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Worldcoin Shows Signs of Bullish Breakout Amid Consolidation
Worldcoin Shows Signs of Bullish Breakout Amid Consolidation
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BTCCSquare news:
Worldcoin is consolidating NEAR the $1 mark, with technical indicators suggesting a potential upward breakout toward $2.50. The asset's weekly chart reveals a tight trading range after a prolonged downtrend, signaling weakening seller interest and accumulation patterns. Fibonacci retracement levels point to $2.50 as a plausible target, contingent on overcoming resistance between $1.50 and $2.00.
Intraday volatility saw a 10.76% drop from $1.10 to $1.00, yet trading volumes remained robust at $368.88 million. Market participants appear active despite the price swings, hinting at underlying demand. The setup presents an attractive risk-reward scenario for speculative buyers anticipating a sustained rally.
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