Date: Fri, Nov 07, 2025 | 05:40 AM GMT
In the cryptocurrency market, both Bitcoin (BTC) and Ethereum (ETH) are trading in the red today with a 1% decline. However, despite the broader weakness, some notable altcoins are showing signs of strength — including Worldcoin (WLD).
WLD has turned green today but still records a sharp 37% drop over the past month. That said, its current technical setup is hinting at a potential short-term rebound, as the token continues to hold a crucial support zone that could determine its next major move.
Descending Broadening Wedge in Play
On the 4-hour chart, WLD remains inside a descending broadening wedge, a bullish reversal pattern commonly seen during extended corrective phases.
During the latest pullback, WLD was rejected from the wedge’s upper boundary near $0.8960, sending it down to the lower trendline around $0.6529. Encouragingly, buyers stepped in right at this key zone, pushing the price back up to $0.7343, where the token now trades above the wedge support and its recent lows.
What’s Next for WLD?
If buyers continue to hold the lower wedge boundary, a decisive breakout above the wedge’s upper boundary would confirm a bullish continuation, opening the door for a stronger recovery toward the 200-day moving average (MA) at $0.9353 in the coming sessions.
However, any breakdown below $0.6529 would invalidate the bullish setup and could trigger further downside pressure, signaling that sellers have regained control.
For now, WLD’s outlook leans cautiously optimistic — the descending broadening wedge remains intact, and the recent support defense increases the odds of a rebound if broader market sentiment stabilizes.
Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.
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