Key Takeaways
- WLD broke out of a long-term falling wedge pattern.
- A five-wave impulse is forming on a 1-hour time frame.
- $0.85 is the key pivot level for bullish continuation.
Worldcoin (WLD) has shown renewed bullish momentum after months of decline.
A breakout from the descending channel on the daily chart suggests a macro trend shift, while the 1-hour structure shows a potential impulse wave building.
This dual time frame confluence supports near- and longer-term bullish possibilities, pending validation at key levels.
WLD Price Analysis
On the daily chart, WLD has broken out of a multi-month descending channel that began after a peak at $4.19 on Dec. 6.
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The downtrend was structured as a W-X-Y correction, with the ‘Y’ wave bottoming around $0.60 in early April, a key support area marked by previous accumulation.
This bottom aligns with a 1.0 Fibonacci extension of the prior impulse, adding technical confluence.
The bounce on April 19 confirms the descending channel breakout, and the price has moved above the upper trendline resistance.
On the daily timeframe, the Relative Strength Index (RSI) has also exited oversold territory, now pushing above 60, signaling a momentum reversal.
Current price action is testing the $0.85–$0.90 zone.
A successful close above this area would clear resistance from the previous March structure and open the path to the $1.07 level (0.786 Fib).
Further upside could take WLD to $1.44 or even $1.70, which aligns with 0.618 and 0.5 Fib extension of the broader bear move, respectively.
WLD Price Prediction
On the 1-hour chart, WLD appears to form a five-wave impulse off the $0.60 low.
Wave (i) was completed at $0.78 (0.5 Fib extension), followed by a wave (ii) correction at the $0.68 level.
The current move to $0.89 appears to be the end of wave (iii), with wave (iv) now potentially forming.
The 0.786 extension at $0.851 is acting as short-term support.
If wave (iv) retraces deeper, it may test $0.814 (0.618 Fib extension), which aligns with standard correction depths in wave structures.
The RSI on the 1-hour timeframe is neutral, offering room for further movement in either direction.
If wave (iv) finds a base above $0.814, the next bullish leg, wave (v), could target $0.957 (1.272 extension), with potential to extend to $1.03 (1.618 extension).
A break below $0.789 would invalidate the immediate bullish setup, pointing to a retest of lower support at $0.731.
The structure suggests a bullish continuation pattern unless invalidated by a deeper breakdown.
There is also a chance that the price action from April 7 formed an ABC correction to the upside, as its recent high was the same length as the previous one.
This is why immediate upside will validate the bullish outlook, while a drop below $0.814 (the territory of wave (i)) would invalidate it.
Watch for volume confirmation on the next impulse to gauge breakout sustainability.
Key Levels to Watch
- Major Support: $0.851 (0.786 Fib), $0.814 (0.618 Fib)
- Immediate Resistance: $0.89 (local high),
- Breakout Confirmation: Sustained move above $0.89
- Invalidation Level: Break below $0.789 invalidates the current bullish wave count
- Fractal Watch Zone: $1.40–$1.70 (macro resistance from daily chart and Fib zones)
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
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