Worldcoin (WLD) price revisited the weekly support level on Thursday and bounced 9% from the support level to trade up 3.5% at $2.379 at the time of writing.
Worldcoin price finds support and bounces 9% from the weekly support level around $2.183. Technical analysis shows that WLD has formed a bullish divergence on a momentum indicator. A daily candlestick close below $2.145 would invalidate the bullish thesis. Worldcoin price revisited the weekly support level on Thursday and bounced 9% from the support level to trade up 3.5% at $2.379 at the time of writing.
This development is termed a bullish divergence and often leads to the reversal of the trend or a short-term rally. If the $2.183 level holds, WLD could rally 17% from its current trading price of $2.379 to tag $2.799. This is the 61.8% price retracement level drawn from a swing high of $3.203 on June 20 to a swing low of $2.145 on July 3. This level roughly coincides with the daily resistance level of $2.797. Moreover, if WLD closes above $2.
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