- Worldcoin (WLD) surged 12% following a recent falling wedge breakout, showing early signs of strength despite broader market volatility.
- WLD is forming a Bearish Butterfly harmonic pattern on the daily chart, which often results in bullish continuation during the CD leg when price enters the Potential Reversal Zone.
- The cryptocurrency has reclaimed its 200-day moving average at $0.993, flipping it into strong support and strengthening the case for further upside.
- If bulls defend the 200-day MA, WLD could target the PRZ between $1.88 and $2.19, representing the Butterfly completion zone and major short-term upside targets.
Date: Sun, Sept 07, 2025 | 05:40 AM GMT
The cryptocurrency market remains slightly choppy as Bitcoin (BTC) consolidates near $110,000, while Ethereum (ETH) hovers around $4,300 after retreating from its recent high of $4,953. Despite this broader volatility, several altcoins are delivering mixed performances, with Worldcoin (WLD) beginning to flash early signs of strength.
WLD is trading back in the green today with an impressive 12% jump following its recent falling wedge breakout. More importantly, its latest chart structure suggests that more upside could be on the horizon.
Harmonic Pattern Hints at Potential Upside
On the daily chart, WLD is forming a Bearish Butterfly harmonic pattern. Despite its name, this setup often results in a bullish continuation during the CD leg, especially when the price enters the Potential Reversal Zone (PRZ).
The structure began at point X ($1.649), dropped to A, rallied to B, and then retraced lower to C near $0.8594. Since then, WLD has started recovering and is now trading around $1.01.
A key development is that WLD has just reclaimed its 200-day moving average ($0.993), flipping it into strong support. This move strengthens the case for a bullish continuation.
What’s Next for WLD?
If bulls manage to defend the 200-day MA ($0.993), WLD could push higher toward the PRZ between $1.88 (1.272 Fibonacci extension) and $2.19 (1.618 extension). These levels mark the Butterfly completion zone and could act as major upside targets in the short term.
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