Worldcoin (WLD) Stabilizes After Falling to All-Time Low — Reversal Could Happen

Key Takeaways

• WXY correction likely ended at the $0.60 support zone.
• A descending wedge breakout suggests an impulsive rally is formed.
• RSI divergence supports momentum reversal potential.

Worldcoin (WLD) has been under extended selling pressure since its March 2024 peak, but recent chart developments suggest the asset may be approaching a critical inflection point.

The 4-hour chart reveals a completed WXY correction inside a descending channel, while the 1-hour chart shows a potential impulsive reversal structure with a textbook ABC corrective pullback.

These technical signals suggest a possible medium-term rally, if immediate resistances are overcome.

WLD Price Analysis

The broader price structure of WLD, as seen on the 4-hour chart, shows a clear WXY corrective pattern within a descending channel, stretching from its $4.20 high to a recent low near $0.60.

The Y-wave appears complete at the 1.0 Fibonacci extension level ($0.60), the all-time low.

The Relative Strength Index (RSI) on the higher timeframe shows bullish divergence—higher lows on the RSI while price made lower lows, which typically signals weakening bearish momentum.

Furthermore, the price attempts to break the upper resistance of the descending channel, a move that would be key for signaling a trend reversal.

A breakdown below $0.60 would be the key bullish invalidation, while a sustained move above $0.78 (Fib 0.236 of the downtrend) would open room for a move to $1.07 (0.786 retracement) and eventually $1.40 (0.618 Fib).

This macro setup favors a cautious bullish stance, as a breakout from this long-term downtrend channel would likely trigger larger accumulation-driven moves targeting previous resistance levels between $1.07 and $1.40.

WLD Price Prediction

On the 1-hour chart, WLD has completed a five-wave impulsive structure from the April 7 low (~$0.58) to the April 13 high near $0.75, followed by a classic ABC corrective retracement.

The (a)-(b)-(c) correction found support around the 0.5 Fib level ($0.68), forming a descending wedge—a bullish reversal structure.

This aligns with wave (ii) support and re-establishes the potential for another impulsive rally.

The current move may represent the start of wave (iii) of a higher-degree structure, which typically produces the most aggressive price expansions.

If momentum continues and the price sustains above $0.72, we may see a swift move toward $0.75–$0.78 (0.236 retracement of macro decline), followed by $0.80+.

Confirmation would come from a breakout above the falling resistance from March highs.

However, if price fails to hold $0.709, a retest of $0.684 or even $0.65 (0.618 Fib of recent impulse) is possible before another leg up.

Short-term bullish momentum is also supported by RSI, which has recovered from oversold and is now trending higher.

This wave-based structure supports a bullish bias in the near term, with potential for a sustained breakout toward mid-$0.80s, provided key Fib and wedge resistance levels are cleared with volume.

Key Levels to Watch

• Major Support: $0.684 (0.5 Fib), $0.659 (0.618 Fib), $0.623 (0.786 Fib).
• Immediate Resistance: $0.741 (0.236 Fib), $0.792 (local high), $0.80 (psychological level).
• Breakout Confirmation: Break above $0.78 with rising volume.
• Invalidation Level: Drop below $0.684 would invalidate a bullish wave count.
• Fractal Watch Zone: $1.07–$1.40 (targets of higher degree retracement).