Worldcoin (WLD) is showing sideways movement and forming a triangle pattern, which often precedes sharp price changes. Experts are noting the potential for significant price movement.
Current Price Dynamics of Worldcoin
Since February this year, Worldcoin has experienced volatile price shifts. Starting near $1.90, it dropped to the $0.60–$0.70 range by mid-March, rallied back to $1.30 in April, but then fell again to around $0.70–$0.80 in May.
A second rally in June and July pushed WLD above $1.50, but it has now fallen back close to $1.00. The daily chart shows that WLD price is forming a symmetrical triangle as progressively lower highs and higher lows appear.
Key Support and Resistance Levels of Worldcoin
The lower boundary of the triangle aligns with support at $0.90, which has held through several retests in August. Critical support is at about $0.70.
Immediate resistance is at $1.20, with a broader target of around $1.50 if buyers break through these levels. Conversely, a drop below $0.90 could trigger a move to $0.70 or even $0.60.
Potential Price Scenarios for Worldcoin
Ali's projection of a 60% movement reflects the size of the triangle's widest section. A bullish breakout could lift WLD price toward its February levels, while a bearish move risks revisiting early-year lows. Until the pattern resolves, price may continue to coil, leaving the market in a wait-and-see mode.
Worldcoin's chart suggests that the next few sessions could determine whether the token breaks higher or slips toward support.
