Worldcoin Price Prediction as WLD Closes in on $5 – Is It Time To Buy?
WLD has jumped by 5% in the past 24 hours, with the Worldcoin price moving to $4.74 as the cryptocurrency market enjoys another day of recovery today.
Despite this lift, Worldcoin remains down by 1% in a week and by 32% in the last 30 days, with the altcoin – founded by OpenAI CEO Sam Altman – also down by 59% from its all-time high of $11.74 (March 10, 2024).
However, the fact that WLD has underperformed within recent timeframes should mean that it continues to recover over the coming days and weeks, with the wider market likely to help it rebound.
Based on Worldcoin’s chart, now looks like a very good time to buy the token, with its indicators suggesting that it’s at the beginning of a short-term rally.
For instance, its relative strength index (purple) has risen from 25 at the end of April to 60 today, and it seems that it will continue rising in the near term.
Also bullish is WLD’s 30-day average (orange), which is rising towards the 200-day (blue) and appears ready to climb over the longer term average very soon.
And while Worldcoin’s volume is still relatively low at $200 million today, the lack of depth makes the coin ripe for a big swing.
#Worldcoin $Wld
Preparing… pic.twitter.com/XK9o7zDt6x
— FLASH (@THEFLASHTRADING) May 3, 2024
In the near term, Worldcoin is likely to recover in tandem with the rest of the market, which appears to be regaining some momentum after taking a hit earlier this week.
This was largely because of fears that the Fed might even raise rates during its FOMC this week, yet in the end the central bank kept its funds rate where it was, while also announcing that it would be softening its quantitative tightening policy.
This has seemed to calm investors, leaving the cryptocurrency market – and Worldcoin
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