Worldcoin(WLD) Price Surges: Market Eyes Key Levels for Potential Bullish Breakout

• WLD surged by 10.06% in 24 hours as the market eyes a possible breakout from the downward channel pattern.
• A strong support at $0.965 holds, and resistance at $1.50–$1.60 could provide the push to further move up to $2.50 and beyond.
• Momentum indicators RSI and MACD are suggesting a turn, and buyers are stepping in and potentially starting to build a bullish trend.

Worldcoin (WLD) also recently saw a major upward trend, having risen by 10.06% in the previous 24 hours. As the trend among AI-based cryptocurrencies continues to gather pace, market players are eagerly monitoring WLD’s price and charts to look for any breakout.

Crypto analyst Lucky, who uses the Twitter handle @LLuciano_BTC, presented his opinions, noting WLD's location in the descending channel pattern. He noted the trend among AI-based tokens and suggested WLD could follow the trend. A possible breakout point he suggested could be at the price point of $5–$7.

Technical Analysis and Market Trends

A descending channel pattern in the WLD chart indicated a long-term trend in the downward direction. The price has constantly respected the downward-sloping trend lines, and the breakout could be imminent. Historical evidence from the past breakouts from the same pattern indicates huge upward movements.

The key support at $0.965 has been tested numerous times. Buyers at this area have shown interest, resulting in the bouncing back in the price. The area between $2.00 and $2.50 is the next target area if the price holds above $1.20 and crosses the resistance at $1.50.

On the flip side, a failure to sustain above $0.965 could see the price going downward, the next support area at around $0.80 to $0.85. 

Momentum Indicators and Price Forecasts

The MACD indicator depicts the MACD line crossing the signal line, and histogram bars are also changing from red to green. This implies a possible trend-reversing turn.

Meanwhile, the RSI also returned to 42.23 from oversold levels. This means lessening the pressure to sell and increase in buyer activity. A breakout above 50 in the RSI would also indicate further bullish energy.

Support, Resistance, and Potential Targets

Current support zones are at $1.00 to $1.20, and the long-term support at $0.965. The resistance is at $1.50 to $1.60, and a breakout could result in the path to $2.00 to $2.50. If bullish pressure grows, WLD could experience the predicted upper target at $4.208.

With WLD at a pivotal level, traders are closely observing the next price movements. The price of WLD stands at $1.29 at press time, reflecting a 10.06% increase over the past 24 hours and a 1.73% gain over the last week.

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