WLD price reaches 5-month high; It aims to recover $4.

WorldCoin (WLD) has been showing strong growth since early September, gaining significant momentum over the past 24 hours. The altcoin's recent rally has pushed its price to a five-month high, with WLD nearing the critical psychological level of $4.

This positive price action is driven by new initiatives designed to boost growth and increase adoption, indicating that the altcoin may continue its upward trajectory.

Worldcoin reaches new regions

One of the key factors contributing to the rise of Worldcoin is the positive trend seen in the price DAA (Daily Active Addresses) indicator. This is a strong buy signal, because the difference is that many users are engaging with the platform, which often leads to high demand and price increases.

WorldCoin has launched its new World ID Passport authentication system in Chile, Colombia, Malaysia and South Korea. This expansion led to increased demand and increased user engagement, further fueling the rally.

As the platform attracts more users and expands its services, the market sentiment around Worldcoin is increasing. As demand grows, the value of WLD is expected to increase, creating more opportunities for both short-term and long-term investors.

Worldcoin's macro momentum looks promising, with active addresses currently at a six-month high. This increase in active participation suggests that investors are increasingly interested in the project. Increased activity on the network and participation on the network are often indicative of growing demand, which is one of the main drivers of WLD's recent price increase.

The surge in addresses shows that WorldCoin is starting to gain traction in the crypto community. As more investors and users engage with the platform, cryptocurrency is building a strong foundation for continued growth.

This participation is a direct response to the increasing demand for Worldcoin services, especially the World ID system, which is increasing in new markets.

WLD price forecast: higher target

The price of Worldcoin has increased by 20% in the last 24 hours, rising above the critical support level of $3.36. This increase pushed WLD to a five-month high, indicating a strong upward trend. With support at $3.36 now holding, WLD has room to move higher, possibly retrieving the $4.00 level.

Worldcoin's next target is $4.00 resistance, which could be crucial for its further growth. If the price can break through this level, it could signal a new level of price appreciation, attracting more investors and increasing confidence in the project. As adoption grows, especially with the expansion of World ID, WLD can continue to grow, reaching new milestones.

Looking ahead, if the current momentum continues, Worldcoin could see further gains in the coming weeks. The combination of increasing adoption, and positive market sentiment suggests that cryptocurrency is in a good position for long-term growth.

However, if WLD misses the $3.36 support, it could drop to $2.78. Lacking this support completely invalidates the Bullish thesis.