Date: Mon, May 19, 2025 | 02:25 PM GMT
After a strong recovery in recent weeks, the broader crypto market is once again facing turbulence. Ethereum (ETH), which had surged to highs of $2,700, has retraced to around $2,400 — down over 4% in the last 24 hours. This renewed volatility is dragging down sentiment across major altcoins.
One such coin feeling the pressure is Worldcoin (WLD). Although WLD still boasts a solid 51% gain over the past month, recent price action suggests it’s entering a crucial juncture. A closer look at the technical setup reveals a familiar structure forming — potentially signaling a powerful move ahead.
Power of 3 Pattern Forming on WLD?
Analyzing the 4-hour chart of WLD, the price action seems to be playing out the classic “Power of 3” Wyckoff-style structure, popular in smart money trading strategies. This setup unfolds in three distinct phases: accumulation, manipulation, and expansion/distribution.
Accumulation Phase:
Between May 10 and May 15, WLD traded within a well-defined sideways range between approximately $1.17 and $1.36 (highlighted in the gray box). This kind of sideways movement often represents the accumulation phase, where institutional players quietly build positions before a major move — all while avoiding major price volatility.
Manipulation Phase (In Progress)
On May 15, WLD broke down below the lower boundary of the accumulation range, plunging to as low as $1.05. This abrupt decline likely triggered stop-losses and panic sells from retail traders — a textbook example of a “fake-out” or shakeout move.
This move into the red zone could be part of the manipulation phase, where smart money absorbs liquidity at lower prices while retail sentiment turns bearish. Currently, WLD is attempting to reclaim the $1.17 zone. A sustained break above this level would indicate strength and potentially confirm the transition into the next stage.
Expansion Phase (Potential)?
If the price successfully reclaims the $1.17–1.18 level and eventually clears the top of the previous range at $1.36, WLD could enter a rapid expansion phase. The target for this potential breakout is around $1.67, which aligns with the green projection zone on the chart — suggesting a 50%+ potential upside from current levels.
This expansion move would signal that the Power of 3 pattern has played out fully, potentially leading into a distribution phase where profits are taken and the market may consolidate once again.
Final Thoughts
Worldcoin (WLD) is at a critical technical inflection point. The ongoing Power of 3 structure suggests a potential bullish reversal — but only if WLD can reclaim key levels.
However, broader market conditions remain uncertain. Ethereum’s recent pullback has weakened overall sentiment, and if ETH continues to decline, it may drag WLD and other altcoins lower in the short term. Conversely, a rebound in ETH could act as a bullish catalyst and reignite upward momentum.
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