Worldcoin Price Prediction: 2024, 2025, 2030

WLD price prediction: Key highlights

1. Primary support and resistance levels

• In the daily chart, the lowest probable support can be expected around the $2.4 mark.
• Consecutively, the highest resistance was recorded at $8.7.

2. Market sentiment

• In May 2024, the overall market sentiment for WLD is seen to be bearish.

3. Predictive forecasts

• Our AI/ML predictive models have forecasted that WLD can touch an average value of $91.0 by 2027 and $792.2 by 2030.

Gain a deep understanding of WLD via a comprehensive daily technical analysis, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

WLD technical analysis: Asset likely to see new lows amid bearish grip

The Worldcoin price prediction for 2024 hinges significantly on its recent market performance, investor sentiment, and external factors like market volatility and potential technological updates.

The analysis period began on a high note, with WLD experiencing an uptrend that propelled it to a peak resistance of $8.7 in the latter half of March. 

As the calendar flipped to April, the momentum shifted dramatically, with bears dominating the market. The bearish influence was strong enough to push WLD down to the $6.6 level early in the month. Attempts by the bulls to drive a recovery were noted. Yet, these efforts failed to establish any lasting impact, leading to further declines.

By mid-April, WLD had decisively breached the $6.6 mark and continued its decline, reaching down to a critical low of $4.3. This represented the lowest support level that WLD tested during this period. 

Following this, WLD tested at the $5.1 mark, momentarily surpassing it in late April. This uptick was attributed to WorldCoin announcing the launch of its layer-2 solution, World Chain, as an attempt at improving the scalability and preference of humans over bots within the WLD network. 

An analysis by AMBCrypto hinted that any gains made in the short term might not be enough for the token to make a complete recovery. This proved to be true as the token was pulled back down by bearish forces. This led to the token revisiting the $4.3 level towards the end of the month.

Entering May, there was a renewed effort from the bulls to push the price upward. WLD managed to rise above the $5.1 threshold once again. However, this bullish momentum was not robust enough to maintain its trajectory. 

By mid-May, WLD succumbed once more to bearish trends, falling below the $5.1 level. At the time of writing, WLD was trading at $4.8.

Many critics argued that the sudden impact on WLD’s value was due to the regulatory scrutiny this token has been facing in several countries. According to CoinMarketCap, WLD witnessed a 6% depreciation in value over the past month alone. All these factors indicated a lack of interest among buyers.

If this decline continues, the token may fall below its lowest support level at $4.3 within the next few weeks. Furthermore, if the downtrend gains momentum, WLD may plunge lower and even touch $2.4, a level that has not been touched since February, in the upcoming months.

However, the upcoming launch of World Chain can inject optimism into the market. If this significant stride manages to captivate investor interest, WLD may surge higher to retouch the critical $5.1 level. If the bullish momentum picks up, WLD may revisit its peak $8.7 resistance by the next few months. Under a strong bullish influence, revisiting the $11.8 all-time high (ATH) value may also be on the cards for the token.

The long-term growth trajectory for WLD looks promising. Our AI/ML predictive models have forecasted that WLD can touch an average value of $91.0 by 2027. If newer developmental changes arise and the community comes up with unique use cases for the token, WLD may surge even higher to touch the $792.2 mark by 2030.

WLD's 2024 roadmap: Key indicators to watch and trade

• The trading volume was low at the onset of the analysis, and this decline continued until the first week of April.
• By mid-April, the trading volume began recovering and continued at this pace until the end of the analysis.
• The Relative Strength Index (RSI)  began from below the neutral line as the analysis began. Although it momentarily surpassed the neutral line again, the momentum was not sustained, and it fell below the neutral line by the end of March.
• As April commenced, the RSI continued its descent. After a minor dip below the 30 line by mid April, the RSI began recovering. By early May, it spiked above the neutral line for the second time.
• However, this momentum was not sustained, and the RSI plunged again. At the time of writing, it stood at 42.38. This indicated that the selling pressure had increased.
• The Chaikin Money Flow (CMF) stayed above the neutral line during the onset of the analysis. By the final week of March, it dropped below the zero line.
• By mid April, the CMF was at its lowest, standing at -0.26. However, by mid-month, the CMF showcased some recovery, and it surpassed the zero line by early May. 
• This surge was momentary, and in a few days, the CMF dipped below the neutral line again, standing at -0.11 at press time. This signified a persistent outflow of money from the asset.