Is Worldcoin Set for a 200% Surge? Analyst Shares Bullish Outlook

• World of Charts predicts a potential 200% surge for Worldcoin (WLD) following a bullish retest of the Falling Wedge.
• Worldcoin’s Face Auth trial aims to challenge major players like Apple and Google with broader use cases.

The popular analyst known as World of Charts tweeted a positive assessment of Worldcoin (WLD), noting its ongoing bullish trend.

WLD has effectively retested a bullish reversal signal, a previously broken Falling Wedge pattern, according to the chart he posted. The coin bounced back following the retest, therefore bolstering World of Charts’ estimate of a significant price rise.

Analyst Targets 200% Surge for WLD, Eyes All-Time High If Bullish Trend Continue 

The analyst underlined that his short-term aim is WLD rising by more than 200%, which shows possibility in the most recent pricing surge. Beyond that, the token might finally test its all-time high (ATH) if the optimistic trend keeps growing, especially around the $4.5 mark.

Meanwhile, WLD is trading over $2.00 at the time of writing, marking an amazing 8.56% rise over the last 24 hours. Daily trading volume for the coin has also increased significantly by more than 57% to reach $273.23 million. This growing volume could indicate growing investor confidence and interest, so supporting the favorable picture.

On the other hand, CNF earlier this month reported that when FTX, the now-bankrupt exchange, revealed its intentions to auction off millions of WLD tokens, Worldcoin suffered declining value. Still, the token recovered and is currently displaying tenacity in the face of market difficulties.

Beside that, as we previously noted, Worldcoin started a test for its new FaceAuth system in September, a bold move towards joining a market mostly controlled by IT giants like Apple and Google.

With a somewhat different “agnosticism and future open-source plans,” FaceAuth seeks to expand its use cases beyond banking into fields including healthcare.