- The Worldcoin crypto price is following a strong uptrend.
- Despite of rise in volume, the WLD crypto price is trading flat.
Worldcoin is a cryptocurrency project that aims to create a global identity and financial network based on proof of personhood. It uses the Orb, a biometric device, to verify users as unique humans. The WLD token enables transactions and governance on the Worldcoin network. It was founded by Sam Altman and others.
The Worldcoin has a total supply of 10.0B WLD resulting in the same amount of max supply. It further has resulted in a circulating supply of 108.578M WLD and the fully diluted market cap of the crypto is $37.824B.
The market cap of Worldcoin has advanced by more than 50% in the last 30 days. Also, the current market cap value of the Worldcoin is $408.57M and the market cap ranking of the crypto as per Coingecko is 152nd.
The current market cap dominance of Worldcoin is 0.023% and the volume/market cap ratio of the crypto is 0.3723.
Worldcoin Derivatives Analysis
The Worldcoin crypto has witnessed a higher long liquidation of $472.78K and the recorded short liquidation of the crypto is $205.28K. The derivatives volume also has advanced by 71.8% resulting in a traded volume of $396.57M. Also, the current open interest of the Worldcoin crypto is $130.98M.
WLD Crypto Technical Analysis
Since the launch of Worldcoin crypto, it witnessed a sell-off for a short period and then the WLD crypto started to rise with strong volumes. That resulted in the breakout above the rising wedge pattern and the change of character to bullish.
The following scenario of the crypto price action shows a string uptrend and dominance of buyers in the crypto price.
WLD/USD Chart by TradingView
The indicators for the WLD crypto on the 4H charts are giving a bullish signal as the crypto is trading above the golden cross set of the 50-day and the 200-day EMAs.
Despite the following behavior of the EMAs, the RSI is acting volatile following a small range and if the crypto breaks above the consolidation zone, the momentum of the price can lead to much higher levels.
Conclusion
Worldcoin is a promising cryptocurrency project that has seen a surge in its trading volume and price. The WLD crypto has broken above multiple patterns and is in a bullish trend. The technical indicators support the positive outlook and suggest that WLD could reach higher levels in the future.
Technical Levels
Support Levels: $2.30 and $3.20
Resistance levels:$4.80 and $6.00
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.