The crypto market is doing relatively well this week, helped by the risk-on sentiment following the US-Iran Memorandum of Understanding (MoU) to reopen the Strait of Hormuz. This article provides a forecast for top altcoins like Venice Token (VVV), Worldcoin (WLD), and Stellar (XLM).
Venice Token price prediction
Venice Token has been one of the best-performing cryptocurrencies this year, surging from $1.70 in January to $16 today. The rally has been driven by growing investor interest in AI-focused tokens as the artificial intelligence industry continues to expand, as well as anticipation surrounding the potential IPOs of OpenAI and Anthropic.
Venice has continued to grow this year, with traffic to its platform rising to nearly 10 million visits last month. As a result, the network has continued burning VVV tokens, strengthening its tokenomics and supporting long-term supply dynamics.
The chart shows that the VVV token has remained above the 100-day moving average, which is a bullish sign. However, the coin has formed a head-and-shoulders pattern, whose neckline is at $12.83. It has also formed a bearish divergence pattern as the Relative Strength Index (RSI) has formed a series of lower lows and lower highs.
Therefore, the most likely Venice Token prediction is neutral, with the key targets to watch being $12.8 and $21.4. A move above $21.4 will invalidate the H&S pattern and point to more gains, potentially to $30. On the other hand, a drop below $12.8 will point to further downside.
Venice Token price chart | Source: TradingView
Worldcoin price prediction
The Worldcoin (WLD) price has jumped in the past few weeks, moving from a low of $0.2287 in May to $0.6800, its highest point since November last year.
This surge has been driven by its association with Sam Altman, its founder and the CEO of OpenAI. OpenAI recently filed confidential documents for its IPO, which may value it at over $1 trillion.
Traders are hoping that OpenAI, whose products are used by millions of people every day, will join the growing list of companies integrating World ID. Some of the leading firms already using the product include Tinder, Okta, Shopify, and DocuSign. Also, Worldcoin is preparing a major tokenomics revamp that will slash its emitted tokens by 43%.
The daily chart shows that the WLD price has jumped in the past few months. It has already jumped above the 100-day moving average, while the RSI has continued rising. Its volume in the spot and futures markets has continued rising.
WLD token has formed a cup-and-handle pattern, a common continuation sign in technical analysis. Therefore, there is a possibility that the token will continue rising, potentially to the psychological level of $1.
WLD price chart | Source: TradingView
XLM price prediction
Stellar Lumens token has also made a strong bullish breakout in the past few days, helped by the ongoing PayFi buzz. It jumped to $0.2256, its highest level since June 2nd this year.
Before that, the XLM price remained inside the narrow range between $0.1371 and $0.1856 between January and May 29. It surged above that level earlier this month, reaching the year-to-date high of $0.30.
Most importantly, it has formed a break-and-retest pattern by falling to $0.1833. This pattern is a common continuation sign in technical analysis. It has also moved above the 100-day moving average, while the Relative Strength Index has flipped the neutral point of 50.
Stellar price chart | Source: TradingView
Therefore, the coin will likely continue rising as bulls target the key resistance at $0.300, up by 35% from the current level. This bullish outlook will become invalid if it drops below $0.1833.
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