Worldcoin Price Soars 32% After Token Unlock Extension News, But Traders Rush To Buy This AI Crypto With Time Running Out

The Worldcoin price soared 32% in the last 24 hours to trade at $2.9383 as of 02:45 a.m. EST on trading volume that surged 135%.

It comes after an official announcement that the Worldcoin ecosystem has extended its unlock schedule from three to five years.

This concerns the unlocking of WLD tokens for about 80% of Tools for Humanity (TFH) investors and team members. The network plans to unlock about 2 million WLD every day after July 24.

The news has inspired market optimism among WLD holders, with traders anticipating a big pump in the Worldcoin price.

Worldcoin Price Prediction

The Worldcoin price is attempting a recovery rally, inspiring optimism as it has broken above the confines of the governing chart pattern. The price action has formed a falling wedge pattern on the daily chart (below), hinting at a significant upward breakout. This technical chart pattern is considered a significantly bullish reversal pattern, confirmed when the price breaks above the upper trend line.

The chart below confirms the falling wedge pattern when the Worldcoin price escaped from the formation on Monday, July 15. The bullish breakout was reinforced by a higher high the next day. The profit target of a falling wedge is measured by adding the maximum distance between the upper and lower trend lines to the breakout point.

With this breakout, the Worldcoin price could make a 92% run north to the target objective of this pattern at $4.3362. Shattering this target and resistance order block could set the next point of focus at $6.5542 or, in a highly bullish case, an extension to $9.2289.

The Relative Strength Index (RSI) is northbound, suggesting rising momentum. Its position at 60 hints that there is still more room to the north before WLD is considered overbought. In the same way, the green nodes of the volume profile suggest that bullish sentiment abounds in the Worldcoin market.

The Moving Average Convergence Divergence (MACD) is above the signal line (orange band), suggesting buyer momentum far exceeds selling pressure. In the same way, the MACD’s histogram bars are also flashing green, reinforcing the bullish thesis.

GeckoTerminal: WLD/USD 1-day chart

Converse Case

On the other hand, traders booking early profits could see the Worldcoin price correct. A slip below the $2.1508 support and subsequent close below it would invalidate the bullish thesis, especially if it records a lower low relative to the $1.7300 threshold.

Meanwhile, analysts say it may be worth taking a look at WienerAI (WAI), a dog-themed AI and meme coin hybrid ICO that’s just blasted past the $7.5 million mark.

YouTuber Jon Trading says the project is among his top picks for this year and might 100x after launch. It’s now offering a last chance to buy before it lists.

Promising Alternative To Worldcoin

WAI is the native cryptocurrency behind the WienerAI ecosystem and it’s a project that mines two of the hottest niches in crypto: AI and meme coins.

There’s much excitement about the imminent launch of its trading bot, which will use predictive technology and a user-friendly interface to provide advice on when to buy and sell crypto.

WAI token holders can also earn passive income via the platform’s staking option, which provides an annual percentage yield (APY) of 150%.

Each WAI token sells for only $0.00073 and can be bought using ETH, USDT, or a bank card. If you want to join one of the hottest presales of the year, you have les than 14 days left to make your move.

Buy WienerAI tokens here .

Also Read:

• What Sets WienerAI Apart from Floki Inu? A Deep Dive into Meme Coin Differences
• WienerAI Brings Novel Twist to Crowded Meme Coin Sector With Hotdog-Canine-AI Hybrid
• WienerAI Price Prediction – $WAI Price Potential in 2024 and Beyond
• Are Crypto Presales Worth It? The Pros and Cons You Need to Know!