Worldcoin’s price action shows several bullish signs. Since September, the price has increased alongside an ascending support trend line, breaking out from a long-term parallel channel. WLD also moved above the $2.40 horizontal resistance area, indicating a bullish trend.
Even though WLD failed to clear the $4.20 resistance (black icon), it saved the support trend line with a bounce and then increased above the $2.40 area. Currently, the WLD price is attempting to close above the latter. Doing so could lead to a retest of the $4.20 resistance.
Technical indicators show positive signs but have not confirmed the bullish trend. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are increasing but are below their bullish levels at 50 and 0, respectively.
It is worth mentioning that the RSI generated a bullish divergence before the entire upward movement started (green), hinting at a bullish trend reversal.
So, if WLD closes above $2.40, it will possibly cause the RSI and MACD to close above their bullish thresholds, confirming the beginning of a bullish trend.
Worldcoin Price Bounces
The shorter-term daily time frame gives a more bullish outlook for several reasons.
First, WLD created a double-bottom pattern combined with a bullish divergence (green). The bullish pattern led to a breakout from a short-term descending resistance trend line. Second, WLD closed above the $2.40 area by creating a bullish candlestick on Jan. 6 (white icon).
If the upward trajectory continues, Worldcoin can reach the next resistance at $3.30-$3.33, created by the 0.618 Fibonacci retracement resistance level and a horizontal resistance area.
Finally, the wave count shows a completed A-B-C correction since the Dec. 6 high. The overlap with yesterday’s high (red line) means the decrease is not impulsive. Rather, another upward movement will follow the completed correction.
So, WLD is likely to increase toward $3.30-$3.33, and if it clears this level, the token can surge to $4.20.
Critical Close Ahead
Worldcoin’s price shows bullish signs in multiple time frames. If the price closes above $4.20 this week, a surge of 25%-70% will likely follow. In the long-term, closing above $4.20 can open the door toward a new all-time high.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
