TOTALCAP and Bitcoin close above key resistance levels, WLD achieves a new all-time high. Stay informed with the latest cryptocurrency news and price predictions.

"

The cryptocurrency market has seen significant developments recently, with key players making notable moves.

In the latest updates:

  • Ripple’s managing director has transitioned to the role of chief executive officer at Crystal Blockchain, a prominent blockchain intelligence firm.
  • A respected cryptocurrency analyst has singled out DePIN as the leading AI-driven cryptocurrency performer in the current market surge.

Market Cap Surges Past Crucial Resistance

The overall cryptocurrency market cap has surged notably over the past fortnight, accompanied by robust bullish weekly candlesticks.

After breaching the crucial 0.382 Fib retracement resistance level at $1.61 trillion, the market cap ascended further to close above the 0.5 Fib retracement resistance level, now standing at $1.88 trillion.

If this upward trajectory continues, the next significant resistance awaits at $2.10 trillion, marking a 10% increase from the current valuation.

Despite optimistic predictions for the market cap, a close below the 0.5 Fib retracement resistance level could potentially trigger a 16% downturn towards the nearest support at $1.61 trillion.

Bitcoin Breaks $50,000 Barrier

In a similar vein to the market cap, Bitcoin has witnessed substantial growth over the past two weeks, culminating in a close above the 0.618 Fib retracement resistance level. This marks Bitcoin's first weekly closure above $50,000 since December 2021.

However, it's worth noting a weakness indicated by the weekly Relative Strength Index (RSI). While the market cap's RSI dismissed its bearish divergence, Bitcoin's RSI persisted, further confirmed by this week's closure.

Nevertheless, there are currently no discernible bearish signals in Bitcoin's price action.

If Bitcoin continues its upward trajectory, the next significant resistance level looms at $65,000, representing a 25% increase from its current valuation.

Despite optimistic forecasts for Bitcoin, a closure below $48,600 may precipitate a 22% decline towards the nearest support at $40,600.

WLD Hits New All-Time High

Meanwhile, Worldcoin (WLD) has experienced a parabolic surge over the past eight days, culminating in a record-breaking all-time high of $7.44.

The swift upward movement has propelled WLD's price above the 1.61 external Fib retracement resistance level at $6.50. Given WLD's current all-time high status, external Fib retracement levels are essential in identifying future resistance points.

For WLD, the next significant resistance awaits at $9.20, marking a 25% increase from its current valuation.

Despite the bullish outlook for WLD, a closure below $6.50 could trigger a notable downward movement due to the absence of strong support. In such a scenario, WLD could potentially decline by 40% towards the nearest support level at $4.35.

"