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Home»ALTCOIN NEWS»Worldcoin surpasses ATH. Is it time to rise above $13.30?
ALTCOIN NEWS

Worldcoin surpasses ATH. Is it time to rise above $13.30?

By Crypto FlexsMarch 9, 20243 Mins Read
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Worldcoin surpasses ATH.  Is it time to rise above .30?
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  • Worldcoin hit a new all-time high, sparking bullish euphoria.
  • Some short-term price volatility is expected before profits are realized.

Worldcoin (WLD) met the predictions of the AMBCrypto report in the last week of February, reaching $10 and thereby setting a new ATH.

At press time, the next target was just above $11, but Fibonacci extension levels showed the price could go much higher than that.

Technical analysis shows that the uptrend was so strong that WLD’s downtrend from a week ago was cut short. Buyers were eager and confident, reinforcing the idea that prices would rise.

Divergences and pullbacks were part of an upward trend.

World Coin daily chart

Source: WLD/USDT on TradingView

Fibonacci retracement and extension levels (light yellow) show that WLD has surpassed the local high of $9.45 after retracement 50% at $5.8 a few days ago.

This decline occurred after a one-day bearish divergence (orange) was seen between the WLD price and the RSI momentum indicator.

Further south, there was a strong demand zone in the $4 area with a bullish blocking block (turquoise) and a confluence of the fair value gap (white).

The fact that the WLD bulls did not wait until now to head back south was a powerful assertion of their overwhelming power.

It is expected to reach $13.30 soon, but 61.8% and 100% expansion levels of $13.96 and $16.74 are also targets for the coming days and weeks.

Buy liquidation levels are greater than sell positions

WLD High Block Liquidation LevelWLD High Block Liquidation Level

Source: Hiblock

AMBCrypto’s liquidation level analysis shows that the cumulative liquidation level delta over the past 6 hours is heavily in favor of the bulls.

This is accompanied by a rapid surge in price, indicating that speculators are taking long positions to profit from this movement.

The next major liquidation level is estimated to be in the $11.04-$11.09 region, which would result in liquidation of approximately $14 million in short positions if WLD price tests that level.


Is your portfolio green? Check out the WLD Profit Calculator


Meanwhile, if the price falls to $9.77, $10 million worth of highly leveraged long positions will be liquidated.

This raises the possibility of near-term volatility before the token’s value rises above $13.30.

Disclaimer: The information presented does not constitute financial, investment, trading or any other type of advice and is solely the opinion of the author.

Previous: If this prediction comes true, DOGE price could reach $1 in April.

Next: How are these guys looking to profit as Bitcoin halving approaches?

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