- Michael van de Poppe predicted WLD could reach $2.50 if it remains above $2.32.
- At press time, WLD was trading at $2.39 after its price increased by 3+% over the past day.
- WLD has been in a consolidation phase between $2.036 and $2.556 over the past few days.
Worldcoin’s (WLD) upward trend was pointed out by the renowned cryptocurrency trader and analyst, Michael van de Poppe, in a tweet posted earlier today. It is also worth noting that WLD earned a spot on CoinMarketCap’s trending list after its price rose by more than 3% over the past 24 hours.
Van de Poppe predicted that as long as WLD can stay above $2.32, a price rise to $2.50 could be in the altcoin’s grasp in the near future. At press time, WLD was worth about $2.39, which meant that the target set by van de Poppe was still a possibility.
WLD’s latest success allowed it to strengthen against both market leaders, Bitcoin (BTC) and Ethereum (ETH), by about 1.41% and 1.91% respectively over the past day of trading. This meant that 1 WLD was worth 0.00008109 BTC and 0.001287 ETH.
Over the longer term, WLD’s performance was also looking good as it was up by 1.55% over the past seven days. Additionally, the altcoin was up by more than 40% over the past month.
WLD has been in a consolidation phase between $2.036 and $2.556 over the past few days. At press time, traders were attempting to challenge the upper limit of this channel. If WLD is rejected by this level, then it may once again decline towards $2.036 in the next 24 hours. Continued sell pressure could also push the altcoin’s price down to $1.841.
On the other hand, WLD breaking above $2.556 and closing a 4-hour candle above this mark will clear a way for it to rise towards its all-time high at $3.58 in the following few weeks. Investors and traders will just want to practise caution during this time as bears may look to sell at any point between $2.556 and $3.58.
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