Worldcoin hits its highest price in almost a monthThe WLD token may have reached the end of its downward correction but it still faces strong resistance to continue rising.
WLD's tokenomics are one of the main negative points for its price. WLD is 85% below its all-time high, above $10.
The Worldcoin (WLD) token, known for its identity verification system based on biometric data scanning, has reached its highest price in almost a month, consolidating a 20% increase in the last seven days.
This surge in its price has taken the price of WLD from $1.42 to $1.74. Such growth, however, is far from its all-time high. It is still 85% below its peak of $11.82 recorded six months ago.
However, WLD's recovery has brought it back to 79th place in terms of market capitalization, up from 93rd place, which it occupied just two weeks ago. WLD now has a current market cap of $792 million.
The increase in WLD's price has been mainly favored by the bullish trend of bitcoin (BTC), which has boosted several altcoins.
The following TradingView chart shows the behavior that WLD has had in the market throughout its history.
The red line shows a strong historical resistance below $2. A resistance can be defined as an invisible barrier that the cryptocurrency has tried to break several times on the upside without success. Due to market psychology, these levels are formed in the price of financial assets, as explained in the (educational section ).
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