- Worldcoin faces pressure despite strong recent weekly gains.
- Price consolidates in a symmetrical triangle, signaling a breakout.
- Support holds at $1.70 while resistance forms near $2.00.
- The long-term chart indicates a bullish trend reversal toward $5.
Worldcoin (WLD) is struggling to maintain its momentum after a week marked by extraordinary gains. The token has dropped 5.44% over the past 24 hours, even after gaining 98.05% over the last seven days.
At the time of writing, WLD is trading at $1.75, with a 24-hour trading volume of $1.02 billion, down 71.68%. Its market capitalization stands at $3.53 billion, highlighting its growing importance in the digital asset space.
Also Read: Worldcoin Set for $4.45 Surge: Price Target Sparks Investor Buzz
Worldcoin Symmetrical Triangle Signals Possible Breakout
According to crypto analyst @DrRitikaS, the market structure shows a symmetrical triangle, defined by descending resistance and ascending support lines. This pattern points to reduced volatility and signals pressure building for a breakout. Historically, such narrowing price action often sparks strong moves in either direction.
On the upside, resistance between $1.95 and $2.00 remains pivotal. Clearing this zone could confirm bullish continuation, pushing the token toward $2.30. If momentum strengthens, projections extend to $2.70, where a further rally could unfold. On the downside, $1.70 serves as immediate support.
A breakdown below this level could weaken the bullish case and expose WLD to deeper losses. Still, consolidation above this threshold signals accumulation, supporting bullish expectations. Traders appear to be using dollar-cost averaging near current prices, positioning for a potential breakout above $2.00.
Long-Term Structure Turns Bullish After Breakout
Another crypto analyst predicts a long-term target for WLD. The longer-term weekly chart shows Worldcoin breaking out of a multi-month descending channel, something that can signal a reversal of months of steady declines. The breakout is recognized by a large bullish candle, indicating a shift of control back from sellers to buyers.
The token, currently around $1.89, can retest the $1.40–$1.45 area, which equates to prior resistance and Fibonacci retraction targets. The area can be identified as a healthy buying zone capable of bolstering the foundation for the next bullish push.
Upside prospects are stable, and $2.62 and $3.76 are significant resistance levels that should be tracked. A continued breakthrough for them could open the door toward $5, and possibly $6.25, should the momentum be maintained. As long as WLD holds above $1.40, the overall bullish setup is intact and implies the potential for slow-and-steady growth even through short-term volatility.
Also Read: Worldcoin (WLD) Analysis: Upbit Listing Sparks Bullish Breakout Toward $4
