Worldcoin (WLD) Eyes $4 Target as Bullish Pattern Drives Upward Momentum

• Worldcoin broke above the $2.18 neckline, marking reduced bearish pressure and hinting at potential bullish continuation.
• Indicators like RSI (62.50) and MACD show strengthening momentum, supporting WLD’s move toward $3.01 and $3.20 targets.
• Volume at 43.15M highlights strong buyer interest as WLD eyes resistance at $2.800, with $3.000 as the next psychological level.

Analyst Ali identifies a bullish pattern for Worldcoin ($WLD), explaining its potential to lead to an upward price move. The asset is forming a Head and Shoulders bottom, typically suggesting a reversal. The head, located at $1.28, is flanked by two shoulders near $2.18, showing notable symmetry. 

This setup suggests a transition from bearish to bullish momentum as the price consolidates near the neckline. Worldcoin has also broken above a descending trendline, boosting the idea of increasing buyer strength.

Breakout Momentum and Fibonacci Insights

The upward trend began as WLD broke through a descending trendline originating near $11.97. The breakout above $2.18 indicates reduced bearish pressure. Fibonacci retracement levels provide critical insight into future movements. 

These levels highlight resistance at $3.01, $5.10, and $7.42, with $2.54 serving as a critical base above $2.18. Current price action aligns closely with Fibonacci targets, suggesting WLD could test higher levels soon.

Measured projections based on the Head and Shoulders structure show a vertical distance of $0.90, added above the neckline. This calculation estimates a target zone of $3.10–$3.20, further validated by nearby Fibonacci levels. However, maintaining support above $2.18 is essential to prevent a reversal.

Indicators Show Strength in Momentum

At press time Worldcoin was trading at $2.597, up by 1.88% in the past 24 hours. Notably, the RSI value of 62.50 indicates upward momentum while staying below the overbought threshold. 

The MACD line at 0.110 remains above the signal line, reinforcing bullish sentiment. This indicator shows strong buying interest, with its histogram also supporting continued upward movement.

Volume and Key Support-Resistance Levels

Trading volume stands at 43.15M, marking increased market activity as prices approach resistance. Immediate resistance lies at $2.800, with the psychological $3.000 level next in focus. On the downside, support at $2.500 and $2.300 will be critical. High volume near $2.800 could confirm a breakout. However, failure to sustain momentum might lead to consolidation within the $2.500–$2.800 range.