Worldcoin (WLD) has experienced a notable rally, increasing by 20% in the past 24 hours and reaching a five-month high near $4. This surge is driven by new growth initiatives and heightened adoption, indicating a continued upward trajectory for the altcoin.
A key factor in Worldcoin's rise is the positive divergence in the Price DAA (Daily Active Addresses) indicator, which signals increased user activity and higher demand. The launch of the World ID passport credential system in Chile, Colombia, Malaysia, and South Korea has further boosted demand and user participation.
Active addresses for Worldcoin are at a six-month peak, suggesting growing investor interest. The new World ID system, gaining traction in new markets, has driven a strong foundation for continued growth as demand for WLD’s services rises.
The surge in participation indicates a bullish market sentiment, and the recent price gains suggest WLD could pursue higher targets. If support at $3.36 remains strong, there’s potential for WLD to reach the $4.00 resistance level, signaling further appreciation.
Positive sentiment supported by expanding adoption presents opportunities for WLD in the coming weeks. However, losing support at $3.36 could lead to a decline to $2.78, invalidating the bullish outlook.
