Cryptocurrencies appear calm, with slight 24-hour price movements, as Bitcoin failed to solidify beyond $64,000 after the latest leg up.
While top altcoins present mixed signals amid emerging bearishness, AI crypto Worldcoin (WLD) displayed resilience, painting its daily chart green after an over 17% uptick.
WLD jumped from the daily low at $1.8115 to press time levels of $2.12, reflecting robust upward momentum.
The rebound comes as the project launched verifications in three countries, Poland, Guatemala, and Malaysia, within a week.
WLD catalysts
Wordcoin once dominated crypto trends as the top artificial intelligence crypto.
However, privacy issues attracted regulators from various jurisdictions, triggering relentless dips from the 1-year peak above $11, which saw nearly all holders enduring losses.
However, the current price trajectory suggests a shift, with bulls regaining ground.
The recent verification in Guatemala, Poland, and Malaysia contributes to WLD’s continued gains.
Worldcoin $WLD launches in 3 more countries; Guatemala, Malaysia, and Poland
Furthermore, developers have completed 6.7 million WLD ID verifications within the past week, with over 155K accounts registering.
Consequently, wallet transactions climbed to 142 million as 24-hour address transactions surged toward 400K.
Such developments will bolster Worldcoin’s liquidity in the coming session, leading to stable price actions.
Moreover, Sam Altman’s project plans to launch a layer2 platform, World Chain, in collaboration with the Alchemy network.
Just in: Worldcoin is partnering with @AlchemyPlatform to bring World Chain to life ⚪️
Developers believe the Ethereum chain will streamline scaling processes and reduce gas fees. Also, it will include World ID stats to avoid bots.
WLD price performance
Worldcoin’s bounce-back emerged after the alt secured a robust support barrier at $1.3245 – where WLD printed a double-bottom setup.
It skyrocketed past the pattern’s $1.95 neckline, signaling massive momentum.
Technical indicators suggest continued upswings for WLD. The Average Direction Index (ADX) points upside as WLD’s price has swayed to the wide Bollinger Bands’ upper boundary.
Also, the RSI at the 70 overbought region supports upswings for the alt.
Maintaining the current momentum could extend WLD’s gains to $3.25, translating to a 54% surge from current prices.
WLD traded at $2.12 after gaining 17.05% over the last 24 hours, extending its weekly gains to 32%.
The 90% uptick in daily trading volume underscores immense investor participation and enthusiasm, supporting the anticipated surge to $3.25.
While Wordlcoin seems to decouple with its prevailing performance, broad market sentiments would be crucial in determining its movements in the upcoming sessions.
Bitcoin witnessed turbulence on 26 September despite notable BTC ETFs’ inflows.
The bellwether crypto lost 0.21% over the past day to hover at $63,690.
BTC touched a daily high of $63,970 and a low of $62,771, underscoring substantial volatility.
Nevertheless, Bitcoin has displayed resilience this September, recording gains in a month that bears usually dominate.
Thus, market analysts expect robust uptrends to historic all-time highs in “Uptober.”
That will set the stage for Worldcoin’s continued uptrends in the upcoming months.
Nevertheless, enthusiasts should watch for regulatory developments around the project as they could hinder anticipated rallies for WLD.
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