{"id":1924,"date":"2024-11-30T13:00:21","date_gmt":"2024-11-30T13:00:21","guid":{"rendered":"https:\/\/coinsrise.net\/blog\/worldcoin-wld-about-to-breakout-analyst-sets-next-target-after-4-month-high\/"},"modified":"2024-11-30T13:00:21","modified_gmt":"2024-11-30T13:00:21","slug":"worldcoin-wld-about-to-breakout-analyst-sets-next-target-after-4-month-high","status":"publish","type":"post","link":"https:\/\/coinsrise.net\/blog\/worldcoin-wld-about-to-breakout-analyst-sets-next-target-after-4-month-high\/","title":{"rendered":"Worldcoin (WLD) About To Breakout? Analyst Sets Next Target After 4-Month High"},"content":{"rendered":"

Worldcoin (WLD) has seen a nearly 40% surge in the last week, briefly testing the $3 mark. The cryptocurrency hit a 4-month high after nearing the upper zone of a multi-month range. Its recent performance has fueled investors\u2019 optimism about a possible breakout, which could send the token to new highs.<\/p>\n

Worldcoin Hits 4-Month High<\/h2>\n

Worldcoin has seen a considerable decline since hitting its all-time high (ATH) of $11.74, retracing around 75% from its March high. During the Q3 retraces, the cryptocurrency lost the $3 support, diving below the $2 mark after August\u2019s \u201cBlack Monday.\u201d<\/p>\n

Since then, WLD has hovered between the $1.3-$3.2 price range, consolidating below the $2.5 for the past couple of months. Following the November Post-election rally, Worldcoin has surged around 75% in three weeks, reclaiming the $2 zone.<\/p>\n

Earlier this week, the cryptocurrency\u2019s momentum propelled WLD above the $2.5 resistance level for the first time in three months, turning it into support the following days.<\/p>\n

Moreover, the token surged 23% intraday, hitting its four-month high on November 28 after momentarily trading above the $3 mark.<\/p>\n

Crypto analyst Yuriy suggested<\/a> that a \u201cbig move\u201d is coming for the cryptocurrency. The analyst noted that WLD\u2019s open interest (OI) has significantly surged this month, rising 135% since election day.<\/p>\n

According to Coinglass data<\/a>, Worldcoin\u2019s OI jumped from $184 million to $433 million in three weeks, recording its second-highest day on Wednesday. Additionally, it has seen a 9.65% in the last 24 hours and a 12% jump in the past hour, signaling heightened confidence and participation in the cryptocurrency.<\/p>\n

To Yuriy, the cryptocurrency could follow the steps of Cardano (ADA), which recently saw its price hit a 2-year high. Following its OI increase, the token recovered from its 75% decline and broke out of its multi-month consolidation range, reclaiming the long-awaited $1 mark.<\/p>\n

WLD\u2019s Breakout To Target $3.5<\/h2>\n

The analyst explained that, after the recent WLD price action, the $2.8 mark is a crucial support level to confirm, as it served as a significant resistance level earlier this month. As a result, consolidating above this level could propel the token’s price to the next target.<\/p>\n

The token is nearing a breakout from the 4-month range, which could target the $3.5 price range in the short term. Analyst AMBcrypto pointed<\/a> out that the $3.5 mark is the next major resistance for Worldcoin, indicating that a breakout from this level \u201cwill push it towards the previous high\u201d of $11.<\/p>\n

As of this writing, Worldcoin trades above $2.9, having surged 31% in the last month. Additionally, the token has seen a 42% increase in daily activity, registering a trading volume of $1.67 billion in the past 24 hours.<\/p>\n

\"Worldcoin,<\/p>\n","protected":false},"excerpt":{"rendered":"

Worldcoin (WLD) has seen a nearly 40% surge in the last week, briefly testing the $3 mark. The cryptocurrency hit a 4-month high after nearing the upper zone of a multi-month range. Its recent performance has fueled investors\u2019 optimism about a possible breakout, which could send the token to new highs. Worldcoin Hits 4-Month High…<\/p>\n","protected":false},"author":1,"featured_media":1925,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[33,37,25,1114,15,252,17,589,159,160,162,1309],"class_list":["post-1924","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-ada","tag-cardano","tag-crypto-analyst","tag-crypto-bull-run-2024","tag-crypto-market","tag-crypto-trader","tag-cryptocurrency-market-news","tag-us-elections","tag-wld","tag-wldusdt","tag-worldcoin","tag-worldcoin-bullish-breakout"],"_links":{"self":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/1924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/comments?post=1924"}],"version-history":[{"count":0,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/posts\/1924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media\/1925"}],"wp:attachment":[{"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/media?parent=1924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/categories?post=1924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsrise.net\/blog\/wp-json\/wp\/v2\/tags?post=1924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}