Worldcoin Price Analysis: Will WLD Bulls Propel a 200% Rally?

Traders are turning bullish on Worldcoin (WLD) following a breakout from a key support level. An analysis by Rose Premium Signals highlights a breakout-and-retest setup, suggesting strong upside potential. 

The tweet encourages traders to check the weekly charts, arguing that skepticism about the market may be misplaced. With mid-term and long-term targets set, traders see potential gains of over 200%, signaling a substantial momentum shift for WLD.

Worldcoin Breakout and Retest in Progress

According to Rose Premium Signals, WLD has broken above a key resistance zone near $2.81. The analysis suggests that this breakout marks a crucial shift in market structure. 

$WLD It's a clear breakout off the key support zone on the Weekly Timeframe + break and retest in progress

You’re doubting this market?!!

Just check the Weekly Charts, and you’ll turn bullish like me

Mid-Term Target – 7.517$
Long-Term Target – 10.648$ pic.twitter.com/sHNCz0y8yP

— Rose Premium Signals (@VipRoseTr) January 20, 2025

Previously, the asset was in a downtrend, facing strong selling pressure after its initial surge. However, WLD found strong support between $1.80 and $2.00, leading to an extended accumulation phase. At publication, WLD trades around $1.90, down 4.92% over the day.

Now, after breaking resistance, WLD appears to be in a “break and retest” pattern. This technical setup involves a retest of the previous resistance as support before a potential bullish continuation. If WLD holds the $2.81 level, the analysis suggests a strong move toward the mid-term target of $7.517.

WLD Technical Levels to Watch

Rose Premium Signals identifies critical price levels traders should monitor. The $2.81 level, which acted as resistance, is now being tested as support. A successful hold at this level could confirm a new bullish trend. 

The next resistance area sits at $7.517, marking a potential mid-term profit zone. If the bullish momentum continues, WLD could push toward $10.648 in the long term.

However, if WLD fails to sustain above $2.81, it could signal a false breakout. In that case, the price may drop back to the $1.80–$2.00 accumulation zone before another breakout attempt.

Read also: Elon Musk and His Team Launch The Official Website of DOGE, Dogecoin Used As an Avatar

Traders Eyeing Bullish Momentum

The sentiment around WLD has shifted positively, with analysts pointing to a potential trend reversal. Rose Premium Signals suggests that many traders remain skeptical, but the weekly chart structure supports a bullish outlook. The analysis indicates that if buyers step in during the retest phase, the asset could see a strong upward continuation.

With technical patterns aligning in favor of the bulls, traders are closely watching whether WLD can maintain its breakout structure. A confirmed retest at $2.81 could solidify the bullish case, paving the way for higher price targets in the coming weeks.

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