Worldcoin (WLD) has been making waves with its recent 5% increase in value, reaching a 30-day high of $2.55. This surge in price was largely driven by heightened smart money activity and positive market sentiment towards the altcoin.
Smart Money Index (SMI), which monitors the actions of savvy investors, rose substantially, indicating more investments in WLD. Analysts point to this uptrend in SMI as a sign of increased confidence in its pricing prospects.
Further boosting its chances for growth, Worldcoin's daily active address (DAA) divergence also shows positive trends, suggesting that more traders are exchanging or holding the token.
There’s potential for the price to go beyond resistance at $2.67 and reach $3.25 if this bullish momentum continues. However, if selling pressure emerges, the token might fall to $2.31 and possibly drop further to $2.01 if that support level fails.
Overall, the market aligns with favorable expectations for Worldcoin, reflecting in its recent performance and future projections.
