The cryptocurrency market is showing a recovery after a volatile start to March. With Bitcoin and Ethereum gaining ground, altcoins like Worldcoin (WLD) and Curve DAO Token (CRV) are beginning to show positive momentum.
Worldcoin (WLD) Analysis
WLD’s daily chart reveals a falling wedge pattern, a classic bullish reversal setup. The recent correction which started in early December brought the price down over 85% to $0.72. Buyers stepped in at this level, defending key support which signals a possible trend reversal. WLD has since risen to $0.96 and is approaching the wedge’s upper boundary and the 50-day moving average. If the price breaks out above this resistance, WLD could aim for the 200-day moving average and the $2.80 zone, marking a potential 168% rally. The MACD indicator also hints at a bullish crossover, reinforcing the breakout likelihood. Failure to overcome resistance might lead WLD to re-test lower support levels.
Curve DAO Token (CRV) Analysis
Curve DAO Token (CRV) is consolidating in a bullish flag pattern after being rejected at the $1.33 resistance in December and experiencing a sharp correction to $0.35 where buying interest was strong. Currently, CRV has recovered to $0.55, testing the 200-day MA and nearing the flag’s upper resistance. A breakout backed by a confirmation retest might push CRV towards the 100-day MA and the $0.8274 resistance zone, offering a 49% potential upside from current levels. The MACD is also turning positive, supporting the bullish outlook.
What's Ahead?
As WLD and CRV approach their breakout levels, all eyes are on Bitcoin and Ethereum for broader market confirmation. Sustained bullish trends in major cryptocurrencies could give altcoins the necessary momentum to break out from their technical patterns. Traders and investors should monitor key resistance levels, volume confirmations, and macroeconomic factors that might impact market sentiment in the coming weeks.
Amid improving market sentiment, Bitcoin, Ethereum, along with WLD and CRV, are showing signs of recovery, opening up opportunities for potential growth.
