- Cryptocurrency prices were muted this week as Bitcoin remained at $29,200.
- The biggest crypto news was the unveiling of WorldCoin by Sam Altman.
- Digital coins will likely remain in a tight range during the weekend.
It was another dull week for cryptocurrencies as the fear and greed index remained stuck at 52 and Bitcoin hovered at around $29,200. Most cryptocurrencies like Ethereum, XRP, BNB, and Cardano have been flat in the past seven days. In this article, we will highlight some of the notable movers this week, including Casper (CSPR), Internet Computer (ICP), and WorldCoin (WLD).
WorldCoin price prediction
WorldCoin was one of the trending cryptocurrencies this week as its developers unveiled it. It was a notable coin for two main reasons. First, it was launched by Sam Altman, the founder of OpenAI. Second, it introduced a new concept of artificial intelligence and proof of humanity.
WorldCoin price initially jumped to $7.50 as exchanges like Huobi and Binance listed it and as momentum about its launch soared. It then pulled back to the current $2.19 as momentum waned and as some initial investors sold.
WLD price also wavered because of the muted nature of the crypto market. Historically, cryptocurrencies, including new ones, tend to follow the performance of Bitcoin and other big coins like Ethereum and XRP.
It is difficult to conduct a solid technical analysis on WorldCoin at this time because of limited data. I still believe that the coin has more upside in the coming weeks as the developers are set to make important announcements. If this happens, the next level to watch will be at $3, which is about 30% above the current level.
Internet Computer price prediction
Internet Computer is a unique blockchain project that seeks to change how applications are built. Using its toolkit, developers can build applications that are linked to the blockchain using its smart contract technology.
ICP price has moved sideways in the past few weeks. In this period, it has remained between the support at $3.94 and the resistance point at $4.47. At the same time, ICP has risen above the 50-period and 25-period moving averages on the four-hour chart.
The Average True Range (ATR) has dropped in a sign that volatility is falling. Therefore, ICP price will likely remain in this range during the weekend. In this case, the key support and resistance levels to watch will be at $3.94 and $4.47.
Casper price prediction
Casper Network price made a bullish breakout on July 21st when it moved above the upper side of the falling wedge pattern. In price action analysis, a falling wedge is one of the most accurate bullish signs.
Casper has moved above the 25-day and 50-day moving averages and is nearing the important resistance level at $0.041, the highest point this month. Therefore, any more upside will be confirmed if the price moves above this level, which is about 4% above the current level. If this happens, the next level to watch willl be at $0.045.
