Worldcoin (WLD) displays signs of a significant price move while coiling in a symmetrical triangle. Traders are watching this pattern closely, anticipating breakout or breakdown that could result in a sharp 60% price change.
Symmetrical Triangle and Its Significance
The current trend exhibited by Worldcoin is the symmetrical triangle pattern, suggesting an impending breakout or breakdown in the upcoming weeks. Since February, the price has been squeezed between two slightly converging trend lines, indicating decreased volatility and increasing pressure.
Technical Analysis and Price Levels
Recent figures indicate that WLD is trading around 0.9752 and is nearing the lower end of the triangle. Technical analysis reveals that a breakdown from this formation could yield about a 60% price change. Such formations typically lead to significant directional shifts, particularly after extended periods of consolidation.
Volume’s Role in Confirming Moves
Volume remains a crucial element in validating any breakout from the triangle pattern. Historically, volume expansion confirms momentum behind such technical moves. If bullish, WLD could surge towards the $1.55–$1.60 region. Until a confirmed move occurs, the market remains in a state of anticipation.
The convergence between support and resistance levels suggests potential significant price volatility for Worldcoin, which traders will monitor closely in the coming weeks.
