Worldcoin (WLD) has surged 21% in the past 24 hours, climbing to $2.98. This jump coincides with the ongoing altseason, a phase marked by significant capital inflows into altcoins. Analysts highlight bullish patterns and robust trading volumes as key factors driving WLD’s upward momentum.
Altseason Fuels Worldcoin’s Rally
The altseason has created favorable market conditions for altcoins, including Worldcoin. WLD rebounded from its local low of $2.25 to hit $2.98, reflecting increased investor interest.
Altcoins often outperform Bitcoin during altseason, fueled by broader market breakouts. Analysts point to a confirmed breakout in total altcoin market capitalization, excluding Bitcoin, as a signal of bullish momentum across the sector. Worldcoin’s performance aligns closely with this trend.
Cup and Handle Pattern Suggests Bullish Potential
A Cup and Handle pattern has formed on the Worldcoin price chart, indicating potential for continued growth. This pattern, characterized by a rounded U-shaped cup followed by a smaller consolidation handle, signals accumulation before a breakout.
Key technical levels include:
- Breakout Resistance: $2.60–$2.65
- Support Level: $1.70
- Future Targets: Analysts project WLD could rise to $11.97 and $20.04, with an optimistic target of $40.24.
Momentum Strengthened by Rising Volume
Worldcoin’s trading volume soared by 119% to $1 billion, indicating strong buyer interest. This growth follows the expansion of Worldcoin’s ID verification services to over 40 countries, including Costa Rica, Poland, and Austria.
WLD’s market capitalization also increased by 22%, reaching $2.10 billion. These metrics reflect a growing momentum that aligns with broader altcoin trends during this market phase.
Will Worldcoin Sustain Its Growth?
As WLD tests resistance near $2.60, breaking through this level could pave the way for a significant rally. However, maintaining support at $1.70 will be crucial in avoiding pullbacks. With altseason fueling interest and strong technical signals in play, Worldcoin appears well-positioned for further growth.
