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Cryptocurrency News Articles

Worldcoin (WLD) Price Prediction: Can It Rise Above $3 Again?

Jan 23, 2025 at 09:30 am

Worldcoin (WLD) price has jumped 19% following Donald Trump's announcement of a $500 billion investment in AI infrastructure. This surge has reignited interest in WLD

Worldcoin (WLD) Price Prediction: Can It Rise Above $3 Again?

Worldcoin (WLD) price surged nearly 19% in the past 24 hours following Donald Trump’s announcement of a $500 billion investment in AI infrastructure. This news comes as no surprise, given Sam Altman’s prominent involvement in both Worldcoin and OpenAI. The surge in interest has pushed WLD closer to a potential golden cross on its EMA lines, a bullish signal for further gains.

If momentum continues, WLD could test key resistance levels at $2.41 and $2.83, with the possibility of surpassing $3.16, a milestone not seen since December 2024. However, caution remains as indicators like BBTrend and Smart Money movements suggest the rally may face challenges in sustaining its strength.

Smart Money Holding WLD Just Reached an All-Time Low

Notably, the number of smart wallets holding WLD reached an all-time high of 43 on November 14, collectively holding 183 million WLD. However, this number has been in steady decline, with the current count at an all-time low of 26.

Multicoin Capital alone holds approximately 94 million WLD, reflecting a significant concentration among fewer wallets. This decline in the number of smart wallets suggests a shift in distribution dynamics and potential changes in market behavior surrounding WLD.

Tracking smart money is crucial, as it often belongs to institutional investors or high-net-worth individuals who can significantly influence market trends.

The current all-time low in smart wallet holdings, despite Worldcoin price surge, could indicate reduced confidence among large holders or a reallocation of funds to other AI-related coins such as VIRTUAL, TAO, and RENDER and other ecosystems such as Solana.

WLD BBTrend Shows Positive Momentum

Worldcoin BBTrend is currently at 1.8, marking its highest level in three days. BBTrend, a Bollinger Bands-based indicator, measures trend strength and direction. A rising BBTrend suggests increasing momentum, while higher values typically indicate stronger bullish trends.

Although WLD’s BBTrend is climbing, it remains significantly below last week’s peak of 6.5, reflecting reduced momentum compared to the prior rally.

The current BBTrend at 1.8 signals a positive but subdued trend for Worldcoin. While the price action suggests some recovery, the relatively low BBTrend level compared to last week highlights that the bullish momentum has not fully returned.

This could indicate a cautious market, with WLD needing stronger upward momentum to revisit prior highs or sustain a strong uptrend.

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Other articles published on Jan 23, 2025