- Worldcoin (WLD) increased by 124 percent in a week, and the gains stabilized around the key resistance at $2.02.
- WLD did better in comparison with Bitcoin and Ethereum, rising more than 54 percent in comparison with the two majors.
- The exceptionally strong support at $1.19 still offers a major floor continuing to drive the bullish trend.
The Worldcoin coin (WLD) has registered one of its best weekly performances, and this saw the coin increase over 124% in only seven days. WLD is currently trading at $1.97 and consolidates its fast gains after a strong upward increase that gave the token several barriers. The sharp rally has drawn the market interest because the price action is currently hovering around a critical resistance level of about $2.02 which might decide whether the move can be sustained.
The scale of the WLD rally is highlighted by steady momentum throughout trading sessions. Notably, the token has maintained a strong position at the level of $1.19 that remains a critical support area. Such level has proved to offer a floor whenever one experiences retracement phases, deep pullbacks are avoided and buyers are fully confident to push up further.
The outlook above this critical location has played a critical role in enabling the recent extension to existing price levels. The breakout on the seven day chart is very evident and this supports the sustained buying interest behind the rally
WLD Strengthens Across Pairs Near Key Levels
Beyond its U.S. dollar valuation, WLD has delivered notable outperformance against leading cryptocurrencies. The token is valued at 0.00001742 BTC, a 54.9 per cent increase over Bitcoin. Equally, in comparison with Ethereum, WLD transacts at a price of 0.0004515 ETH, which is a 54.6 percent growth.
These figures underscore the fact that the momentum is wide based and not restricted to dollar-based movements. The simultaneous strength against major digital assets adds credibility to the trend, underscoring widespread demand during the week.
In the near term, WLD’s price structure is defined by support at $1.19 and overhead resistance at $2.02. The token has been active in this band, and market players are on the lookout with price touching the upper limit. The 24-hour range is indicative of both increased volatility, as well as tightening around resistance, which tends to occur in the event of a breakout situation.
The issue of whether WLD can go beyond the resistance or go back to support will be central to its further course. With strong momentum, cross-asset strength, and clearly defined levels, WLD remains one of the week’s most closely watched tokens, with traders eyeing whether it can sustain its remarkable breakout.
