Worldcoin price will return to $6 this week?

Will Worldcoin price return to $6 this week?

Worldcoin's price is one of the most followed in the cryptocurrency world and investors are wondering if it will return to $6. This is a difficult question to answer, considering the difficult situation in which this project finds itself. Since it went on the market, this eye data collection firm has faced problems with the authorities.

Regulators in different countries around the world apply strong pressure against the project and in many cases banned it. The most recent of these episodes was in Hong Kong. However, these problems are not a reason for the project to stop its expansion.

As recently announced, Worldcoin already has an official presence in Colombia. In this way, the pressure, added to the desire for expansion, causes the price of the WLD token to change constantly. Despite this, so far the outlook is for it to remain stagnant or in a downward trend.

Since the currency reached its all-time highs ($11.71) in March, its decline has become dramatic. Currently, its price is 59.21% below those highs. Despite this, not everything is pessimism and there are some technical analyzes that do not rule out an important rally this week.

Worldcoin price struggles to recover $5 per coin.

Worldcoin price struggles to recover $5 per coin. Source: CoinMarketCap

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Possible Worldcoin (WLD) price this week

According to various technical indicators, the price of Worldcoin coin (WLD) will return to $6 this week. The latter is what is assumed from the technical analysis of the CoinCodex portal. In fact, their predictions suggest that $6 per token will be reached next Wednesday, June 5, amid a 30% rise from the current point.

The same portal projects that by Friday the currency will exceed $7 dollars. It is worth highlighting that these forecasts