Worldcoin’s native token – WLD – surged by approximately 130% over the past year.

The upward momentum proved short-lived, leading to profit-taking, and the rally appears to have come to a halt, with WLD witnessing a decline of around 20% from its peak of $4.68 within less than 10 days.

Despite this downturn, data indicates the possibility of a massive rally soon.

Worldcoin Targets $6.30 Rally

According to popular crypto analyst Ali Martinez, Worldcoin is exhibiting signs of a breakout from a bull flag on its 4-hour chart. Should this be verified, it may open the door for the WLD token to begin an 80% surge, aiming for a target of $6.30.

#Worldcoin shows signs of a breakout from a bull flag on its 4-hour chart! If confirmed, this could pave the way for $WLD to enter an 80% rally, targeting $6.30. pic.twitter.com/IZ19bkgqOy

— Ali (@ali_charts) December 25, 2023

Worldcoin has been a source of controversy since its inception. Despite gaining global attention, it wasn’t until November that WLD began to gain traction.

The token eventually reached its peak on December 18th at $4.68 during a broader market upturn. It has since retreated to $3.81.

On the regulatory front, the journey has been less than smooth. As previously reported, Worldcoin quietly suspended its Orb-verification service in India, Brazil, and France shortly after expanding the eyeball-scanning device to those markets.

This decision came despite Worldcoin’s efforts, such as opening pop-up kiosks in variou