Worldcoin’s 12% hike means traders should watch THESE levels now

A potential ‘Golden Cross’ could be on the horizon for Worldcoin
WLD’s RSI stood at 65.05, nearing overbought territory – A sign of potential caution for traders

Jacob: Worldcoin awaits a ‘Golden Cross,’ what does this mean for traders?

Worldcoin [WLD]‘s price action over the last 24 hours has been remarkable, with the crypto climbing by 12.05% to hit $2.43 at press time.

The aforementioned uptick has captured traders’ attention as the altcoin tested significant resistance zones. How the altcoin interacts with these levels could determine its short-term and long-term price direction.

An analysis of the altcoin’s price action revealed bullish signals and potential obstacles that could influence its trajectory over the next week.

Resistance levels in focus

The recent surge in Worldcoin’s price has brought it close to critical resistance levels on the charts.

Source: TradingView

The first significant hurdle, marked by R1 ($2.5042), represents a crucial resistance level. If Worldcoin breaks above this level, it could extend its bullish momentum, potentially leading to test R2 ($2.7647) and R3 ($3.1559), where traders may look to lock in profits.

Additionally, the chart revealed a potential “Golden Cross” on the horizon as the 50-day Moving Average (MA) neared a crossover with the 200-day MA – A bullish technical pattern.

If Worldcoin surpasses the 50-day MA, placed at around $3.13 at press time, it could confirm a sustained uptrend on the charts.

However, failure to break R1 could lead to a short-term pullback or consolidation period, stalling the uptrend.