Worldcoin (WLD) Surges to 3-Week-High, What’s the Next Target?

• Worldcoin (WLD) surges 20% to hit its 3-week high at $6.5.
• Trading volume of WLD has spiked 117% over the last 24 hours.

WLD, the native token of Sam Altman-led project Worldcoin, staged an impressive rally in the past 24 hours to hit its 3-week peak. The altcoin has surged over 21% from its intra-day low of $5.35 to a high of $6.50.

Seemingly, bullish cues have aligned for WLD. The daily price chart reveals the movement of the current price action above the 100-day simple moving average (100SMA), which is at $6.150. This highlights the alt’s uptrend.

At the time of writing, WLD traded at $6.32 with a 24-hour trading volume of $584 million. According to CoinMarketCap data, the total supply of 203 million WLD tokens currently in circulation ranks 68th with a market cap of $1.28 billion.

As per the above chart, the daily RSI moves away from the neutral zone, inching closer to the overbought territory. Per contra, the CMF (Chaikin Money Flow) has also surpassed the 0 line, indicating the increased money flow into the asset. This indication is also supported by the bullish trading volume.

If WLD persists on an upward trajectory, it might potentially make its climb to $7.494. If this altcoin falls under the control of the bears, it might breach a bottom of $4.239.

Notably, the Worldcoin Foundation announced its plans to increase the token supply by 19% in the next 6 months. Moreover, it also unveiled the expected launch of Worldchain, its native L2 blockchain built on OP stack, in late Summer. With these updates in their pipeline, the project boosts the community to bet on the AI-infused project.