Worldcoin is displaying signals of a potential bullish reversal, as observed through the formation of a double bottom pattern and a breakout from a descending trendline. The $5.900 support level and $6.182, $9.569, and $12.000 resistance levels play a crucial role in determining the continuation of the trend. The presence of high trading volume further reinforces the likelihood of a market reversal, indicating increased market activity and interest.

An analysis of Worldcoin's recent price movements suggests a shift from a persistent downtrend dominance to the possibility of a bullish rally. Notably, a double bottom formation has emerged, accompanied by a breakout and retest of a descending trendline, signaling a change in market sentiment according to a top analyst at CryptoBusy.

Despite a prolonged bearish trend during the period from early March to late April, Worldcoin witnessed the formation of a double bottom pattern around mid-April. This pattern, known for indicating potential trend reversals, suggests a weakening stance of the bears in the market.