*With A Bullish Reversal, Can Worldcoin (WLD) Price Hit $3?*
The launch of Worldcoin’s world ID on the Solana chain has resulted in its native token “WLD” price recording a jump of ~5% in hours.
Moreover, with the rising volatility in the crypto market, the altcoin hints at the possibility of experiencing a major breakout.
WLD Price On The Verge Of A Breakout?
Amid increased price volatility in the crypto market, the Worldcoin price has added 1.29% in the past day with a trading volume of $101.27 million. Moreover, it has formed a symmetric triangle pattern and has continued trading within it since mid-July.
Despite recording a jump of ~4% over the past week, it has dropped 1.88% during the past month and has a YTD return of -59.68%. This highlights a long-term bearish sentiment for the altcoin in the market.
The Relative Strength Index (RSI) continues hovering close to its neutral point in the 1D time frame. This indicates a weak buying and selling pressure for the altcoin in the crypto market.
*Will Worldcoin Prices Go Up?*
If the bulls regain momentum, the WLD price could break out of its resistance trendline of the triangle pattern. Maintaining the price above that range could set the stage for this altcoin to test its upper resistance level of $3.30 in the coming time.
On the flip side, if the bears regain momentum, the Worldcoin price will retest its crucial support level of $1.350. Further, if the bears continue to dominate the market, this could result in it possibly recording a new yearly low.
