Worldcoin (WLD) is showing signs of a potential bullish reversal as buying pressure improves and momentum indicators turn positive. A sustained breakout could attract renewed interest and strengthen bullish sentiment, while failure to hold key support may trigger another wave of selling pressure.
At the time of writing, WLD is trading at $0.3600 with a 24-hour trading volume of $296.13 million and a market capitalization of $1.29 billion. Following the 12.35% gain over the last 24 hours, the WLD price structure and improving technicals point to a bullish reversal ahead.
Source: CoinMarketCap
Also Read: WLD Price Eyes $0.50 Target as Recovery Gains Strength Above Key Support
Worldcoin Price Eyes Major Breakout Above $2.17
According to the crypto analyst chief of overthinking, Worldcoin (WLD) is trading near $0.34, far below its previous all-time high around $12.
The sharp decline has pushed the token into a deeply depressed range, but traders are watching for signs of a potential reversal. A decisive move above $2.17 could mark an important shift, signaling renewed buyer interest and improving market sentiment around WLD.
Source: chief of overthinking’s X Post
However, if the momentum holds, then it could mean that $4.19 is going to be the next level of resistance, which may draw more speculative interest.
The ultimate objective of recovery at $11.97 is going to be a very high upside target, but one that is only possible with sustained buying interest from the market. The upside from $0.34 is approximately 3,400%.
Technical Indicators Point to Upward Breakout
According to TradingView, WLD has bounced back from the $0.315 to $0.320 level, where it was trading recently, as seen on the 4-hour chart.
It has crossed above the middle level of Bollinger bands at $0.341, and its current price is at $0.361, reflecting that there is some buying interest in the token. A break above $0.377, the upper band of Bollinger bands, would improve the positive setup.
Source: TradingView
Improvements have also been seen in the momentum indicators, as the MACD histogram turns bullish when the MACD line begins its upward move following a steep decline.
The fact shows that bearish momentum is weakening and buyers are taking control again. The level of $0.341 has now become crucial support for the pair, and its breakdown may lead WLD to $0.320.
What Happens Next?
The price movement of WLD will be dependent on whether bulls can successfully defend the level of $0.341 and surpass $0.377 resistance.
The breakout would help bulls build up momentum to test $2.17. In case bulls are unable to sustain at $0.341, there might be increased selling pressure and send WLD to $0.320 and the lower Bollinger band at $0.305.
Also Read: WLD Price Eyes Major Breakout as Triple Bottom Pattern Signals Recovery
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
