- WLD price rose 5.93% to $1.68 after recovering from support at $1.475.
- Market sentiment was strengthened by a 50 bps rate cut, leading to bullish momentum.
Worldcoin (WLD) is currently trading at $1.68, up 5.93% over the past 24 hours, driven by improving market sentiment. The recent price action follows a bounce from previous support at $1.475, indicating renewed bullish momentum. The market generally reacted positively to the announcement of a 50 basis points (bps) rate cut, sparking optimism among risk assets including WLD.
WLD currently enjoys a favorable technical environment. With strong resistance at $1,849 and potential to test $1,990 if momentum continues. However, market volatility remains a key factor and traders should monitor how WLD reacts to broader market trends and events.
WLD’s market capitalization increased by 6.62% to $777 million. Trading volume increased by 86.74% to $171.6 million, indicating growing interest from investors. With a market cap ratio of 22.02%, Worldcoin exhibits strong liquidity, which is critical to maintaining upward momentum.
Key resistance levels for WLD are observed at $1,849 and $1,990, while the nearest support level remains at $1,475. Technically, the WLD Relative Strength Index (RSI) is at 57.70, above the average RSI of 50.07, indicating a potential bullish trend. The token’s rolling average price of $1,559 further supports the idea of an upward trajectory in the short term.
Recent Developments Driving WLD
Worldcoin has made significant strides recently, including the introduction of Face Auth facial recognition system on September 20th. It aims to improve the security of users of its World app. This innovation resulted in a 7% increase in the price of WLD. This technology provides improved fraud detection for users on decentralized platforms.
Additionally, Worldcoin’s expansion into Poland with its World ID system has attracted market interest as it allows users to verify their identity while maintaining privacy. This integration has had a positive impact on WLD’s price, contributing to a 2.81% gain over the past week.
