Worldcoin (WLD) price is moving within a long-term bearish channel that has held for months. A major resistance area remains important for its direction, and a breakout could signal a possible trend reversal. Short-term indicators look bullish, but failure to break resistance may lead to further downside. Sentiment has improved after Arthur Hayes highlighted its upside potential.
WLD Price Key Resistance Zone Around $0.70
According to crypto analyst Crypto Tolga, the WLD price chart shows a prolonged bearish structure with price moving inside a descending channel, forming lower highs and lower lows consistently since the peak, showing sellers control this $market.
Major downside targets remain at $0.30, $0.20, and $0.16 if bearish pressure continues without any confirmed breakout.
The highlighted horizontal zone between $0.50 and $0.70 acts as strong resistance after flipping from support, meaning buyers must reclaim it to shift momentum.
If rejection occurs here again, price will likely continue respecting the channel and maintain overall bearish structure without immediate reversal signs.
Currently, price is bouncing from the lower boundary, showing short-term strength, but confirmation requires a breakout above channel resistance and a strong close above the $0.70 level.
If the breakout succeeds, upside targets open toward $1.50, $3.50, and $7.30 with strong bullish continuation momentum.
Also Read: WLD Price Prediction: Falling Wedge Hints at Potential Recovery to $0.40
Momentum Indicators Confirm Ongoing Uptrend Phase
From an Indicators perspective, RSI is at a strong 73.00 position, which is well beyond the average value of 65.50, suggesting that the stock is in an overbought position.
The trend suggests that sellers have lost control to buyers who continue pushing the stock upwards. However, the high value of RSI suggests a likely possibility for a downward move soon.
A positive convergence on the part of the MACD confirms further strengthening of the bullish trend. The values of the MACD line and signal line are 0.02582 and 0.03610, respectively.
However, the histogram shows an increasing value approaching 0.06192. This means that the upward trend is likely to continue, with an increase in buying pressure.
Arthur Hayes Backs Worldcoin Price Rally
With the latest ZEC and HYPE dump, Arthur Hayes, co-founder of BitMEX, came out with a sharp theory on X, suggesting that WLD could become the next market winner.
In particular, he reiterated that his view is still intact and alluded to another round of hype for the token that can potentially boost its price even higher, possibly due to some prominent players, including Elon Musk, talking about the coin.
It is worth noting that since the discussion began, WLD has been up by nearly 14% in the last day and traded at $0.5281.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: WLD Price Gains Momentum, Bullish Target Set at $0.414 Resistance
