Worldcoin (WLD) Price Prediction 2024-2025: WLD Unlikely to Fall Below $1.5 This Year

Despite a modest retracement of 2.38% in the last 24 hours, Worldcoin [WLD] has showcased strong performance over the past month, accumulating a total gain of 27.86% during this period.

Worldcoin [WLD] price displayed a promising 27.86% gain over the past month, despite a modest retracement of 2.38% in the last 24 hours.

Such an extended period of upward movement, followed by a minor price correction, usually indicates a market consolidation or retracement phase. In the case of WLD, this pattern suggested the coin was preparing to continue its upward trajectory.

Retracement into demand zone

WLD’s recent downward movement, or retracement, brought it back into a key demand zone. This area is typically characterized by a concentration of buy orders, indicating that market participants are inclined to purchase at these levels.

Confirmation of this demand zone’s bullish impact will be observed once WLD’s price surpasses the current lower high on the 4-hour 4-hour at 2.112.

Upon achieving this, WLD could be set to reach a mid-level target of $2.4, potentially continuing its upward trend to reach $3.0.

Source: TradingView

On the other hand, trading below this demand zone would put WLD’s position at risk, potentially leading to a decline toward 1.511, with additional selling pressure possibly driving it to its lowest point in 2024.

Unlikely that WLD will fall

According to AMBCrypto’s analysis using the Chaikin Money Flow (CMF) and the Relative Strength Index (RSI), WLD showed bullish signals that could lead to further price increases as the market session progressed.

The Chaikin Money Flow had reversed its direction, now trending upward after reaching a historical support trend line. This shift indicated bullish market sentiment, with traders increasingly funneling liquidity into WLD tokens.

Source: TradingView

RSI, which measures market strength and potential direction, followed a similar pattern. The RSI had bounced back from a support line and pivoted upwards, reinforcing the bullish outlook.

Considering these positive indicators and WLD’s position in a major demand zone, there was a high probability that its price would continue to ascend.

This could lead to a potential surge

According to Coinglass, the Exchange NetFlow for WLD was negative in the last 24 hours and even more so over a 7-day period.

This trend indicated growing confidence among WLD holders, suggesting a bullish outlook as they chose to keep their holdings off exchanges.

Precisely, $1.97 million was withdrawn from exchanges in the last day alone, with a total of $7.71 million being pulled from the market over the last week.

Source: Coinglass

These significant outflows contributed to the increasing anticipation of a WLD rally. If this trend of withdrawals continued, it was likely that WLD would experience further price increases.

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