMA) line, indicating that WLD is in overbought territory. Similarly, the MACD line maintains a position well above the MACD Signal line.