Worldcoin is once again capturing the attention of traders, achieving a significant bounce from a crucial support level on its chart.
Following several weeks of trading within a narrow price range, the WLD price has experienced a strong rebound, pushing back above the $0.64 mark and re-engaging market interest.
Crypto analysts have taken note of this shift. One prominent analysis highlighted WLD as a "top gainer today," with a prediction that "$WLD will go above $1 very soon from here."
Another analyst pointed to a significant level, "4.4 WLD," which corresponds to a major weekly resistance zone not tested for over a year. The recent excitement appears to be driven by technical chart patterns.
WLD Bounces Strongly From a Key Support Zone
Analysis of the chart data reveals that the WLD price found robust support around the $0.63–$0.65 range, leading to an immediate upward reversal.
This price area has served as a strong floor for several months, with previous dips being consistently met by buyer demand.
The current reaction to this support level is notably more pronounced. While sellers attempted to drive the WLD price lower, the market demonstrated a strong rejection of the breakdown, reversing course with significant momentum.
Such powerful moves from established support levels often signal the initiation of a trend change, particularly when they occur at zones that have proven their resilience multiple times.
Worldcoin's Potential Trajectory Towards $1
The current upward momentum is amplified by the apparent clarity of the path ahead for the WLD price. Should the WLD price successfully break above the $1.00 mark, the next significant resistance is not encountered until the $2.00–$2.50 range.
Furthermore, the $4.40 target, highlighted by analysts, gains credence when examining the chart structure. This level, last seen in 2024, is situated above the current price, with a relatively thin market structure between the two points.
Historically, the WLD price has moved rapidly through this area, suggesting that such gaps could be filled quickly during a bullish market turn.
Reclaiming $1: The Key Confirmation
While the current bounce appears healthy, the definitive confirmation of a sustained upward trend will occur when the WLD price successfully flips the $1 level into support.
Achieving this would establish the first proper higher low on the weekly timeframe in months, a significant technical development.
The current surge in WLD is attributed to its successful bounce from critical support, the subsequent recognition by traders, and the resulting technical outlook that now favors further upside potential.
If buyers maintain pressure and reclaim the $1 level, the next phase of the price movement could accelerate rapidly.