
Worldcoin has shown signs of strength across multiple technical and volume-based indicators. The asset recently broke out of a multi-month symmetrical triangle and is now retesting critical support levels. Price structure and momentum indicators suggest continued upside may follow.
Traders are closely monitoring the current consolidation for a potential move toward the $2.00 mark.
A symmetrical triangle breakout typically signals indecision followed by a breakout once the price exits either side of the triangle. WLD breached the triangle’s upper resistance near $1.35, with price action confirming the breakout and returning to retest the structure as new support.
The current zone around the upper boundary is considered critical. If Worldcoin maintains its position above this support line, it may complete a classic breakout-retest-bounce sequence. This pattern often observed before a continuation rally.
Volume preceding the breakout increased significantly, while the post-breakout pullback has been accompanied by lower volume, a behavior commonly seen during bullish consolidations.
If a bounce materializes, potential upside projections range between $2.70 and $3.00.
Source: bravenewcoin.com