The Worldcoin experienced a massive influx of volume in the past few hours, which helped the price to begin the weekly trade with a massive rise of over 15%. The volume soared from around $175 million to as high as $350 million. Worldcoin recently partnered with DUNE, intending to improve data accessibility over its platform, World Chain. This may have turned the market participants optimistic about the next price action and hence the WLD prices are believed to remain inflated for the rest of the week.
Ever since the price faced a giant pullback of over 80%, the bulls were constantly trying to validate a rebound from the lows. However, by breaking above the pivotal range around $2, the token has validated a rise above bearish influence. Therefore, the WLD prices are now believed to maintain a strong ascending trend for the next couple of days and eventually end up achieving the first target at $3.
As seen in the above chart, the WLD price has initiated a parabolic recovery as the curve has offered a strong base as support. Besides, the RSI remains restricted within a rising parallel channel and hence a rise within the overbought zone may elevate the levels close to the immediate next target at $3. However, the supertrend has just tuned bullish, validating the bullish narrative.
The volume over the platform remains relatively high and hence a notable rise in the volatility may be expected. With this, the price levels may also rise finely, which could further trigger a 30% rise to reach $3. The Worldcoin (WLD) price is currently testing the pivotal resistance of $2.3778 and a rise above $2.38 to $2.4 may revamp a strong ascending trend towards the target.
