Worldcoin (WLD) Eyeing Breakout From Key Pattern – Is a Rally on Horizon?
By: coinsprobe|2025/05/10 08:45:06
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Date: Sat, May 10, 2025 | 08:10 AM GMTThe cryptocurrency market continues to build on its recent strength, with Bitcoin (BTC) and Ethereum (ETH) leading the charge. BTC has crossed the $103K mark, while ETH has soared more than 51% in the past 30 days, now trading above $2,400 — its highest level in months. This bullish wave is spilling into altcoins too, including Worldcoin (WLD).WLD is currently up over 6% today, pushing its monthly gain to an impressive 69%. Now trading near $1.20, the altcoin is showing a strong bullish structure — and based on the chart setup, this rally may just be getting started.Source: CoinmarketcapCup and Handle Pattern in PlayOn the daily chart, WLD is forming a textbook Cup and Handle pattern — a classic bullish continuation setup. The “cup” portion started to form after the neckline rejection at $1.26 back in late February, which led to a sharp 54% drop to $0.57 by April 7. That marked the bottom of the cup.Worldcoin (WLD) Daily Chart/Coinsprobe (Source: Tradingview)Since then, the price has recovered gradually, carving out the “handle” and bouncing off the 50-day moving average (marked by the red circle on the chart). The structure remains intact and well-formed, pointing toward a potential breakout.WLD is now trading around $1.20, just below the crucial neckline resistance at $1.26 — a level where it has faced rejection multiple times before. The dark green resistance zone on the chart highlights this key area. A clean breakout and daily close above $1.26 could confirm the Cup and Handle pattern and signal a strong upward continuation.What’s Next for WLD?If bulls manage to push past the neckline and hold it with a successful retest, the technical price target for the pattern sits around $1.90–$1.95 — representing a potential 62% upside from current levels.With the broader market trending upward, Worldcoin’s improving technical structure, and a bullish chart pattern in play, WLD might be on the verge of its next major breakout.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
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