Worldcoin (WLD) is moving in a narrow consolidation range with the high potential to reach new highs in the coming sessions. Over the past 24 hours, it slipped nearly 1.08%, yet the weekly performance reflects strength, with a 1.31% gain. Investors are closely watching as the token navigates short-term fluctuations.
Currently, WLD is trading at $0.4891, with a 24-hour trading volume of $59.79 million, down 11.63%. Its market capitalization sits at $1.29 billion, reflecting a 1.31% decrease. Market participants remain alert to shifts in trading activity, weighing recent gains against minor losses and assessing potential opportunities in the broader crypto market.
Also Read: Worldcoin (WLD) Eyes $2.00: Explosive Price Targets Revealed!
Short-Term Chart Shows Resistance and Support
According to crypto analyst @Finora_EN, on the 2-hour chart, WLD remains structurally bearish, showing a pattern of consistent lower highs and lower lows. The price is consolidating after a sharp sell-off. Immediate upside resistance sits at 0.51–0.52, followed by 0.58–0.60, while the major higher-timeframe supply zone lies at 0.62–0.65.
The flip side is that the local demand area around $0.48-$0.49 is currently holding. However, if it breaks below this level, it may test $0.47 levels or even lower levels. Until WLD moves above $0.52 levels and establishes a higher low, all upside moves will be considered a correction within the trend.
Falling Wedge Signals Possible Reversal
Another crypto analyst, @JohncyCrypto, noted that: “WLD has been trading inside a falling wedge formation since early September.” This indicates that it is making lower highs and lower lows that converge on a point. This type of formation typically forms a bullish reversal when it occurs after a large drop. The top line is a resistance level, while the bottom line is a support level.
The price is hovering over the support zone at $0.45-$0.49. With every touch at this zone, it indicates the presence of buyers. The volumes are reduced during the time it is consolidating. The major resistances lie at $0.56, $0.65, $0.85, $0.96, and $1.20. It may start having an upward movement when it breaks above $0.56 with increased volumes.
Additionally, if the breakout continues, the targets would be $1.20 to $1.40, and the dominant resistance will be at $2.00. This technical formation appears to indicate a bullish market reversal after a period of declining action. Nonetheless, if the price drops below $0.45, the bearish theory will fail.
Also Read: WLD Price Pulls Back After 137% Surge: Is a $2.50 Rally Still Possible?
