Worldcoin (WLD) has captured attention in the cryptocurrency market with its impressive bullish momentum, driven by increased smart money accumulation and a broader altcoin market favoring its rise. These factors set the stage for further price gains in the near term.
Smart Money Push for Higher Prices
Since the start of the year, WLD’s Smart Money Index (SMI) has shown a consistent upward trend, highlighting increased buying activity by experienced and institutional investors. As of now, the SMI sits at 1.91, reflecting a 36% rise since December 31. This metric tracks market behavior during the first and last hours of trading, with an increase signaling heightened investor confidence and potential for price growth.
When the SMI rises, it suggests a growing accumulation among seasoned investors, who typically have a deeper understanding of market dynamics. This aligns with the recent positive sentiment surrounding Worldcoin, indicating that institutional investors are betting on the token’s future performance.
Market-Wide Accumulation Drives Bullish Rally
In addition to the rising SMI, WLD’s daily active address (DAA) divergence reveals further bullish momentum. Currently, the DAA divergence stands at 52.73%, reflecting a solid uptick in market-wide accumulation. A price rally paired with a positive DAA divergence signals growing interest in the asset, increasing the likelihood of further price appreciation.
WLD Price Prediction: Aiming for $3.25
Looking at the technical chart, WLD currently faces resistance at $2.67. Should the bullish momentum continue, the token could break through this level and push toward $3.25. However, if selling pressure returns, the price could drop to support levels around $2.31. A further decline below this mark would suggest a deeper pullback, potentially reaching $2.01.
With strong institutional backing and increasing market activity, Worldcoin (WLD) is poised for potential price gains in the near future.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Worldcoin (WLD) Braces for Impact: Token Unlock Sparks Volatility Fears Amid Bullish Momentum
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