Worldcoin Price Prediction: WLD Eyes $1.60 Target After Bullish Triangle Formation

Worldcoin (WLD) is currently trading at a critical inflection point, supported by the formation of a key technical structure. With price action compressing against horizontal resistance and the lower trendline holding firm, traders are closely monitoring WLD for a breakout confirmation.

A recent post by analyst @JamesBitunix from USA Signal outlines an ascending triangle developing on the 4-hour WLD/USDT chart. This pattern reflects a series of higher lows pressing against a horizontal resistance between $0.95 and $1.00.

The price has tested this level multiple times without a confirmed breakout, suggesting that supply at this zone remains strong, but so does the demand supporting each dip. Most recently, WLD retested its ascending trendline support near $0.875, validating it as a key level for short-term buyers.

Source: X

Currently, the asset trades at $0.8756, sitting directly on this rising support zone. A successful defense of this level and breakout above the horizontal resistance could activate the measured move projection.

The pattern’s height suggests a potential upside toward $1.60, representing a target range if bullish volume accompanies the breakout. The invalidation of this pattern would occur with a daily close below $0.86, which could shift momentum back in favor of sellers.

Short-Term Pressure and Volatility Define Market Caution

Recent 24-hour market data shows WLD experiencing a volatile session. The price briefly rose from $0.879 to $0.885 before retracing to a low near $0.863. This fluctuation was followed by a minor rebound to $0.88 by the end of the trading session. The movement indicates that sellers are active near resistance, while bulls continue to defend support, creating a narrow and reactive range.

Souce: BraveNewCoin

Daily volume for the session was recorded at $84.71 million, significantly lower than the cumulative 24-hour turnover of $133.71 million. This implies that much of the activity occurred earlier in the day, followed by reduced participation in the latter half. As volume declined, bearish momentum resumed, reflected in the late-session dip.

The market capitalization fell to $1.48 billion, underlining a cautious sentiment among participants. For any bullish continuation, WLD must break and hold above $0.89 with higher volume engagement.

The daily chart for WLD/USDT shows price consolidating between $0.82 and $0.90, forming a tight trading band. Bollinger Bands have narrowed, with the upper band at $0.975 and the lower at $0.828, signaling declining volatility.

This kind of price compression typically precedes an expansion phase, making the next directional move critical. WLD currently trades at $0.868, just below the 20-day simple moving average of $0.902, a key resistance level that bulls need to reclaim for continuation.

Source: TradingView

The MACD indicator remains in bearish territory, with the MACD line at -0.043 still below the signal line. However, histogram bars are light green, pointing to slowing bearish momentum. A crossover may be on the horizon if momentum picks up.

For now, price action suggests that buyers are attempting to build a base, but confirmation is required through a decisive close above the midline of the Bollinger Bands. If price fails to break out, a move back toward the $0.828 support is likely. Traders remain focused on breakout signals from this compressed range to guide their next steps.