The cryptocurrency market has kicked off Q2 positively, with Ethereum surging over 4%, indicating a potential sentiment shift after a bearish Q1. Altcoins like Worldcoin (WLD) and Curve DAO Token (CRV) are also showing signs of recovery.
Worldcoin (WLD) Analysis
Worldcoin's (WLD) technical analysis reveals a falling wedge pattern, a classic bullish reversal indicator. Since the correction began in December, WLD fell over 85% to $0.72. It has since rebounded above $0.84. A breakout could lead WLD to the 200-day moving average and $2.80 zone, representing a 202% potential rally. The MACD indicator supports the breakout likelihood.
Curve DAO Token (CRV) Analysis
CRV is consolidating within a bullish flag pattern after bouncing from $1.33 resistance. It fell to $0.46 and has since recovered to $0.54. A breakout and retest could target the $0.8274 resistance, a 49% upside. The MACD is turning positive, adding confidence to the bullish outlook.
What's Ahead?
While WLD and CRV show recovery signs, broader market conditions are uncertain. Sustained momentum and breaching key resistances are critical for a confirmed trend reversal. Traders should monitor volume and macroeconomic trends to evaluate whether the recovery will be sustained.
Ethereum, Worldcoin, and Curve DAO Token exhibit early recovery signs. However, broader market conditions remain uncertain. Sustaining momentum and overcoming resistances are crucial for confirmation.
