Worldcoin Defies Gravity: Bulls Charge Toward Critical Long-Term Resistance
Worldcoin's relentless uptrend shows no signs of slowing—but the real test lies ahead.
The crypto's parabolic move faces a make-or-break moment as it nears a historic resistance level. Traders are either loading up for a breakout or bracing for a brutal rejection.
Meanwhile, Wall Street still can't decide if this is the future of finance or just another speculative bubble wrapped in blockchain buzzwords.
Analysts suggest that a successful breakout above this resistance could trigger a broader trend reversal, possibly targeting the $1.60–$1.70 range. Accumulation patterns, Fibonacci retracement zones, and tightening volatility bands further support the bullish case.
Recent daily and multi-day charts indicate growing market interest, with higher lows forming NEAR key support at $1.10 and $1.00. While volume remains moderate, steady price action suggests buyer strength is building. Traders now watch for confirmation of a breakout above $1.18.
Worldcoin Maintains Uptrend as It Approaches Long-Term Resistance
Worldcoin (WLD) Price continues to approach a multi-month descending trendline that has acted as a major resistance level since March 2024. According to analyst Baykuş, the price structure on the 3-day chart places WLD just below this trendline, which has previously rejected all breakout attempts. The token is now trading around $1.18 after reclaiming the $1.00 level, positioning itself within a tight range ahead of a potential test of this upper boundary.
Source:X
The analyst’s chart shows a visual convergence of price near the yellow trendline, accompanied by tightening red and grey ribbon bands, which often indicate consolidation before a breakout. Previous price action above $1.40 was rejected, but recent rebounds and support retention near $1.00 suggest that buyers are active in this zone. The structural pressure beneath the resistance line is building, keeping market participants attentive to a possible trend reversal.
Fibonacci Levels and Support Range Underpin Structure
On the daily chart, Worldcoin has shown a rising channel supported by ascending trendlines and a clear reaction around Fibonacci retracement levels. The token recently retraced from its local high and is now testing the 0.5 Fibonacci retracement at approximately $1.1044. A zone between $1.06 and $0.92 has been identified as a high-interest demand region, with historical support and volume-based buying interest concentrated in this range.
Chart projections suggest two potential price paths. The first anticipates a minor dip into the lower range before resuming an uptrend, while the second envisions a direct rebound from the current level. These projections align with standard retracement-recovery formations seen in recovering markets. Both pathways keep the $1.60 to $1.70 region in view, contingent on buyer continuation and price holding above the lower bands.
Short-Term Momentum Shows Higher Lows
Worldcoin recorded a 1.07% price increase over the last 24 hours, closing at $1.18. The trading session fluctuated within a narrow band between $1.155 and $1.175, reflecting intraday volatility. Despite the swings, the chart displays a gradual upward trend forming across higher lows, a pattern typically associated with strengthening market confidence.
Source: BraveNewCoin
This short-term momentum is occurring without extreme price volatility, which may appeal to risk-managed traders seeking stable setups. The continuation of this pattern near the descending trendline further draws attention to how WLD will behave if it tests and closes above the key resistance level. A stable base above $1.10 may reinforce this structure and support a sustained upward MOVE if volume accelerates.
Volume and Market Cap Reflect Trader Caution
Worldcoin’s 24-hour trading volume stood at $151.27 million, with no major surges during upward price moves. The moderate volume suggests that although there is some buying activity, market participants are approaching resistance zones with caution. This pattern may reflect a wait-and-see approach as traders observe whether WLD will break the long-standing descending trendline.
With a market capitalization exceeding $2.11 billion and a circulating supply of approximately 1.8 billion tokens, Worldcoin Price remains active within the mid-cap crypto space. The overall structure shows resilience, with price holding recent gains and forming a base near $1.18. If WLD sustains pressure against the descending resistance and gains volume support, the chart framework favors a potential continuation above the current range.
