Worldcoin has recently exhibited a remarkable performance in the cryptocurrency market and attracted attention among investors. The altcoin has had a significant rally over the past month. It rose from a low of $0.9758 to a high of $1.89. Altcoin Sherpa has an optimistic view that this rise can continue.
Popular cryptocurrency trader Altcoin Sherpa predicts that Worldcoin could rise more than 16% from its current value. Chart courtesy of Altcoin Sherpa analysis, revealing Worldcoin’s potential uptrend. In particular, the analyst observes that the cryptocurrency has started to use the 200-day exponential moving average (EMA) as support.
“WLD: I’m out of this business, I took most of my profits in the $1.70-$1.85 range. I think this thing could eventually hit $2.00 (or maybe more) after all.
A few more things: Never invest for such a long term. For this reason, do not open a short position for a while.”
Another altcoin on the trader’s radar is BICO, Biconomy’s native token. According to the analyst, BICO has retested an important level and is worth watching:
“BICO: There is a big uptick in Binance today as it announced perps (perpetual contracts). “I personally don’t think I will buy at this current level (200-day EMA acting as resistance) but overall I will continue to follow it.”
Finally, the trader thinks that Terra (LUNA) may retrace its gains in the near term before embarking on another rally after bouncing off a key Fibonacci level.
“LUNA: I am long since 0.382 fib (expecting uptrend) but I have offers around $0.49. This is my absolute favorite setup/formation.”
You can follow the current price movement here.