Worldcoin's Wild Ride: Funding, Expansion, and Price Surge - Can It Last?

Worldcoin was founded with the mission of creating a globally-inclusive identity and financial network, owned by the majority of humanity. It consists of a privacy-preserving digital identity network (World ID) built on proof of personhood and, where laws allow, a digital currency (WLD).

Funding Surge & US Expansion: Fueling the "Proof-of-Humanity" Mission

Driven by a $135 million financing round led by Andreessen Horowitz and Bain Capital Crypto, Worldcoin (WLD) is seeing a comeback meant to expedite its growth in the U.S. and scale its identity verification network. Actively growing in major U.S. cities, the project lets consumers confirm their identification through iris scans in return for WLD tokens, so helping Worldcoin's goal of creating a worldwide "proof-of-humanity" network.

Having risen about 27% recently to roughly $1.56, WLD is trading in a rising channel with possible price targets of $1.62 and above $2 by mid-2025. Worldcoin is under investigation for privacy and data security issues stemming from its gathering of biometric data even if it has made good strides like Visa, Stripe, and Match Group partnerships.

Technical Outlook: Bullish Momentum Despite Privacy Concerns

WLDUSD gained more than 50% in the past  weeks.  The pair holds well above the short-term (34 and 55 EMA) and long-term moving average. It hit a high of $1.65 and is currently trading around $1.552.

The bullish invalidation can happen if the pair closes below $1. On the lower side, the near-term support is $1.35. Any break below targets $1.20/$1.
 

The immediate resistance stands at around $1.65. Any breach above confirms bullish continuation. A jump to $2/$2.50 is possible. A surge past $2.50 will take it to $5.

It is good to buy on dips around $1.25 with SL around $1 for TP of $2.50.