Worldcoin (WLD) Price Prediction 2023-2026: Can WLD Recover from the Dip?

Over the past three days, Worldcoin [WLD] has experienced a strong upswing. Over this period, WLD has surged from a low of $2.01 to a high of $3.04.

Over the last three days, a notable price upswing was observed in Worldcoin [WLD]. During this period, WLD has surged from a low of $2.01 to reach a high of $3.04.

In fact, at the time of writing, Worldcoin was trading at $2.28. This noted an 8.15% increase over the last 24 hours. This bullish trend extended on the weekly charts as well, hiking by 3.13%.

Prior to this, WLD had been on a downtrend, dipping by 32.08% on the monthly charts.

However, despite the recent price uptick, the altcoin still remained around 80.93% down from its all-time high of $11.82 that was recorded 10 months ago.

This dip created a buying opportunity, allowing investors to enter the market at lower prices. And so, the recent price pump was being driven mainly by increased buying activity.

In this line of thought, another buying signal was observed by popular crypto analyst Ali Martinez.

Market sentiment

In his analysis, Martinez observed that the TD Sequential indicator had presented a buy signal on the daily charts.

When TD sequential presents a buy signal, it indicates a potential reversal. And with the recent price dip attracting more buyers, the altcoin could see higher buying pressure, facilitating a price rebound.

What the WLD charts said

According to AMBCrypto’s analysis, Worldcoin saw a strong momentum build-up to the upside amid bullish sentiment.

This momentum was visible in the altcoin’s MACD, which was closing in on making a bullish crossover. As and when this crossover takes place, it will further confirm the strengthening momentum to the upside.

The bullishness was further evidenced by the rising Advance Decline Ratio (ADR), which has crossed 1 to reach 1.56.

Now, when this is greater than 1, it implies that WLD is experiencing more gains than losses, signaling a potential broad-based rally.

Looking further, Worldcoin’s Open Interest per Exchange increased over the last week from $110 million to reach $122 million.

When Open Interest rises, it implies that new buyers are entering the market to drive prices higher as strong bullish sentiments amplify.

Finally, Worldcoin’s price DAA divergence remained positive over the last week, suggesting that there were increased active users.

As such, network activity and overall fundamentals are strengthening, which may reflect on the prices. Usually, investors observe this as a key indicator for a potential rally.