- Worldcoin (WLD) has surged over 60% in the last month and recently broke out of a long-term descending channel, signaling a potential trend reversal.
- WLD is currently testing key resistance at $1.30-$1.33 within an ascending triangle pattern, showing consistent higher lows and sustained buying pressure.
- A successful breakout above $1.30 could target $1.75, $2.50, $3.18, and potentially $4.05, representing up to 218% upside from current levels.
- The potential rally is supported by Bitcoin hitting a new all-time high of $111,861 and Ethereum's 62% monthly jump uplifting altcoin sentiment.
Date: Thu, May 22, 2025 | 12:05 PM GMT
The cryptocurrency market has mounted a solid comeback in recent weeks from its bearish Q1. Bitcoin (BTC) has managed to melt faces with today’s new all-time high of $111,861, while the impressive 62% monthly jump of Ethereum (ETH) is uplifting sentiment across altcoins — including Worldcoin (WLD).
WLD has surged over 60% in the last month, and the charts suggest it might not be done yet. Technical analysis points to a potential major breakout forming on the horizon.
WLD Testing Key Resistance
According to crypto analyst @JohncyCrypto, WLD recently broke out of a long-term descending channel on the daily chart — a major technical development that often signals trend reversal. After months of lower highs and lower lows, the bulls are finally taking control.
As seen in the chart below, WLD has transitioned into forming an ascending triangle, a bullish continuation pattern. The price is currently testing the upper boundary of the triangle near the $1.30-$1.33 resistance zone, a level it has struggled to break above in recent weeks.
The price action is showing consistent higher lows, indicating sustained buying pressure. The volume profile also shows increasing accumulation, while the Relative Strength Index (RSI) is climbing yet still remains below the overbought zone — giving WLD room to rally further.
What’s Next for WLD?
If WLD can break above the current resistance zone around $1.30 with strong volume, a breakout confirmation could be in play. This would open up bullish targets at:
- $1.75
- $2.50
- $3.18
- And potentially $4.05, as marked by the next major resistance zone on the chart, which is still 218% up from the current price.
This could be the beginning of a multi-stage rally for Worldcoin, especially if Ethereum (ETH) — currently testing a key resistance at $2,700 — manages to break out as well. A surge in ETH often acts as a tailwind for altcoins including WLD to enter price discovery.
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