"Hmm do you think the price of WLD will fall to rise or vice versa?"
Cryptocurrency Worldcoin (WLD) which managed to see a massive surge in buying pressure on December 16, 2023 has pushed its price up 86% to reach $4.80 from $2.45 last week.
Even so, WLD may fall back to make a move in the consolidate phase before resuming new bullish momentum that could see its price reach new all-time highs.
That streak, investors can expect the price of WLD to bounce back at the level of $3.50 or $3.24 which is the 50% and 62% retracement of the December 16, 2023 range, but it should be noted that the price can also retreat back to $3.15.
A retest at that level will likely push the price of WLD to mount a quick climb back to $4.59 and then continue further up to $5.29 followed by a new high of $6.63.
There is no denying the outlook for WLD price is bullish after witnessing its recent surge, but if the digital asset breaks below the $2.41 support zone then the price could slip lower.
In such a situation, WLD price could fall further to the next support zone at $2.03 which is a 16% decline from $2.41.
As of this writing, WLD price has surged by 4.40% at $4.09 in the last 24 hours with a market capitalization of $408 million then recorded a 53.98% increase over the last week.
