Worldcoin Price Outlook: WLD Might Hit $1.40 Amid Falling Wedge
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?
You May Also Like
Peso likely range-bound as market eyes BSP meet
Scaramucci Says Trump Memecoins Drained Altcoin Market, Yet Sees Bitcoin Reaching $150,000 by Year-End ⋆ ZyCrypto
Federal Reserve expected to slash rates today, here's how it may impact crypto
Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more