- •Worldcoin is testing a crucial descending trendline after an extended downtrend, with traders eyeing a possible 2x price surge.
- •Rising trading volume and long position ratios on major exchanges point to growing bullish confidence around WLD’s recovery phase.
- •A confirmed daily close above resistance could attract fresh liquidity, validating Worldcoin’s potential shift toward a new bullish cycle.
Worldcoin (WLD) is showing renewed strength after months of sustained pressure, approaching a decisive breakout zone that could reshape its short-term market outlook. Traders are watching key resistance levels that may define the next major price direction.
Worldcoin Approaches Major Breakout Point
The chart shared by Crypto Charts (@Cryptokartha) shows Worldcoin (WLD/USDT) testing a long-term descending trendline after an extended bearish phase. The structure suggests a potential reversal as the token attempts to move beyond the resistance that has contained it since late September. This breakout attempt, if confirmed, would mark the first major shift in momentum following weeks of compression within a narrowing range.
The setup reflects growing market optimism, driven by volume expansion on recent upward candles. Each move higher has shown stronger participation, a key sign that traders are gradually accumulating positions rather than shorting rallies. A successful daily candle close above the trendline would formalize a breakout, potentially triggering technical buy signals and opening the path toward a 2x move, as projected on the chart.
A move of such scale could reprice WLD toward $1.80–$2.00, representing a gain of about 119% from the breakout point. This scenario depends on consistent follow-through and confirmation by subsequent sessions, as a failed breakout could prompt renewed selling pressure. For now, the volume-backed surge suggests market participants are leaning toward a more constructive outlook.
Trading Data Shows Bullish Positioning and Market Confidence
Worldcoin’s as of writing, performance supports the technical narrative of a potential breakout. Over the past 24 hours, WLD’s price climbed from approximately $0.746 to $0.810, gaining 8.71%. This improvement was coupled with a rampant current volume with 24 hour trading value exceeding $341 million which was a 118% increase over the previous day.
Binance also dominated the market in terms of trading activity as it traded over 271 million WLD and was second in the ranking by OKX trading over 137 million WLD. This high involvement in prime exchanges is an indicator of increased confidence and liquidity depth. The consistent order flow and minimal price slippage indicate that speculative demand is strengthening as traders position for continuation.
The long/short ratio reinforces this trend. On Binance, the ratio stands at 1.91, while OKX records 2.08, meaning most traders are betting on price appreciation. Among professional traders, the bullish bias is even more pronounced, with Binance’s top trader ratio at 2.23 and OKX’s at 1.79. This alignment across multiple exchanges suggests a unified expectation of near-term upside potential.
Market Stability and Potential Scenarios Ahead
Liquidation information shows that although the enthusiasm is increasing, leverage is being contained. The past four hours experienced total liquidations amounting to about $129,000, largely due to long positions indicating few forced exits and volatility that could be handled. This also keeps the leveraged liquidations at bay, which decreases the chances of retracing at a short term.
However, the following sessions are critical. An effective breakout that exceeds the downward trendline confirmed with the help of the sustained volume may change a neutral sentiment into a bullish one. Most of the traders would be attracted to the zones with greater resistance in the vicinity of $1.80 whereas failure to sustain above the levels of $0.85-$0.90 would disqualify the structure and necessitate retests of the lower supports.
The greater market presence of Worldcoin is one of tentative hopes. Its recent recovery and a better technical setup are an indication that it is recovering despite a year-to-date drop of 61%. In case the breakout materializes, WLD may shift out of the long-term distribution into and into accumulation, and the groundwork of a new bullish phase is laid, with the aid of a better liquidity situation and involvement of traders.