#Worldcoin coin exhibited a neutral trend throughout January 2024.
Bullish sentiments emerged in February, propelling WLD's valuation by over 455%. The surge peaked at an all-time high (ATH) of $11.970 on March 10th.
Subsequently, $WLD faced resistance at the $12.00 mark, triggering selling pressure and a sharp 64% decline.
A double-bottom pattern formed, with the price bottoming around $4.18. The neckline of this pattern is identified at $6.18.
On the daily chart, $WLD has broken through the descending trendline, forming a bullish candle.
On the daily chart, WLD is currently trading within the range of the 100 and 200 Day Exponential Moving Averages (EMA).
If bulls break the $6.20 resistance, upward momentum could continue, testing $7.50 and $10.00 resistance levels.
According to Coin Gabbar analysis, A shift in bullish sentiment could lead to WLD losing momentum, potentially driving the price down to the critical support level of $4.20.
KEY LEVELS :
RESISTANCE LEVEL : $7.00-$8.20
SUPPORT LEVEL : $5.00-$4.00
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