Date: Mon, March 03, 2025 | 10:05 AM GMT
A strong bullish wave has swept through the cryptocurrency market in the past hours following U.S. President Donald Trump’s announcement of a crypto strategic reserve. This initiative, which features major assets like BTC, ETH, ADA, XRP, and SOL, has ignited fresh optimism among investors and driven significant momentum across altcoins.
This announcement has ignited a wave of momentum across in altcoins, with Worldcoin (WLD) and The Graph (GRT) catching significant attention. WLD has surged over 8%, confirming a key breakout, while GRT is hinting at a potential similar move.
Worldcoin (WLD) Analysis
WLD has successfully broken out from a prolonged falling wedge pattern, which had suppressed its price movement for several weeks. Today, the token managed to surpass the upper trendline of the wedge, signaling a shift in momentum
As of now, WLD is trading at $1.20, consolidating at a key breakout retest zone. If this level holds as support, the next resistance is at the $1.37 price zone and the 50-day moving average (MA).
A decisive move above this level will likely lead to an approach toward the next resistance of $1.78, representing a 56% potential upside from the current price.
The Graph (GRT) Analysis
GRT is mirroring WLD’s earlier pattern, trading inside a falling wedge since its rejection from the $0.34 high on December 5. The token recently rebounded from a low of $0.10 and is now testing the upper resistance of the wedge, trading at $0.12.
If GRT confirms a breakout with a successful retest, its next resistance levels are the $0.1480 price zone and the 50-day moving average.
A strong move past this region could open the doors for a rally toward $0.19, representing a potential 58% upside from the current price.
Final Thoughts
Both WLD and GRT are displaying strong technical setups, with WLD already confirming its breakout and GRT approaching a critical level. The recent announcement regarding the crypto strategic reserve has injected optimism into the market, contributing to renewed bullish sentiment. If this momentum continues, these altcoins could see significant gains in the coming days.
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