Worldcoin is setting its sights on a recovery target of $0.67 within the next two weeks, according to technical analysis. However, for this bullish scenario to unfold, it is essential for the WLD token to hold above the crucial support level of $0.55.
In the short term, forecasts indicate a target range of $0.63 to $0.65, representing a potential increase of 9% to 12%. Over the medium term, analysts predict a broader range of $0.67 to $0.73, which could yield gains of 16% to 26% if bullish momentum continues.
The consensus among analysts is leaning towards a cautiously optimistic outlook for Worldcoin, with many targeting the price range of $0.60 to $0.67 in the coming weeks. Notably, Blockchain.News has recently adjusted its price target to $0.61 to $0.64, highlighting the potential momentum toward the $0.67 resistance level. Similarly, MEXC News is echoing this bullish sentiment with a target of $0.67.
However, opinions vary on the timing of this potential rally. CoinLore has provided a more conservative estimate, predicting a price of $0.5663, reflecting existing technical uncertainties. Earlier forecasts from December suggested possible declines to the $0.48 to $0.53 range, raising concerns about potential downside risks.
Technical Analysis of Worldcoin
Current technical indicators for Worldcoin present a mixed but increasingly positive outlook. Trading at approximately $0.58, the token is positioned just above the critical pivot point of $0.57 and is situated well within the middle of the Bollinger Bands at 26.54%. This positioning implies that the token is not in an oversold condition, indicating potential for upward movement toward the target of $0.67.
The MACD histogram reading of 0.0040 suggests the beginnings of bullish momentum, despite an overall negative MACD reading of -0.0315. Additionally, the relative strength index (RSI) sits at 42.04, remaining in neutral territory, which allows for movement either way without immediate overbought signals. Volume analysis shows a healthy trading volume of $14.3 million over the past 24 hours, indicating sufficient liquidity for any potential price movement.
Worldcoin”s Price Targets: Bullish and Bearish Scenarios
The primary bullish target for WLD remains at the $0.67 resistance level, marking a 16% upside from its current price. This target aligns with the upper boundary of the Bollinger Bands and represents a level that has been tested multiple times. A successful break above $0.67 could lead to further momentum towards the next significant level at $0.73, which would represent a potential gain of 26%.
For this bullish scenario to materialize, WLD must maintain support above $0.57 while the MACD histogram continues to strengthen. Furthermore, reclaiming the 20-day exponential moving average (EMA) at $0.61 as support would solidify a short-term trend reversal.
On the bearish side, risks arise if WLD drops below the critical support level of $0.55. This level coincides with both the lower boundary of the Bollinger Bands and the 52-week low. A breach of this support could prompt selling pressure towards the $0.48 to $0.53 range, as previously warned by some analysts. Should the RSI fall below 40, alongside a failure to hold the $0.57 pivot point, the bearish scenario would gain credibility.
Investment Considerations for Worldcoin
Based on the current technical analysis, a layered entry strategy appears to be the most prudent approach for investors. Initial positions could be established at current levels around $0.58, with further accumulation on dips towards the support zone of $0.56 to $0.57.
For potential investors weighing whether to buy or sell WLD, the technical setup suggests focusing on buying during support tests rather than attempting to chase breakouts. A disciplined trading approach should include:
- Entry points: $0.56 to $0.58 range
- Stop-loss: $0.54 (below key support)
- Initial target: $0.63 to $0.65
- Extended target: $0.67 to $0.70
It is advisable to keep position sizes conservative, allocating no more than 2% to 3% of a portfolio until the market direction becomes clearer, particularly above $0.67 or below $0.55.
In conclusion, the WLD price prediction for the following two weeks leans cautiously bullish, with a medium confidence target of $0.63 to $0.67. The emerging MACD bullish momentum and the neutral RSI provide a technical foundation for a potential recovery. However, the broader trend faces challenges from overhead resistance. Key indicators to monitor include the strength of the MACD histogram, RSI movements above 45, and the critical reaction of WLD at the $0.67 resistance level. A decisive break above this resistance, accompanied by strong volume, would validate the bullish forecast and could spur a move toward $0.73.
