Worldcoin has confirmed its breakout after weeks of consolidation, leading to increased price levels and trading volume.
Breakout Confirmation
Worldcoin completed a symmetrical triangle breakout, according to crypto analyst Jonathan Carter (@JohncyCrypto). He noted that the pattern developed after extended consolidation, creating conditions for stronger follow-through once resistance was cleared.
Technical Validation and Momentum
Momentum indicators have confirmed the breakout. The RSI on the 2D chart has pushed above the midline with an upward slope, suggesting that the rally is part of a broader bullish phase. Trading volume on the breakout candle rose significantly compared to prior sessions, adding credibility to the move.
Market Structure and Price Expansion
The price of Worldcoin increased by 54.98% in a single day, reaching $1.97. The 24-hour trading volume rose to $3.39 billion, confirming the technical breakout. Market cap also advanced strongly to $3.98 billion, reflecting future supply considerations.
Thus, Worldcoin shows confident signs of growth, confirming the breakout and price range expansion, which may open new opportunities for investors.
