A March 2026 technical analysis suggests Worldcoin (WLD) may be poised for a rebound after testing support near $0.27. The cryptocurrency is forming a falling wedge pattern on daily charts, which analyst Profit Demon indicates could signal a bullish reversal. Key technical indicators show the RSI nearing oversold territory and the MACD hinting at a potential bullish crossover, while participation in derivative markets has declined.
Worldcoin (WLD) tested a key support level near $0.27 on March 29 as selling pressure slowed. The altcoin is attempting to rebound from a falling wedge pattern on its daily chart.
According to crypto analyst Profit Demon, this structure suggests a potential bullish reversal. The analyst’s analysis was shared in a recent X post alongside a chart highlighting the setup.
Profit Demon stated, “Worldcoin is attempting to rebound from the lower boundary of the falling wedge on the daily chart. The price is holding above the key support zone, with bullish momentum building.”
Technical data from TradingView shows the RSI has fallen to about 33, suggesting WLD appears to be oversold. The MACD is still negative but shows early signs of a bullish crossover due to converging lines.
Furthermore, the price remains below all three key moving averages (20, 50, & 200 EMAs), indicating the overall trend continues downward. If the 20 EMA can be reclaimed, it could signal some short-term momentum.
Data from CoinGlass shows open interest decreased by approximately 3.71% in the last day, suggesting decreasing market speculation. Futures volume has also decreased significantly, indicating fewer short-term traders.
The analyst indicated several possible target prices if a breakout occurs: $0.31, $0.43, $0.66, and $0.85. These are based on previous resistance levels and liquidity points.
Conversely, if the price breaks through the support level, it could invalidate the wedge structure and potentially create new local lows. Sustaining WLD below its support could add more downward pressure and strengthen bearish momentum.
