Will WLD price rise 50% before the end of Q3, 2024?
Worldcoin price made a big noise in the markets when it broke above the bearish pattern. While the market participants believed that the token reached $3 without any bearish intervention, the signal began to consolidate around a narrow range. However, the price has entered the bullish territory and thus a new bullish trend is expected to push the WLD price up by another 50% in the next few days.
The bulls have been defending the area support at $2 for the past two days, suggesting that they will continue to be vigilant in the current price action. Although the rally confirms a new uptrend, the current trading setup suggests that the upcoming breakout could be big. Now that the market dynamics are changing and turning to bulls, will the price of WLD reach $3 before the end of the month?
The Gaussian channel remains bearish, but the price has entered the channel below and pierced above the upper channel. This suggests a reversal zone and so if the channel turns green, a reversal can be confirmed. Therefore, the WLD price should continue to strengthen above the channel until the bulls show the next uptrend. However, the main concern lies in the RSI, which failed to enter the overbought territory.
The price of Worldcoin has seen a significant increase in the past week, which has seen a significant increase in trading activity. This implies that market participants are believed to be actively monitoring the unfolding price action and can jump in at the right time. The first resistance of the price of Worldcoin is around $ 2.443, which should be safe at the end of the week. This move could allow WLD's price to reach $3 in the first few days of Q4. Otherwise, the horizontal reinforcement may last for a long time.
