Worldcoin (WLD) Price Prediction: $2.47 Next?

The price of Worldcoin (WLD) has been steadily rising recently, back to the $2 zone. Even with the recent spike, many of its holders are still facing losses.

Worldcoin (WLD) has seen a 7-day price increase of 8.12%, but still about 71% of holders lost money. This suggests that despite the recent price surge, the majority of WLD investors purchased the token at a higher price.

To understand this better, a historical break-even price chart is a vital tool. It shows the price point at which most holders purchased a token, providing insight into how many are currently profiting, breaking even, or losing money. Currently, only 23% of holders are making a profit and about 6% are breaking even, meaning the vast majority of holders are still losing money.

This may mean that these holders who are currently losing money may be reluctant to sell their tokens in the future because they may expect the price to rise further.

If this sentiment persists, the likelihood of a strong sell-off in the coming days becomes less likely, easing selling pressure. This could create a bullish environment for WLD. This is because lower seller activity combined with stable or growing demand can push prices higher.

Worldcoin’s social media popularity surges

WLD’s 7-day moving average social dominance currently stands at 0.30%, a significant increase from 0.021% on October 3. The Social Dominance 7-day moving average measures the percentage of all social media mentions a specific asset received over a rolling 7-day period.

It provides a broader perspective on how much attention the coin is receiving across the market. Historically, when WLD’s social dominance has increased, its price has followed a similar upward trend.

Last week’s major funding announcement from OpenAI created a wave of interest in the broader field of AI, and specifically in WLD, as Sam Altman (OpenAI co-founder) was involved in both projects. As a result, WLD has received increasing attention on social media. If WLD continues to attract public interest and its social dominance continues to grow, this surge in popularity could be the catalyst for its price to continue rising.

Strong performance in social discussions is often associated with increased trading activity, and as momentum builds, WLD may be able to sustain its current uptrend.

WLD Price Prediction: Is $2.47 Next?

Currently, WLD’s EMA (Exponential Moving Average) lines look positive, with all short-term EMAs above the long-term EMAs. On October 6, these lines formed a golden cross, a technical indicator that occurs when a short-term moving average crosses above a longer-term moving average, indicating the potential for a strong uptrend.

The EMA lines themselves are used in technical analysis to smooth price data, give greater weight to recent prices, and help traders identify trends more clearly. As the distance between the short-term and long-term EMA lines continues to grow, it indicates that the current uptrend may strengthen further.

If this upward movement continues, then WLD will test resistance at $2.18 next. A break above this level could see WLD climb to $2.47, its highest price since July 2024. This represents a potential increase of 23.5% from current levels.

However, if the trend reverses, then WLD has established support at $1.59, $1.51, and $1.38, implying a potential drawdown of up to 31%.

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