Date: Mon, Nov 03, 2025 | 05:30 AM GMT
The cryptocurrency market is shading its weekend upside momentum as both Bitcoin (BTC) and Ethereum (ETH) slide by 2% and 3% respectively, putting significant pressure on major altcoins — including Worldcoin (WLD).
WLD has dropped around 7% today, but beneath the bearish momentum, its chart is hinting at something potentially more optimistic — a developing harmonic pattern that could be signaling a short-term rebound.
Bearish Gartley Pattern in Play?
On the 4-hour chart, WLD appears to be forming a Bearish Gartley harmonic pattern — a technical setup often known for marking potential reversal zones. Typically, once the final leg of this pattern (point D) completes, price tends to rebound from that level, leading to a short-term bullish move.
The formation began at Point X near $0.9645, followed by a sharp drop to Point A, a rebound toward Point B, and another decline that took prices to Point C near $0.7796. After testing that level, WLD has shown early signs of stabilization, currently consolidating around $0.7983 as traders look for confirmation of the next directional move.
Adding to the setup, WLD’s 50-hour moving average (MA) — currently hovering near $0.8650 — acts as an important technical barrier. A clear breakout and sustained hold above this MA could reinforce the bullish argument, flipping the short-term structure from pressure to potential accumulation.
What’s Next for WLD?
For the harmonic bullish setup to remain valid, WLD must hold above the $0.7796 support (Point C) while attempting to reclaim the 50-hour MA. If bulls manage to maintain this structure, the harmonic projection suggests a possible move toward the Potential Reversal Zone (PRZ) between $0.9219 and $0.9645, aligning with the 0.786 to 1.0 Fibonacci retracement levels.
This target area represents roughly a 20% potential upside from current levels — a sign that Worldcoin could be gearing up for a meaningful short-term rebound if broader market sentiment stabilizes.
However, traders should remain cautious. The pattern is still in its developing phase, and any decisive break below Point C could invalidate the setup, exposing the token to further downside before a firmer base forms.
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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