Worldcoin (WLD) Leads Daily Gainers—Close Above $2.40 Could Propel Price Higher

Key Takeaways

• Worldcoin (WLD) is following an ascending support trend line.
• The price is testing the $2.40 resistance level.
• A potential bullish trend may target the next resistance levels.

Worldcoin captured the spotlight in early 2024 with a meteoric rise, reaching an all-time high of $11.97 on March 10.

Yet, the euphoria was short-lived as the price plummeted nearly 90%, hitting a low of $1.28 by September.

Despite this dramatic fall, WLD has shown resilience, climbing steadily and forming higher lows.

As 2025 begins, the pressing question is whether this recovery marks the start of a sustained bullish trend or merely a temporary rebound.

WLD Reaches Resistance

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.