Worldcoin (WLD) Price Prediction: WLD Set for a Major Move as Bullish Shift Emerges

Having gained 31.74% over the past month, Worldcoin [WLD] is well-positioned to extend its rally. The recent 0.35% gain rise aligns with the base of a symmetrical bullish pattern

Worldcoin [WLD] price has seen a 0.35% increase in the past day, bringing its price to $2.30 at press time. Having gained 31.74% over the past month, WLD is well-positioned to extend its rally, especially given the technical indicators.

The recent gain aligns with the base of a symmetrical bullish pattern, setting the stage for a potential breakout and significant upward movement.

WLD sets up for a breakout, where to next?

On the 4-hour chart, WLD was seen trading within a symmetrical triangle at press time, having recently rebounded off the channel’s support zone and moving toward a potential breakout.

The price had seen three attempts at breaking out of this pattern in the past, setting up moments of strong momentum.

If the momentum proves strong enough, WLD’s first target after breaching resistance will be $2.650, where it had faced short-term resistance in the past.

A continued push could see the price reach its long-term target of $3.260, provided the bullish momentum holds.

However, if the channel’s resistance holds firm, WLD may experience a slight pullback before attempting another breakout, or it could face a downward trend as seen in its last three attempts at this level.

Market sentiment supports the outlook, as detailed by AMBCrypto below.

Bullish shift evident for WLD

There has been a steady increase in the number of long positions being opened on WLD, indicating that previously bearish traders are turning bullish.

This shift has been accompanied by a modest 0.99% rise in price, pushing Open Interest to $250.64 million.

According to Coinglass, this gradual uptick suggests that WLD’s price could follow a similar upward trend.

Further supporting this outlook, AMBCrypto found that the Funding Rate has also gained traction, now at 0.0109%.

A positive Funding Rate, where long positions pay short positions, signals growing demand for long trades, setting the stage for a potential rally.

Source: Coinglass

Golden cross signals potential upside

WLD was approaching a key bullish indicator as a golden cross pattern formed at press time, with the blue MACD line crossing above the orange signal line at readings of 0.019 and 0.020, respectively.

Read Worldcoin’s [WLD] Price Prediction 2024–2025

This crossover suggests that WLD could gain further upward momentum.

Source: Trading View

The recent weakening of bearish momentum hints at a shift, and if the Golden Cross completes, a rise in green momentum bars is likely to follow. This would position WLD for significant gains beyond its current levels.

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