Worldcoin forecast: All traffic lights show green: 60 percent course of the course possible
- Worldcoin rose by 180%of its April low, powered by $ 135 million of new funds from institutions.
- WLD is very successful in Asia, and the technical data indicates the price increase of up to $ 2.5.
On May 23, Worldcoin recorded a dramatic increase in Asian trade and reached a daily high of $ 1.63 – an increase of 31% within a single session. This steep climb marks a breathtaking 180% recovery from the April low level, heated by renewed market optimism and institutional support. Increasing sales and technical indicators indicate a new trust in investors in the dynamics of the project. Supported by new funds and increasing acceptance, Worldcoin seems to be entering a new growth phase.
135 million dollars financing stir up the optimism of the investors
According to an update on May 21, the Worldcoin Foundation has raised $ 135 million for the development of its Iris scan-based identity protocol World ID. The high-ranking crypto investors Andreessen Horowitz and Bain Capital Crypto bought token at a market price. This has given the project liquidity and institutional credibility.
The capital injection is considered the main reason for the recent outbreak. Coinglass data shows that CASA sales have risen by 160% to $ 1.3 billion, while this has increased derivative volume by 208% to 2.69 billion. The open interest also rose by 48% to $ 427 million, which indicates new market engagement and continuing dynamics.
World ID is gaining tensile force worldwide, especially in Asia. As CNF reported, Singapore has over 100,000 users, Japan and South Korea, each had over 10,000 new customers in April, and the protocol has spread greatly in Thailand, Indonesia, Malaysia and the Philippines.
Technical outbreak corresponds to on-chain activity
The course development is positive. On the 1-day chart of USDT, WLD broke out over the upper trend line of an increasing wedge, which usually means return. But this time it’s an upward trend. WLD lies above the 50-day SMA and recently turned the 200-dayema over to support.
The technical indicators support the upward trend. The convergence and divergence of the sliding average (MACD) has increased, and the metrics on the chain show active addresses every day and a large accumulation of owners. Analysts see a cup and handle formation with a base at $ 0.58 and a neck resistance at $ 2.50.
According to analysts, WLD could reach a price of $ 2.50, if this formation completes and breaks out, more than 60% above the current level. The 78.6% Fibonacci retracement at $ 3 is another goal. Several analysts predict that WLD will reach $ 2.20- $ 2.50 by June or July if the dynamic continues.
But be careful: the RSI approaches the overbought area, which indicates a possible short -term consolidation or correction. If the course falls under the 200-dayema at $ 1.479, the next support is $ 0.97, close to the 200-day SMA.
The price movement of WorldCoin, supported by institutional financing and growing user acceptance, signals a potentially decisive phase in its development.
At the editorial deadline, the WLD course was $ 1.46 and has increased by 15.23% in the last 24 hours.
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