Worldcoin (WLD) Eyes $2.85 Breakout: Here’s Why Bulls Are Loading Up
Worldcoin (WLD) is flirting with a critical resistance level—and traders are betting it won’t stop there. Could $2.85 be the next stop?
The Setup:
After weeks of consolidation, WLD’s chart shows a textbook pennant formation. Volume’s ticking up, and the RSI hasn’t hit overbought territory yet. Classic breakout fuel.
The Catalyst:
Rumors swirl about a major exchange listing (because nothing pumps a coin like speculative FOMO). Meanwhile, the team’s latest "global identity" partnership smells like marketing—but hey, in crypto, narratives move markets faster than fundamentals.
The Punchline:
If WLD clears $2.50, the path to $2.85 opens up. Fail? Brace for a retest of support. Either way, grab popcorn—this’ll be entertaining for everyone except the bagholders who bought the last top.
- WLD trading at $0.8704, showing mild gains amid falling volume
- Analyst sees potential breakout toward $2.85 if resistance clears
- Diverging forecasts: One predicts $1.91+ by year-end, another warns of July drop
Worldcoin (WLD) is currently trading at $0.8704, registering a modest 0.84% increase in the past 24 hours. However, trading activity has declined significantly, with daily volume dropping by 30.73% to $91.13 million. Over the past seven days, WLD has seen a 1.51% uptick, with last week’s trading price at $0.8719.
Relative stability of price movement is due to the fact that the entire crypto market grapples with volatility and macroeconomic uncertainty. Despite decreasing volume, market analysts closely watch WLD’s movement for potential breakout indications.
Worldcoin Forms Descending Channel Pattern
According to crypto market analyst Jonathan Carter, Worldcoin is currently outlining a downtrending channel on the daily timeframe. The coin is currently around the midline of the pattern, a crucial level which will determine its near-term direction.
Carter clarifies that should WLD breakout to the upside of its 50-day moving average, the chart WOULD become bullish with $1.22, $1.65, $2.00, and $2.85 for prices projections. Such would be based on WLD continuing to display bullish strength and spiking through prominent levels of resistance.
“The current setup is one to watch,” offered Carter, drawing on historical precedents where similar setups generated massive rallies when after the channel was breached. He continued that a return of volume and overall sentiment of the market would be responsible for validating the move.
Mixed Outlook for Worldcoin Price in 2025
Though some analysts are expected to see upside for Worldcoin, others remain dubious. DigitalCoinPrice foresees WLD touching $1.91 before year-end 2025 or potentially retest all-time high of $11.82 in the future. In line with company views, early volatility of 2025 when WLD had touched $2.73 before slipping below $1.68 is a harbinger of strength and bouncing back potential for it.
But CoinCodex has a bearish stance for the short term. Its target for July 2025 is a $0.613 to $0.879 price level with an average of $0.697. Based on analysis, investors could achieve a 30.09% return when they opt to short WLD at current levels.
