12% Surge From #Worldcoin Means Traders Should Watch THESE Levels Now

Worldcoin Expects a “Golden Cross” – What Does This Mean for Traders?

Worldcoin’s price action over the past 24 hours has been remarkable, with the cryptocurrency up 12.05% to reach $2.43 at press time.

The aforementioned rally has caught traders’ attention as the altcoin has tested significant resistance zones. How the altcoin interacts with these levels could determine its price direction in the short and long term.

An analysis of the altcoin’s price action revealed bullish signals and potential hurdles that could influence its trajectory over the coming week.

Momentum and RSI suggest caution

Worldcoin’s relative strength index (RSI) stood at 65.05, just below the overbought territory. This implies that while Worldcoin has strong bullish momentum, it could exhaust it very soon.

Simply put, the crypto asset could be approaching a point where buying interest starts to wane. If the RSI rises above 70, it would indicate an overbought condition, which could lead to a pullback or consolidation in the short term.

Furthermore, Worldcoin’s price seemed to be approaching the upper limit of its Bollinger Bands, a sign of increased volatility. If the price becomes overextended, traders might need to watch out for signs of a pullback.

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