Why Did Worldcoin’s Price Surge 20% in Just One Day?

Worldcoin price surges thanks to altseason

Amid the ongoing altseason, Worldcoin price has recorded a significant increase, driven by bullish patterns and strong technical indicators. The increased trading volume further reinforces this trend, opening up prospects for further growth in the coming days.

Altseason has created a favorable environment for Worldcoin to surge, with the price up 20% from its recent low of $2.25, currently at $2.90. According to analysts, the surge reflects growing interest in altcoins as market conditions become more positive.

This period has seen altcoins attract strong investment capital, often outperforming Bitcoin. A chart shared by experts highlights the breakout of the total altcoin market capitalization (excluding Bitcoin) from a long-term resistance level, marking the beginning of a new bull cycle.

This chart clearly shows a breakout from a long-term accumulation pattern, supported by a significant increase in trading volume in the altcoin market. History has shown that altseason breakouts are often the beginning of strong altcoin growth. The current cycle seems to be no exception, with Worldcoin showing close synchronization with the general market trend.

Worldcoin Price Sees Strong Growth Thanks to “Cup and Handle” Pattern

Worldcoin (WLD)’s rally continues to be reinforced by the “Cup and Handle” pattern – a positive signal for a long-term bull trend. As altcoins regain their position in the altseason, Worldcoin stands out as a key factor driving the market recovery.

Technical analysis has spotted a clear Cup and Handle pattern on the Worldcoin price chart. This is a bullish structure, with a rounded U-shaped cup followed by a shorter consolidation phase, indicating preparation for a breakout.

According to the analysis, the breakout point for Worldcoin is in the range of $2.60 – $2.65. Once this resistance is broken, WLD could enter a strong rally, with forecasted price targets of $11.97 and $20.04. In the most optimistic scenario, the price could reach $40.24.

In addition, the current market structure shows that $1.70 is strong support, while key resistance levels include $2.60 at the handle and $4.78 – the previous high. These milestones will play a key role in determining the short-term trend of WLD.

Growing Market Interest

The trading volume trend shows growing interest from investors as WLD approaches the $2.60 resistance level. Meanwhile, the bullish outlook was further reinforced when Worldcoin expanded its ID verification service to over 40 countries, including Costa Rica, Poland, and Austria, boosting the price by 28%.

In the past 24 hours, WLD price increased by 21%, from $2.45 to $2.98. The market capitalization increased by 22% to $2.10 billion, while the trading volume jumped by 119% to $1 billion. These numbers reflect a strong rebound amid the ongoing altseason.