Worldcoin (WLD) Price Sees Dramatic Recovery After All-Time Low - Will It Reach $2?


19 Sep 2023 9:45 AM

The Worldcoin (WLD) price fell to a new all-time low on September 12. It has increased since and just broke out from a corrective pattern....

  • The Worldcoin (WLD) price has recently increased after reaching an all-time low on September 12.
  • The increase resulted in a breakout from a descending parallel channel, indicating a complete correction.
  • The price decline was contained within the channel since July 24, with both upper resistance and lower support lines confirmed repeatedly.
  • The rejection by the channel's resistance line on September 7 marked the beginning of the downward trend.
  • However, the price has since increased and broke out from the channel on September 15, suggesting a new upward movement.
  • The six-hour RSI (Relative Strength Index) supports the continuation of the increase, indicating a bullish prediction.
  • If the upward movement continues, the price could increase by another 50% and reach the $2.10 resistance area. A loss of momentum may lead to a 25% drop to the channel's resistance line at $1.08.

The sentiment of the article is positive, focusing on the recent increase in the Worldcoin price and the potential for further growth.

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You May Ask

What caused the recent increase in the Worldcoin price?What is a descending parallel channel and how does it relate to price patterns?How does the six-hour RSI indicator support the continuation of the price increase?What are the potential price targets if the upward movement continues or loses momentum?

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