On March 10, 2024, Worldcoin reached its peak price of $11.97, marking an all-time high.
Following the peak, #Worldcoin experienced an immediate reversal amidst a market correction trend.
Within two weeks, the price of #Worldcoin dropped by 32% to reach $8.10.
Analysis of the daily chart indicates that Worldcoin's price is oscillating within a Bullish Flag Pattern.
Currently trading at $8.09, $WLD is showing relatively flat trading activity over the last 24 hours.
The price aims to challenge the upper trendline of the Bullish Flag Pattern.
The correction trend above the 50% Fibonacci level indicates sustained buyer influence on this asset.
An upside breakout would signify a continuation of the prevailing trend, providing support for buyers to drive the price higher.
Post-breakout, the rally may target potential levels of $12, followed by $15.
As per Coin Gabbar analysis, Conversely, if the chart pattern is disrupted, Worldcoin's price may extend its correction trend towards lower levels.
KEY LEVELS :
RESISTANCE LEVEL : $10.00-$12.00
SUPPORT LEVEL : $7.00-$5.50
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Also read: Solana Price Prediction: Is SOL Headed for an All Time High?Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.