Worldcoin Price Consolidates Ahead of Potential Breakout Phase
Worldcoin (WLD) shows signs of entering an accumulation phase as price action flattens between $1.80 and $2.00. Market analysts observe diminishing selling pressure and early positioning by long-term buyers, suggesting potential exhaustion among sellers.
Technical analysis by Waleed Ahmed highlights a multi-month base formation following extended downward pressure. The $4.00 level emerges as critical resistance—a former support zone whose reconquest could confirm a structural reversal. Current trading NEAR $0.85 support suggests possible retests before any sustained upward movement.
Volume confirmation and higher low formations remain key indicators for traders anticipating a new bullish cycle. The market appears to be transitioning from distribution to accumulation, though patience is required for definitive trend confirmation.
