Worldcoin Primed for Breakout: Bulls Charge Toward $1.03 Reversal Zone
Worldcoin’s price action hints at a bullish reversal—traders are eyeing the $1.03 trigger zone as the next battleground.
### The Setup: A Coiled Spring
After weeks of sideways movement, WLD’s chart patterns suggest an explosive move. Technicals align—RSI creeping out of oversold territory, volume ticking up. No guarantees, but the stars are aligning.
### The Target: $1.03 or Bust
Break past resistance here, and suddenly the ‘hopium’ gets real. Traders are stacking bids, though skeptics whisper about ‘another dead cat bounce’—because crypto never lacks drama.
### The Fine Print
Remember: This isn’t financial advice (unless it works, then we called it first). Markets move fast—just like your exit strategy should if this plays out. And hey, if it fails? There’s always another ‘next big thing’ in crypto.
Market structure shows a convergence of short-term corrections within a broader rising trend, with analysts focusing on a breakout trigger NEAR $1.03.
While momentum indicators are mixed, price compression inside a descending channel suggests mounting pressure. Traders are watching closely to see if buyers can reclaim control and push past overhead resistance.
Worldcoin Price Descending Channel Meets Bullish Long-Term Structure
The 4-hour chart shared by analyst AltCryptoTalk outlines a clear descending channel pattern marked by two parallel orange trendlines.
This corrective MOVE comes after a broader uptrend, and the price is now attempting to challenge the upper boundary of the channel. The $1.03 resistance level has emerged as a critical rejection zone, and a sustained break above it could confirm the end of the current correction phase.
Source: X
Beneath the short-term pattern, a rising blue trendline connects the broader structure of higher lows. This ascending support line remains intact, preserving the larger bullish framework despite recent pullbacks.
As long as WLD continues to respect this trendline, the overall market structure retains an upward bias. A breakout above $1.03 WOULD be viewed as confirmation of trend continuation, potentially attracting renewed buying interest toward $1.10 and higher resistance zones.
Intraday Activity Highlights Selling Pressure Near $0.98
The 24-hour chart for WLD captures a sharp decline following two failed breakout attempts earlier in the session. The token opened near $0.958, ROSE above $0.98 briefly, but quickly retraced as sellers overwhelmed intraday gains.
By the close of the period, WLD had dropped to $0.96, reflecting a net loss of 2.63%. The chart shows a rounded top formation intraday, indicating that upward attempts were met with strong distribution.
Source: BraveNewCoin
Trading volume for the session totaled $162.13 million, with activity peaking during each failed rally. This volume-price divergence, where price declines despite high trading activity, often reflects profit-taking and a lack of follow-through from buyers.
Without sustained demand, price action may remain capped below the $0.98–$1.00 range. If volume weakens while price stabilizes, short-term support could FORM near the $0.94 level, offering a potential base for reversal attempts.
Worldcoin’s market capitalization is currently estimated at $1.75 billion, ranking it 71st among cryptocurrencies. With a circulating supply of 1.83 billion tokens, WLD remains sensitive to sentiment-driven moves. For bullish momentum to return, the asset will need to reclaim levels above the current resistance zone, supported by stronger accumulation and directional volume.
Momentum Indicators Diverge Ahead of Breakout Decision
At the time of writing, Worldcoin trades at $0.941 following a 5.81% decline on the daily chart. The token has fallen below the psychological $1.00 mark and is now testing key support zones near $0.94.
A continued drop may expose WLD to the $0.88–$0.90 consolidation zone seen in mid-June. The near-term outlook remains uncertain unless technical momentum improves.
Source: TradingView
The MACD indicator currently reflects bearish sentiment. The MACD line has crossed below the signal, with a histogram reading of -0.029, indicating increasing downside pressure. However, the Chaikin Money FLOW (CMF) shows a contrasting value of 0.04, suggesting that capital inflows still marginally outweigh outflows.
If the CMF holds or improves while MACD begins to flatten, a potential recovery could materialize. The $1.03 level remains the primary trigger for any structural breakout, and traders will likely await confirmation before initiating long positions.
