Worldcoin (WLD) Price Recovers 20% After Key Breakout

Key Takeaways

• WLD holds above $1.80, signaling potential bullish support.
• Fib extensions suggest next target around $4 if uptrend holds.
• Five-wave structure and breakout strengthen bullish outlook.

After a steep decline from its March peak, the Worldcoin (WLD) price has shown signs of stabilizing, with recent upward momentum hinting at a potential new bullish phase.

This analysis highlights key price movements, support and resistance levels, and scenarios that may shape WLD’s upcoming trend.

WLD Price Analysis

After peaking around $12 on March 10, WLD experienced a sharp 69% decline, reaching a low of $3.73 by April 13 before closing at $4.40.

After this drop, the price moved into an ascending channel, signaling a prolonged correction phase.

However, after reaching $6.50 on May 5, WLD resumed its downtrend, ultimately returning to the levels where its initial rally began.

By Sept. 6, WLD settled at $1.32 and entered a horizontal trading range. This sideways movement may have completed the highest degree ABC corrective pattern, suggesting a potential start of a new bullish phase.

On Sept. 26, WLD broke above its horizontal support zone, reaching $2.20. After a retest for support on Oct.10, it advanced to a new high of $2.50 by 15. A five-wave pattern began forming, indicating bullish sentiment. It may have been concluded on Oct 15 high as the price proceeded to make a 33% retracement to a low of $1.77 on Oct. 26. 

Since then, WLD has recovered by 20%, raising questions about the possibility of a new upward advancement. 

WLD Price Prediction

Since Oct. 10, WLD has shown continued upward momentum, reaching a high of $2.67 and confirming a breakout, strengthening the case for a new bullish phase. This last uptrend may mark the completion of wave five.

Its following downturn formed a descending triangle, bringing the price to the 0.618 Fibonacci retracement at $1.80, a typical stopping point for corrective waves.

This was above the horizontal support zone from which it previously broke out, signaling the onset of a new bull phase. 

If the first five-wave impulse competed and its subsequent ABC correction on Oct. 25, the following rise could start the next upward advancement. Projecting the target with the Fib extension tool, we see that WLD has the potential to reach $4 on the next major high. 

Further confirmation is needed, but the breakout to the upside from the descending triangle is the first positive sign.