Worldcoin (WLD) is approaching a key technical level between $0.41 and $0.43, a potential breakout zone that could signal a reversal from recent weak momentum. Analysts note the formation of an inverse head and shoulders pattern on its chart. The cryptocurrency was trading near $0.395 with a market capitalization exceeding $1.1 billion, showing a gain of nearly 5% over 24 hours.
Worldcoin (WLD) is showing early signs of a potential trend reversal, with investors closely monitoring the $0.41–$0.43 price zone for a breakout. At the time of writing, WLD was trading at $0.3945 with a 24-hour trading volume of $129.45 million and a market capitalization of $1.12 billion according to CoinMarketCap, having gained 4.84% in the last day.
As reported by analyst CryptoPulse, Worldcoin is building an inverse head and shoulders pattern on its chart, suggesting a potential shift from a downtrend to an uptrend. The pattern’s neckline ranges from $0.41 to $0.43, and a clean breakout could push WLD toward $0.52.
Short-term technical indicators present a mixed picture for the asset. The Relative Strength Index is at 33.99, near oversold territory, while the Moving Average Convergence Divergence shows declining momentum with a histogram reading of -0.0101. Key moving averages, positioned between $0.656 and $1.916, currently act as resistance above the price.
The price action suggests the market is in a consolidation phase pending a decisive move. A breakout above the $0.41–$0.43 range could indicate the start of an uptrend for Worldcoin. An inability to break out may lead to further consolidation or a decline from current levels.
