Worldcoin Prediction: Is it possible for WLD to rise by 50% from the current level?

The situation in the cryptoverse is becoming increasingly complex with respect to price predictions. Volatility and uncertainty seem to be the dominant forces in the market in recent days. In this context, some currencies do better than others. For this work, we focus on the technical analysis of the Worldcoin WLD token. 

Worldcoin (WLD) Technical Analysis

In the following lines, we review some elements of the technical analysis of Worldcoin from the CoinCodex portal. In advance, we can say that the outlook is not good for investors of this digital currency. Thus, this portal applies a total of 28 technical indicators, of which 24 point towards a downward trend in price and only 4 suggest an increase. 

During the last 30 days, only 10 have positive closures, which is equivalent to a regular 33%. Likewise, regarding the 50-day SMA in the short term, it points to a fairly positive outcome considering the rest of the indicators. Thus, it shows a return to $5. 

The RSI shows a score of 21.60, indicating that the coin is in an oversold position. It should be remembered that this score expresses that 30 points or less is oversold, while 70 or more is overbought. 

Year-on-year behavior of the WLD price. Source: CoinMarketCap

On the other hand, in the market confidence index of the same portal, investors show overwhelming pessimism. Consequently, only 14% expect the currency to rise, while 86% have bearish expectations.

Market sentiment index regarding WLD. Source: CoinCodex

WLD Price Prediction

Trusting that CoinCodex's dWorldcoin (WLD) analysis data holds true, it can be said that the token is in a good position for cheap purchase. However, it should be taken into account that these forecasts are made based on historical behavior.