WLD Price Targets $1.22 as Worldcoin Expands to 6 Major US Cities

WLD is up 19% this week as investor interest surges with ecosystem developments. After a 4.5% intraday dip to $1.03 yesterday...

Quick overview

  • WLD has surged 19% this week due to increased investor interest and ecosystem developments.
  • Worldcoin launched the World ID biometric identity protocol in six major US cities, enhancing its real-world use case.
  • The upcoming Coinbase listing and the new DeFi feature 'Morpho Mini' are expected to boost WLD's exposure and adoption.
  • Technical analysis indicates that WLD needs to break above $1.07 to confirm further upward momentum.

WLD is up 19% this week as investor interest surges with ecosystem developments. After a 4.5% intraday dip to $1.03 yesterday, WLD is still looking strong.

Momentum is building after Worldcoin launched World ID in the US, a move that proves the project’s real world use case and puts it at the intersection of AI and crypto. With all the attention on social media and exchanges, analysts are waiting for a breakout.

World ID Now Live in Six US Cities

Worldcoin has rolled out World ID biometric identity protocol in six major US cities:

  • Atlanta

  • Austin

  • Los Angeles

  • Miami

  • Nashville

  • San Francisco

Users can now verify their identities with iris scans via “Orbs” powered by NVIDIA technology. These devices are deployed at World Spaces and retail partner locations like Razer, to increase accessibility and awareness across the US market.

This is a big milestone for Worldcoin’s US growth and is a bullish catalyst for WLD.

Coinbase Listing and DeFi Integrations Bring Exposure

Coinbase has confirmed WLD will be listed on the Optimism network, with phased trading for the WLD/USD pair once liquidity is met. Some jurisdictions may be restricted, but listing brings exposure to institutional and retail investors.

The World App’s new “Morpho Mini” feature also expands WLD’s use case, allowing users to lend, borrow and earn within the ecosystem – solidifying its place in the broader DeFi landscape.

Key Bullish Drivers:

  • Coinbase listing on Optimism

  • DeFi expansion with Morpho Mini

  • US World ID rollout to boost adoption

Technical Outlook: WLD/USDT Eyes $1.22 Resistance

WLD is recovering after bouncing from the $1.00 Fibonacci 0.5 level. The 50 SMA at $1.052 is short term support. Immediate resistance is at $1.066 (Fib 0.382) and $1.142 (Fib 0.236), with a clear path to $1.22 if momentum holds.But RSI is still below 50, so bearish divergence.

WLD Price Chart - Source: Tradingview
WLD Price Chart – Source: Tradingview

A clean break above $1.07 is needed to confirm. Failure to hold this level could see a retest of $1.00 or $0.945 (Fib 0.618).

Trade:

  • Buy Above: $1.07

  • Targets: $1.14 and $1.22

  • Stop-Loss: Below $1.00

Fundamentals are in place and technicals are strong, WLD looks good to go higher if resistance is broken.

ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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