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CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data > Blog > News > Can Worldcoin sustain its 8% gain, fuel a push to $3?
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Can Worldcoin sustain its 8% gain, fuel a push to $3?

CoinRSS
Last updated: January 3, 2025 8:17 am
CoinRSS Published January 3, 2025
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Contents
Market sentimentWhat WLD charts sayWhat lies ahead for Worldcoin?
  • WLD has surged by 8.15% over the past 24 hours.
  • Strengthening market fundamentals suggested that Worldcoin was positioned for more gains.

Over the past three days, Worldcoin [WLD] has experienced a strong upswing. Over this period, WLD has surged from a low of $2.01 to a high of $3.04.

In fact, as of this writing, Worldcoin was trading at $2.28. This marked an 8.15% increase over the past 24 hours. This bullish trend has extended on weekly charts, hiking by 3.13%.

Prior to this, WLD had been on a downtrend, dipping by 32.08% on monthly charts.

Despite the recent price uptick, the altcoin remained approximately 80.93% below its all-time high of $11.82 recorded 10 months ago.

This dip has created a buying opportunity, allowing investors to enter the market at low prices. As such, the recent price pump is mainly driven by increased buying activity.

Inasmuch, popular crypto analyst Ali Martinez has observed another buying signal.

Market sentiment

In his analysis, Martinez observed that the TD Sequential indicator has presented a buy signal on daily charts.

Source: X

When TD sequential presents a buy signal, it indicates a potential reversal. With the recent price dip attracting more buyers, the altcoin could see higher buying pressure, thus facilitating a price rebound.

What WLD charts say

According to AMBCrypto’s analysis, Worldcoin is seeing a strong momentum build-up to the upside amidst bullish sentiment.

Source: TradingView

This momentum was shown in the altcoin’s MACD, which was closing to make a bullish crossover. When this crossover emerges, it will further confirm the strengthening momentum to the upside.

The bullishness was further evidenced by the rising Advance Decline Ratio (ADR), which has surpassed 1 to reach 1.56.

When this is greater than 1, it implies that WLD is experiencing more gains than losses, signaling a potential broad-based rally.

Source: Santiment

Looking further, Worldcoin’s Open Interest per Exchange has increased over the past week from $110 million to $122 million.

When Open Interest rises, it implies that new buyers are entering the market to drive prices higher as strong bullish sentiments intensify.

Source: Santiment

Finally, Worldcoin’s price DAA divergence has remained positive over the past week, suggesting that there are increased active users.

As such, network activity and overall fundamentals are strengthening, which may reflect on prices. Usually, investors view this as a major indicator of a potential rally.


Read Worldcoin’s [WLD] Price Prediction 2025–2026


What lies ahead for Worldcoin?

Worldcoin is currently entering a potential recovery phase. The prevailing market conditions could see the altcoin make more gains on its price charts.

If the bulls continue to hold the market, we could see WLD reclaim $2.42 in the short term. A breakout from here will strengthen the altcoin to hit $3. Subsequently, a market correction will push prices down to $2.

Next: Can VIRTUAL keep its 22% surge despite overbought conditions?

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