WLD Rallies 20% as Worldcoin Pilots New ID Credential System

Worldcoin (WLD) has been experiencing a strong uptrend 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 a crucial psychological level of $4.

This positive price action is driven by new initiatives aimed at fostering growth and increasing adoption, signaling that the altcoin could continue its upward trajectory.

Worldcoin Reaches New Regions

One of the key factors contributing to Worldcoin’s surge is the positive divergence seen in the Price DAA (Daily Active Addresses) indicator. This is a strong buy signal, as the divergence shows that more users are engaging with the platform, which often leads to higher demand and price increases.

Worldcoin has also rolled out its new World ID passport credential system in Chile, Colombia, Malaysia, and South Korea. This expansion has led to increased demand and greater user participation, further fueling the rally.

As the platform attracts more users and expands its utility, the market sentiment surrounding Worldcoin has become increasingly bullish. As demand grows, the value of WLD is expected to continue to rise, creating further opportunities for both short-term and long-term investors.

Worldcoin Price DAA Divergence. Source: Santiment

Worldcoin’s macro momentum looks promising, with active addresses currently at a six-month high. This surge in active participation suggests that investor interest in the project is on the rise. Increased activity and engagement on the network are often indicative of growing demand, which has been one of the primary drivers of WLD’s recent price appreciation.

The uptick in active addresses also signals that Worldcoin is gaining traction within the crypto community. As more investors and users engage with the platform, the cryptocurrency is building a strong foundation for continued growth.

This participation is a direct response to the increasing demand for Worldcoin’s services, particularly the World ID system, which has been gaining momentum in new markets.

Worldcoin Active Addresses. Source: Santiment

WLD Price Prediction: Aiming Higher

Worldcoin’s price has surged by 20% over the last 24 hours, breaking above the critical support level of $3.36. This increase has propelled WLD to a five-month high, indicating a strong upward trend. With the support at $3.36 now holding, WLD has room to push higher, potentially reclaiming the $4.00 level.

The next target for Worldcoin is the $4.00 resistance, which could be pivotal for its continued growth. If the price manages to break through this level, it could signal a new phase of price appreciation, drawing in more investors and boosting confidence in the project. As adoption continues to grow, particularly with the expansion of World ID, WLD may continue to rise, reaching new milestones.

Worldcoin Price Analysis. Source: TradingView

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

However, if WLD loses the support of $3.36, it could fall to $2.78. Losing this support would invalidate the bullish thesis completely

Source