- WLD has surged by 8.15% over the past 24 hours.
- Strengthening market fundamentals suggested that Worldcoin was positioned for more gains.
Over the past three days, Worldcoin [WLD] has experienced a strong upswing. Over this period, WLD has surged from a low of $2.01 to a high of $3.04.
In fact, as of this writing, Worldcoin was trading at $2.28. This marked an 8.15% increase over the past 24 hours. This bullish trend has extended on weekly charts, hiking by 3.13%.
Prior to this, WLD had been on a downtrend, dipping by 32.08% on monthly charts.
Despite the recent price uptick, the altcoin remained approximately 80.93% below its all-time high of $11.82 recorded 10 months ago.
This dip has created a buying opportunity, allowing investors to enter the market at low prices. As such, the recent price pump is mainly driven by increased buying activity.
Inasmuch, popular crypto analyst Ali Martinez has observed another buying signal.
Market sentiment
In his analysis, Martinez observed that the TD Sequential indicator has presented a buy signal on daily charts.
Source: X
When TD sequential presents a buy signal, it indicates a potential reversal. With the recent price dip attracting more buyers, the altcoin could see higher buying pressure, thus facilitating a price rebound.
What WLD charts say
According to AMBCrypto’s analysis, Worldcoin is seeing a strong momentum build-up to the upside amidst bullish sentiment.
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Author: Gladys Makena
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