The cryptocurrency market is showing a deterioration in the current situation, while Bitcoin and Ethereum consolidate at their levels. However, some altcoins like Worldcoin begin to show signs of strength.
General Overview of the Crypto Market
The cryptocurrency market is in a state of slight volatility. Bitcoin (BTC) is consolidating around the $110,000 mark, while Ethereum (ETH) is holding at $4,300 after a recent dip from $4,953.
Harmonic Patterns and Key Levels
On the daily chart, Worldcoin (WLD) is forming a **Bearish Butterfly harmonic pattern**. This structure often leads to bullish continuation, especially during the CD leg when the price enters the Potential Reversal Zone (PRZ). WLD has recovered from its drop and is now trading around $1.01, having reclaimed the 200-day moving average.
Outlook for Worldcoin (WLD)
If bulls can hold the 200-day MA ($0.993), WLD may continue its upward movement toward the PRZ between $1.88 and $2.19. These levels represent potential upside zones. Conversely, dropping below $0.831 could weaken the bullish setup and require reassessment of the analysis.
Worldcoin (WLD) demonstrates potential signs of growth amidst instability in the cryptocurrency sector. Watch for key levels to determine further market directions.
