Worldcoin is an emerging cryptocurrency that creates global digital currency and also enhances economic opportunities through identity verification via iris scanning technology.
Developed by the team behind OpenAI, Worldcoin goal is to distribute tokens to users worldwide, using more of an inclusive financial system. Recent technical analysis suggests that WLD price might be on the verge of a price surge, potentially reaching $3 soon. This analysis was done by the analyst behind the World of Chart page on X.
Why WLD Price Could Reach $3
According to the analyst, the Worldcoin price has been consolidating within what technical analysts recognize as a falling wedge pattern. This pattern is characterized by a series of lower highs and lower lows that converge, often signaling a weakening in selling pressure and hinting at an upcoming bullish reversal. The narrow end of this wedge is where the market anticipates a breakout, suggesting that the WLD price could soon see an upward price movement if this pattern holds. This consolidation phase is critical as it sets the stage for potential price action, indicating that the market might be preparing for a significant move.
The chart indicates a clear price target of $3, marked by a curved arrow extending from the breakout point. This target is derived from classic technical analysis methods where the height of the wedge at its widest is projected upwards from the point of breakout. If the WLD price breaks out successfully, this target suggests an upward trajectory, reflecting the potential for significant gains for investors who are positioned correctly.
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Based on the analysis provided by World of Charts, the potential for WLD price to reach $3 soon appears plausible, contingent on a successful breakout from the falling wedge pattern with accompanying volume. As always, past performance does not guarantee future results, but the current technical setup for WLD price is certainly one to watch.
