- The cryptocurrency market began Q2 on a bullish note with Ethereum surging over 4%, while altcoins WLD and CRV are showing upside momentum after months of heavy pressure.
- WLD is forming a falling wedge pattern and approaching key resistance at the 50-day moving average, with a potential 202% rally to $2.80 if it breaks out successfully.
- CRV is consolidating in a bullish flag pattern and testing its 200-day moving average, with a potential 49% upside to $0.8274 resistance zone upon breakout.
- Both tokens show bullish MACD crossovers, but sustained momentum and volume will be crucial to confirm lasting uptrends amid uncertain broader market conditions.
Date: Tue, April 01, 2025 | 03:54 PM GMT
The cryptocurrency market has kicked off Q2 on a bullish note, with Ethereum (ETH) surging by over 4% today, marking a potential shift in momentum after a historically bearish Q1.
As overall sentiment slowly begins to shift in a more positive direction, altcoins like Worldcoin (WLD) and Curve DAO Token (CRV) are starting to show upside momentum with noticeable gains today.
Both tokens had been under heavy pressure over the past few months, but their technical setups hint at a potential recovery brewing on the horizon.
Worldcoin (WLD) Analysis
WLD’s daily chart reveals a falling wedge pattern—a classic bullish reversal setup that has been forming for almost a year. The recent correction, which began in early December from the high of $4.18, dragged WLD down over 85%, bottoming out at $0.72 on March 11. This level saw buyers step in to defend key support, signaling a possible trend reversal.
Since then, WLD has rebounded to above $0.84 and is now approaching the upper boundary of the wedge, as well as the 50-day moving average (MA). If the price breaks out and holds above this resistance with a successful retest, WLD could aim for the 200-day moving average and the $2.80 zone—representing a potential 202% rally from current levels.
The MACD indicator is also showing signs of a bullish crossover, reinforcing the likelihood of a breakout. However, failure to breach resistance could see WLD re-test lower support levels before attempting another move upwards.
Curve DAO Token (CRV) Analysis
On the other hand, Curve DAO Token (CRV) is consolidating within a classic bullish flag pattern. This formation took shape after the token was rejected at the $1.33 resistance level on December 7, leading to a sharp correction. The recent decline brought CRV down to a low of $0.46 where 50 D MA acted as support.
Currently, CRV has recovered to $0.54, testing its 200-day MA, and is edging closer to the upper resistance of the flag. A breakout from this formation, followed by a confirmation retest, could pave the way for a move toward the 100-day MA and the $0.8274 resistance zone, representing a potential 49% upside from current price levels.
The MACD is also turning positive, adding further confluence to the bullish outlook.
What’s Ahead?
While WLD and CRV are showing early signs of a recovery, the broader market conditions remain uncertain. Bulls will need to sustain their momentum and push prices beyond key resistance levels to confirm a lasting uptrend. Traders should keep an eye on volume and macroeconomic trends to gauge whether this recovery has real staying power or if another correction is on the horizon.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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