A Major Technical Signal for Worldcoin (WLD)
The Worldcoin (WLD) asset, developed within Sam Altman’s digital identification ecosystem, is bouncing back after a decline of over 50% since the beginning of the year. However, based on a harmonic formation detected on its Heikin Ashi candlesticks, WLD could still see a significant appreciation.
This type of harmonic pattern, well-known to technical analysts for predicting bullish correction movements, is currently visible on WLD’s daily chart. The forming Cypher pattern structure is as follows:
- Point X: Technical rejection at $1.35 around February 10th
- Point A: Correction to ~$0.87
- Point B: Intermediate rebound
- Point C: Sharp plunge to around $0.5670 (April 7th), representing -58% from the peak
- Point D (projected target): Estimated near $1.18, corresponding to 78.6% Fibonacci retracement of leg XC
Currently trading around $0.91, indicating a potential +30% increase if Point D is reached.
Before aiming for $1.18, the bulls will need to break a major resistance around $1.05, corresponding to the 61.8% Fibonacci retracement. This level could act as a catalyst for a bullish acceleration upon a clear breakout supported by volumes.
Momentum indicators, especially the MACD, are starting to turn positive, supporting the short-term trend revival thesis. Furthermore, the overall structure remains technically favorable, with RSI indicating room for progression before overbought conditions, and trading volumes showing a gradual increase in buyer interest.
Likely Scenario for the Coming Weeks
With the support of the Cypher harmonic pattern and a recovering market environment, Worldcoin (WLD) could be poised for an extended bullish move. Key technical levels to watch are:
| Level | Role | Notes |
|---|---|---|
| $1.05 | Intermediate Resistance | Critical validation zone |
| $1.18 | Cypher Target | +30% from current price |
| $0.85 | Short-term Support | A drop below this level would invalidate the bullish scenario |
Worldcoin (WLD) is not only benefiting from a technical signal. The project is also positioned favorably in the medium term due to its vision of identity decentralization through blockchain. In a context where European (MiCA) and global regulations are tightening, Web3 solutions focused on digital identity could attract more institutional attention.
Furthermore, the current technical analysis shows a confluence of bullish signals, a factor rarely disregarded in professional crypto trading strategies.
