Worldcoin (WLD) Shows Signs of Its Readiness to Trade Higher, Predicts Analyst Ali Martinez

Worldcoin [WLD], the native token of the open-source digital identification platform, has shown signs of its readiness to trade higher.

Worldcoin (WLD) Might Trade Higher, Here’s Why

output: Worldcoin (WLD) Might Trade Higher, Here's Why: A crypto analyst recently shared their thoughts on the possibility of Worldcoin (WLD) trading at a higher price.

According to the analyst, a buy signal was recently spotted on WLD’s 3-day chart by the Tom DeMark (TD) Sequential. This technical analysis tool is used to identify the exact period of trend exhaustion.

It does this by using a two-phase setup. One represents a 9-candlestick phase where it could spot a sell signal after prices have moved up. It established the other, using a 13-candlestick countdown.

In this case, it spots a buy signal after sellers are exhausted, and this was the case with Worldcoin.

At press time, WLD's price was trading at $2.52. This showed a 49.08% increase within the last 30 days.

Hence, the signal shown on the technical setup could be implying that the token might be set to say goodbye to some of these losses. If this happens, the price of Worldcoin could reach $30.5 as its first target.

Another metric that could help validate the price increase is the cryptocurrency’s correlation with Avalanche (AVAX). Recently, AMBCrypto covered why the price of AVAX could continue to increase.

If this is the case, then WLD might also do the same. Evidence of this can be seen in their correlation on the chain, which was 0.96.

This correlation matrix ranges from -1 to +1. When it is -1 or close to it, it means that two cryptocurrencies hardly move in the same direction.

However, when the matrix is close to the +1 reading, it implies a strong directional movement. Hence, seeing a price increase in AVAX and WLD is something that could happen in the short term.

Moreover, we also took a look at Worldcoin's social dominance. According to Santiment, Worldcoin's social dominance had jumped to 0.198%.

Social dominance shows the share of discussions in the media that refers to a particular asset or phrase. When it increases, it means discussions about the project had risen.

However, a decrease in the metric would mean that the conversations around an asset were falling. Historically, an increase in social dominance helps to create buzz that leads to higher demand.

This has, on previous occasions, led to a price increase for WLD. This time, it could be the same, and hence, the prediction to $3 or above might be in line. But market participants might want to watch out.

If discussions about Worldcoin get overheated, the social dominance might hit an extremely high level that marks a local top for the price, hinting at a likely correction.

However, if this does not happen, then WLD might be set to experience a notable rally in the coming weeks.output: Worldcoin (WLD) Might Trade Higher, Here's Why: A crypto analyst recently shared their thoughts on the possibility of Worldcoin (WLD) trading at a higher price.

According to the analyst, a buy signal was recently spotted on WLD’s 3-day chart by the Tom DeMark (TD) Sequential. This technical analysis tool is used to identify the exact period of trend exhaustion.

It does this by using a two-phase setup. One represents a 9-candlestick phase where it could spot a sell signal after prices have moved up. It established the other, using a 13-candlestick countdown.

In this case, it spots a buy signal after sellers are exhausted, and this was the case with Worldcoin.

At press time, WLD's price was trading at $2.52. This showed a 49.08% increase within the last 30 days.

Hence, the signal shown on the technical setup could be implying that the token might be set to say goodbye to some of these losses. If this happens, the price of Worldcoin could reach $30.5 as its first target.

Another metric that could help validate the price increase is the cryptocurrency’s correlation with Avalanche (AVAX). Recently, AMBCrypto covered why the price of AVAX could continue to increase.

If this is the case, then WLD might also do the same. Evidence of this can be seen in their correlation on the chain, which was 0.96.

This correlation matrix ranges from -1 to +1. When it is -1 or close to it, it means that two cryptocurrencies hardly move in the same direction.

However, when the matrix is close to the +1 reading, it implies a strong directional movement. Hence, seeing a price increase in AVAX and WLD

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