Worldcoin's WLD Token Surges 54% in Three Days, Retesting $2 Resistance

Worldcoin’s WLD token surged for a third consecutive day, climbing 54% from its August low, following the project’s expansion into three additional countries.

Worldcoin’s (CRYPTO: WLD) native token surged for a third consecutive day, rising 54% from its August low as the project expands into three more countries.

What Happened: The WLD token reached its highest level since August 2, retesting a key resistance point at $2.

Co-founded by OpenAI CEO Sam Altman, Worldcoin is rapidly expanding after making its service available in Argentina, Chile, Austria, Mexico, and the United States.

World ID verifications have crossed 6.7 million, with 155,000 new accounts being registered in the past week alone, the company said.

The platform has seen a sharp increase in wallet activity with the total number of transactions rising to 142 million and daily wallet interactions reaching close to 400,000.

Worldcoin is also working on launching “World Chain,” an Ethereum layer-2 network designed to reduce gas fees and improve scalability.

The new chain will integrate World ID data to help combat automated bot activity and further incentivize participation by giving verified users a share of the gas fees generated by the network.

Despite its rapid growth, Worldcoin has faced scrutiny from policymakers over data privacy issues, with the company encountering obstacles in regions like Kenya.

Worldcoin registrations were temporarily paused in the country due to privacy concerns, as were registrations in Hong Kong and Portugal, highlighting ongoing debates about the use and security of biometric data.

WLD Price Action: WLD’s price recovered from strong support at $1.3245, forming a double-bottom pattern on the daily chart.

Technical indicators suggest a continuation of upward momentum with the Relative Strength Index (RSI) reaching the overbought territory of 70 and the Average Directional Index (ADX) indicating further gains.

The next resistance level to watch is $3.25, a key price point from July.

The performance of WLD may also depend on broader cryptocurrency market trends, especially Bitcoin’s (CRYPTO: BTC) trajectory.

Should Bitcoin make a move to new highs, analysts expect altcoins like WLD to follow suit.