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Cryptocurrency News Articles
Worldcoin (WLD) Displays a Classic Bullish Pattern : Is a Breakout Imminent ?
May 12, 2025 at 06:31 pm
The Worldcoin token (WLD) has shown an impressive increase of over 69% in the last 30 days, with a daily gain of nearly 6%.
The Worldcoin token (WLD) has shown impressive strength with an increase of over 69% in the last 30 days, for a daily gain of nearly 6%. Currently trading around $1.20, it is flirting with a key technical area to watch closely according to many crypto analysts.
The daily chart of WLD displays the formation of a well-known pattern: the cup and handle. This is a typical figure analyzed in technical crypto trading and often serves as a continuation pattern, usually indicating a major bullish continuation.
Technical Analysis : How Far Can the Token Go ?
The “cup” part of this pattern formed following a clear rejection at the $1.26 resistance seen in late February 2025. This rejection led to a sharp correction of over 54%, bringing the price down to $0.57 on April 7th — a level that now appears to mark a major low.
Since this low point, WLD has started a gradual recovery, steadily forming the “handle” of the pattern. This construction is notably based on a technical bounce on the 50-day daily moving average (MA50), highlighted on the charts by a red circular zone.
The entire structure remains technically valid and well-formed, and the FBB indicates a tightening of the Bollinger bands, reinforcing the likelihood of an imminent explosive move if certain conditions are met.
The $1.26 zone forms a major resistance already tested several times in the past. A daily close above this level, followed by a confirmation (retest validated as support), would formally trigger the bullish pattern, paving the way for a strong technical impulse.
If the breakout of the $1.30 zone is confirmed with increasing volume, the technical model suggests a theoretical price extension towards the $1.90 to $1.95 area, then between $2 and $2.20. This would represent a potential increase of over 62% from current levels.
Is it a Good Time to Buy ?
In the current context of the overall crypto market rally, with many altcoins also starting to show signs of breakout (see AVAX or SHIB), Worldcoin could be part of a sustained bullish trend.
Worldcoin (WLD) currently enjoys favorable technical conditions, coupled with renewed general interest in altcoins. With a well-defined “Cup and Handle” formation and an imminent test of the $1.26 resistance, the upside potential is substantial.
$WLD is breaking the sell wall.If it breaks the sell wall, the next is $2.6.
For crypto investors seeking an opportunity to enter a high-potential altcoin, WLD definitely deserves active monitoring in the coming days. According to CW8900, if WLD manages to break this resistance, the next target would be around $2.60, representing an increase of over 100%.
Here is a guide to buy the token on Bitget:
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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