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Worldcoin (WLD) Breaks Out of Descending Channel as Bulls Target $4 Beincrypto 29 nov 2024

Worldcoin (WLD) Breaks Out of Descending Channel as Bulls Target $4 📈

Worldcoin (WLD) recently experienced a 10% rise in value, now standing at $2.90, making it one of the leading altcoins. This increase could signal a broader upward trend.

WLD broke out of a descending triangle pattern—typically bearish—suggesting a bullish momentum. Increased trading volume enhances this potential for further rises in WLD’s price.

Additional metrics, like the 20- and 5-period EMAs, suggest this trend may continue. If Worldcoin maintains this path, its price could rise above $4 and even reach $5.10.

Nonetheless, a drop below the EMAs might see its value decrease to $2.07, highlighting potential risks of price reversal.

Fonte: beincrypto.com ↗

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