Worldcoin (WLD) breakout of the descending channel model as bulls target $4

Worldcoin (WLD) is currently trading within a descending triangle pattern, indicating a lack of buying strength and the potential for further price declines in the near future. According to analysis, the WLD price could drop even further if it does not break out of this pattern. Currently, if the price remains below the $2 mark, approaching lower support levels such as $1.31 is very likely. Conversely, if there is a breakout above the descending trendline, this could lead to a strong increase towards $2.12 and potentially reach $4.19 in the future.

Technical indicators also show that bears are in control, indicating that selling pressure will continue to pose significant challenges for WLD. The recent strong growth due to the success of the World ID project is not enough to overcome the current resistance barriers and selling pressure, which diminishes the bullish outlook in the short term.