Why the Surge for Worldcoin, Hedera, and Algorand? A Look at Recent Price Action

Worldcoin (WLD), Hedera (HBAR), and Algorand (ALGO) have seen a remarkable surge in price over the past 24 hours. This coordinated rally has captured traders’ attention as these altcoins signal potential shifts in market momentum. The strong upward movement, characterized by initial dips followed by sharp recoveries supported by increased trading volumes, suggests growing buyer confidence.

These tokens exhibit similar patterns: prices initially dip before rebounding strongly and rising above recent highs, indicating renewed buying interest. Now, near-term resistance levels hold the key for continued bullish price action or a potential pullback.

Worldcoin (WLD), for example, witnessed early weakness but quickly recovered after briefly dipping below $0.635. Strong buyer support fueled its rebound, pushing prices past $0.675 and settling in the $0.70–$0.72 range.

Source: CoinMarketCap