Worldcoin Rebounds 85%, BNB Reaches 2-Year High – Can This Bullish Trend Last?

Worldcoin, the novel iris biometric cryptocurrency project, posted a significant recovery this week. The blockchain project’s native crypto, WLD, posted a rebound from a pullback recorded earlier this week. As of Saturday morning, WLD had reached $10.6, rallying from a recent low of $5.7.

WLD/USD Daily Chart on TradingView

WLD’s recent rally marks an 85% gain for the cryptocurrency in less than one week. It also signals the continuation of an uptrend that started at the beginning of February. As of then, WLD broke out of a narrow sideways trend, bouncing off the $2.1 bottom, and has so far surged by nearly 400% in five weeks, according to data from TradingView.

Notably, Worldcoin has continued to rally despite an ongoing investigation by the South Korean government into the project’s activities. According to reports, regulators in Korea are scrutinizing Worldcoin’s overseas transfer of personal information under the Personal Information Protection Act. However, the cryptocurrency’s recent performance leaves users wondering if this bullish trend will last.

In a similar trend, BNB recovered from a dip earlier this week to register an impressive rebound. The price turned around from a $364.2 weekly low to trade for $487.6 at the time of writing, according to data from TradingView.

BNB/USD Daily Chart on TradingView

BNB’s rebound marks the continuation of an existing uptrend from October 2023. The Binance ecosystem’s token bounced off a low of $202.5 on October 9, 2023, and has broken above multiple resistances. As of the time of writing, BNB has gained over 140% in less than six months. It has also reached a 2-year high, climbing above the $460 resistance established in April 2022.

WLD and BNB showed significant upside momentum following Bitcoin’s leadership in the emerging bull cycle. The flagship cryptocurrency marked a new all-time high (ATH) on Friday, reaching $70,184 for the first time in the cryptocurrency’s history.