Worldcoin (WLD) Technical Analysis
Looking at the WLD chart, we can observe a significant support level forming between $0.82 and $0.86, with the price currently attempting an upward move. The descending channel clearly visible on the chart has served as a major resistance zone, suppressing the coin’s price for several weeks. However, following the recent breakout and subsequent retest, there is a growing expectation of an upward move.
That said, if the price fails to hold above the trendline, any upward movement may prove to be nothing more than a reaction to the previous decline—a false breakout. The bullish expectation remains valid only if the price begins to move upward again after successfully retesting the trendline.
Technically, the $0.82–$0.86 support zone is critical. As long as the price stays above this area, the possibility of higher targets remains strong. Conversely, if this support breaks down, the formation becomes invalid and selling pressure may increase. In that case, the price could retreat to the major support level of $0.7153.
If WLD manages to hold above $0.8579, the first target could be $0.9718. However, some selling pressure may be encountered at this level, as it also represents a reversal zone. If this reversal area is breached to the upside, the price may continue its rise toward $1.10 and potentially $1.15.
These analyses are not intended as investment advice. They focus on key support and resistance levels that may offer trading opportunities in the short and medium term, depending on market conditions. Users are responsible for their own trading decisions and risk management. Additionally, it is highly recommended to use a stop-loss (SL) strategy in all transactions.
