Analyst Predicts +70% Surge for Worldcoin (WLD); Polygon (MATIC) Battles Key Resistance: Watch These Levels
The price of Worldcoin has seen a slight recovery today with more than a 10% spike. This comes after over a 40% price decline in the past week.
Based on an analysis by Decilizer, WLD is standing firm and is bullish with strong support already confirmed at $1.52. The analyst expects a 73% price spike from that support level to around $2.64.
However, Decilizer also noted that Bitcoin must remain bullish for the price increase to be sustained.
The relative strength index for WLD on the daily chart is at 34. This is due to the predominantly bearish price action. It could also mean that the price has some room for bullish retracement.
Worldcoin has been trading below a descending trendline for several months. The trendline has consistently served as resistance to price increases.
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Show more +For a 73% price increase to happen as predicted by Decilizer, the price will need to break above the trendline resistance; only then can we expect a decisive bullish rally.
MATIC Price Must Break Above Key Price Level for Major Rally
The price of Polygon (MATIC) has also seen more than a 6% price increase today. However, the price remains below a major resistance level at $0.47.
Until the price breaks above this level, any bullish move will be considered a temporary retracement. Additionally, MATIC is trading below a descending trendline that has been acting as resistance since April.
The ongoing price recovery seems to be part of a general market bullish move. However, MATIC may need more bullish metrics to trigger a bigger move.
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