Worldcoin Price Gearing Up For A Breakout

The price of Worldcoin (WLD) dropped 3% in the last 24 hours to trade at $1.02 by 12:18 a.m. EST as trading volume soared 68% to $459 million.

This comes as World (formerly known as Worldcoin) has officially announced its entry into the U.S. market, launching first in 6 major cities including Atlanta, Los Angeles, and Miami.

Just like its entry into other countries, users can receive WLD tokens after completing human verification and generating a World ID.

Innovation returning to America @worldcoin now in the USA pic.twitter.com/nnJRny56hf

— Hunter Horsley (@HHorsley) May 1, 2025

Worldcoin Price Gearing Up For A Breakout

On the 3-day chart, WLD is clearly still within a long-term downtrend, which has recently taken shape within a falling wedge pattern—a technical analysis structure that can typically foreshadow price reversals.

The wedge began forming around August 2024 and has since confined price action within converging downward-sloping trendlines.

These declining movements are marked by lower highs and lower lows, culminating in a bounce from the $0.6424 region (marked as point C), up to a recent local high near $1.3 (point D), before retracing back to $1.02 at the time of writing, as GeckoTerminal data shows.

Wedge patterns, especially after extended downtrends, often precede a bullish breakout. While the price of Worldcoin has not yet confirmed a clean breakout from the wedge, the strong bounce from point C indicates increased buying pressure, which could be setting up for a reversal.

Meanwhile, WLD is trading below both the 50 and 200 Simple Moving Averages (SMAs), which generally suggests continued bearish momentum.

The Relative Strength Index (RSI) sits at 48.83, just below the neutral 50 mark. This suggests that market momentum is still indecisive, though it has rebounded from oversold levels seen earlier in 2025. The RSI’s recent movement upward from near-30 levels supports the idea of bullish divergence.

WLD Price Prediction

Assuming the falling wedge pattern resolves to the upside as expected, and if the WLD price can break and close above the $1.50-$1.60 zone (50 SMA resistance), the next target would likely be the 200 SMA around $2.85.

That would represent a significant rally and serve as a key test of long-term resistance. If the breakout is rejected and the Worldcoin price returns back within the wedge, support near $0.90-$1.00 could be retested.

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