Worldcoin (WLD) has seen a nearly 40% surge in the last week, briefly testing the $3 mark. The cryptocurrency hit a 4-month high after nearing the upper zone of a multi-month range. Its recent performance has fueled investors\u2019 optimism about a possible breakout, which could send the token to new highs.<\/p>\n
Worldcoin has seen a considerable decline<\/a> since hitting its all-time high (ATH) of $11.74, retracing around 75% from its March high. During the Q3 retraces, the cryptocurrency lost the $3 support, diving below the $2 mark after August\u2019s \u201cBlack Monday.\u201d<\/p>\n Since then, WLD has hovered between the $1.3-$3.2 price range, consolidating below the $2.5 for the past couple of months. Following the November Post-election rally, Worldcoin has surged around 75% in three weeks, reclaiming the $2 zone.<\/p>\n Earlier this week, the cryptocurrency\u2019s momentum propelled WLD above the $2.5 resistance level for the first time in three months, turning it into support the following days.<\/p>\n Moreover, the token surged 23% intraday, hitting its four-month high on November 28 after momentarily trading above the $3 mark.<\/p>\n Crypto analyst Yuriy suggested<\/a> that a \u201cbig move\u201d is coming for the cryptocurrency. The analyst noted that WLD\u2019s open interest (OI) has significantly surged this month, rising 135% since election day.<\/p>\n According to Coinglass data<\/a>, Worldcoin\u2019s OI jumped from $184 million to $433 million in three weeks, recording its second-highest day on Wednesday. Additionally, it has seen a 9.65% in the last 24 hours and a 12% jump in the past hour, signaling heightened confidence and participation in the cryptocurrency.<\/p>\n To Yuriy, the cryptocurrency could follow the steps of Cardano<\/a> (ADA), which recently saw its price hit a 2-year high. Following its OI increase, the token recovered from its 75% decline and broke out of its multi-month consolidation range, reclaiming the long-awaited $1 mark.<\/p>\n The analyst explained that, after the recent WLD price action, the $2.8 mark is a crucial support level to confirm, as it served as a significant resistance level earlier this month. As a result, consolidating above this level could propel the token\u2019s price to the next target<\/a>.<\/p>\nWLD\u2019s Breakout To Target $3.5<\/h2>\n