Date: Sat, Sept 06, 2025 | 06:30 AM GMT
The cryptocurrency market is continuing its choppy consolidation as Ethereum (ETH) hovers around $4,300, cooling off from its recent high of $4,954 — a drop of more than 13% in just weeks. This weakness has spilled over into major altcoins, but Worldcoin (WLD) is beginning to show early strength
WLD is trading back in the green today, and more importantly, its chart is now displaying a key bullish breakout that hints at a potential upside move in the sessions ahead.
Falling Wedge Breakout
On the daily chart, WLD has confirmed a Falling Wedge breakout — a bullish reversal structure that typically signals the end of a downtrend and the start of upward momentum.
The wedge developed from the July 22 peak near $1.40, with price steadily sliding lower while finding repeated support around the trendline base. Recently, WLD rebounded strongly from $0.83 and pierced through the wedge’s resistance trendline near $0.888, pushing its price slightly higher to around $0.91.
This breakout is a key early signal that momentum may be shifting in favor of the bulls.
What’s Next for WLD?
In the near term, WLD may retest the breakout trendline before attempting a stronger upside rally. A decisive reclaim of the 200-day moving average (MA) at $0.99 would serve as a powerful bullish confirmation.
If that occurs, upside momentum could accelerate quickly, with the next key technical target sitting around $1.40, matching the wedge’s measured move projection and prior high.
However, if WLD fails to hold above the breakout level, short-term weakness could persist — making the $0.83 zone a critical support to watch.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.