Top analysts via X have shared technical analyses suggesting Worldcoin (WLD) may experience a notable price movement.
CryptoBull_360 and Zen have shared their insights on the token’s price action and potential breakout targets. Both analysts emphasize bullish patterns emerging on WLD’s charts.
WLD Ascending Triangle Points to Possible 50%-60% Upside
The WLD 4-hour chart shows an ascending triangle pattern that is highlighted by CryptoBull_360. Many people consider this pattern to be bullish, indicating that once the price breaks above the horizontal resistance, it is likely to continue rising.
The analysis indicates that $2.75 is the important resistance level. A substantial rise over this level, backed by rising volume, would push the price up to the $4.00–$4.50 zone, which would be a 50%–60% increase over the current levels..
#WLD is getting ready for massive breakout from ascending triangle pattern in HTFs, Strong flip off from the trendline +horizontal resistance zones will trigger 50%-60% massive move from the zone, Volume rising as good momentum, keep an eye on$WLD #WLDUSDT #Worldcoin pic.twitter.com/N1PMZ2eh5N
— CryptoBull_360 (@CryptoBull_360) November 28, 2024
The tweet also notes the importance of the ascending trendline, which has consistently provided support as the price climbed. The combination of rising volume and positive momentum further strengthens the case for a breakout.
However, traders are advised to remain cautious and consider risk management strategies, such as placing stop-loss orders near the $2.50 mark.
Read also: Why Is Algorand (ALGO) Price Up?
Multi-Timeframe Bullish Signals Highlighted by Zen
Analyst Zen reinforces the bullish sentiment on WLD. According to Zen, the token has already confirmed a higher low, a key indicator of bullish strength.
Monthly, weekly, and daily charts are all aligned in favor of upward price movement, suggesting that WLD is poised to break above one of the previous week’s highs.
Zen outlines potential target zones at $3.25 and $3.64 if the breakout materializes. However, the analysis also acknowledges the possibility of a temporary dip, with $2.65 identified as a level that traders should watch closely in early December.
Last time I wrote about $WLD it went up to all the marked targets and next swing down confirmed it was the bottom, as it formed higher low. Now month/week and day charts are all bullish and pushing price higher to breakout of one of previous week's highs. If succeed, next target… pic.twitter.com/g8QTzLINUK
— Zen (@WiseAnalyze) November 28, 2024
A breakout above $2.75 zone could signal the start of a strong upward trend, while failure to sustain above it might lead to short-term retracements. Rising trading volumes and a strong support base add to the optimism surrounding the token.
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The post This Worldcoin (WLD) Price Pattern Signals Potential 60% Surge appeared first on CaptainAltcoin.
