Worldcoin (WLD) Price Prediction 2023

After peaking around $12 on March 10, Worldcoin (WLD) faced a sharp decline before finding support and moving into a prolonged correction phase.

After peaking at around $12 on March 10, Worldcoin (WLD) faced a sharp decline, dropping 69% to $3.73 by April 13. The price experienced a brief recovery, closing at $4.40 on April 13.

This downturn was part of a prolonged correction phase, indicated by the ascending channel on the price chart.

The recent consolidation and horizontal trading range suggest that WLD may be entering a new bullish phase.

Positive indicators, including a U-shaped bottom and improving RSI, point toward a potential breakout, although a confirmed trend is yet to be established.Worldcoin Price AnalysisAfter reaching a peak of around $12 on March 10, WLD experienced a sharp decline.

The price dropped 69% to $3.73 by April 13, where it began to recover, closing the day at $4.40.

The price moved within an ascending channel, indicating a prolonged correction phase.

After hitting a high of $6.50 on May 5, WLD entered another downtrend, returning to the levels where the initial price surge started.

By Sept. 6, WLD settled at the $1.32 level, entering a horizontal trading range.

This movement potentially concluded an ABC corrective pattern since its all-time high, suggesting a new bullish phase may be on the horizon.

The daily Relative Strength Index (RSI) showed positive signs, with WLD gaining 27% from its recent low.

A breakout above the horizontal range could signal the start of a new rally, although confirmation is needed to rule out a potential rejection and further decline.

We saw an attempt, but the price entered the horizontal range again and is now peaking above it. We will see if this momentum persists or if it faces another reversion.Worldcoin Price PredictionIf the upward momentum continues, reaching a higher high, around $2.30 would indicate a strong breakout and increase the likelihood of a new bull phase.

A developing uptrend that extends slightly higher could signal the end of wave five.

A U-shaped bottom has formed, indicating a potential support level of around $1.30. The strongest confirmation will come from a completed five-wave pattern, after which we will need to see the horizontal range at the upper level supporting the retest.

On the other hand, the 35% rise from Oct. 3 could be a corrective increase, ending with a lower high. We could see WLD falling again, potentially to $1.30.

So, in both cases, whether or not WLD has another higher high, we expect a larger descending move as its first correction in a starting bull phase. We will see how likely WLD will continue its upward trajectory from its depth and momentum.