Worldcoin (WLD) has shown a notable rebound from its recent support levels, with analysts observing technical signals that could suggest the beginning of a broader recovery for the token. However, the move remains at a critical juncture, and traders are watching to see whether buyers can sustain momentum above several key resistance zones.
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AAPLPotential morning star pattern points to bullish potential
A recent analysis of the weekly WLD chart has highlighted the emergence of a possible morning star candlestick formation near the $0.30 support area. Traditionally, this pattern includes a sequence of candles—one bearish, one small-bodied, and one bullish—which together often indicate that selling pressure is weakening and a trend reversal could be underway following a prolonged decline.
For Worldcoin, this technical signal has appeared after a period marked by steady downward movement, lending weight to the case for at least a pause in the broader downtrend. If buyers can build on this setup, targets in the $0.44 to $0.50 zone may become achievable.
Mini dictionary: Morning star pattern, a three-candle chart formation used by technical analysts to identify potential bullish reversals after a downtrend.
The morning star signal on the weekly Worldcoin chart has emerged near $0.30, raising the possibility that selling pressure could be receding. Still, traders typically look for further follow-through before treating this pattern as a confirmed reversal.
Despite these encouraging signs, the pattern alone is not enough to establish a lasting uptrend. WLD remains below several key moving averages, and additional upward movement is needed to confirm a long-term reversal.
Short-term recovery meets resistance at multiple technical levels
Following the bounce from the $0.30 support zone, WLD moved into the $0.34–$0.35 range. This rally, while notable, has yet to produce a decisive higher-high that would indicate a confirmed trend shift.
Technical analyst TheSignalyst described the current environment as one where demand is holding, but the structure has not yet broken to the upside. The analysis identifies the $0.37–$0.38 region as the critical resistance that needs to be cleared for a stronger bullish move.
On lower timeframes, a break above a long-term descending trendline near $0.3396 has been identified, putting support at $0.3340 and the next resistance area between $0.38 and $0.40.
| Support Levels | Resistance Levels | Technical Reference |
|---|---|---|
| $0.30–$0.32 | $0.35–$0.40 | Pivot, moving averages |
| $0.3340 | $0.38–$0.40 | Trendline break |
| — | $0.44, $0.50 | Chart targets |
Recent upward price movement has coincided with renewed attention thanks to Eightco Holdings’ disclosure of holding 283 million WLD tokens and Grayscale’s filing for a spot Worldcoin ETF under the ticker GWLD. While the ETF proposal provided a positive catalyst, its approval and launch remain subject to regulatory scrutiny.
The broader technical landscape remains mixed. Momentum and MACD readings are showing some improvement, but several oscillators such as the RSI and Stochastic remain neutral, reflecting an absence of a decisive trend. The Relative Strength Index, for example, sits close to 49, showing neither overbought nor oversold conditions.
Moving averages highlight ongoing challenge for a lasting reversal
Worldcoin’s price is currently above its 10-period and 20-period moving averages, helping to support the ongoing rebound. The 30-period and 50-period EMAs, at approximately $0.3454 and $0.3649 respectively, present the first significant layers of resistance. The 100-period EMA is near $0.3790, overlapping with the main resistance zone analysts are monitoring.
Looking further ahead, the 200-period EMA near $0.4339 aligns with the $0.44 target zone identified from the morning star pattern. Until these higher-level averages are reclaimed, the move is best viewed as an early recovery rather than a clear-cut reversal of the long-term trend.
The Ichimoku Base Line, another technical indicator, adds to the resistance picture by sitting around $0.3525, very close to the current price region.
Pivotal levels for Worldcoin price prediction
Various pivot calculations put WLD at a crossroads, with classic, Fibonacci, and Woodie’s pivots all indicating that $0.35–$0.40 represents the critical resistance band. The classic pivot point is about $0.3482, with subsequent resistance at $0.4011 and $0.5025. Fibonacci calculations show the first resistance at $0.4071, and Woodie’s gives $0.3771.
On the downside, $0.30–$0.32 is considered the main support zone. Loss of this area could undermine the recent recovery and bring deeper declines into play.
The $0.35–$0.40 resistance zone aligns with several key technical references across chart patterns, moving averages, and indicator levels, making a decisive break above this region pivotal for the next phase of price action.
If buyers succeed in holding above support and breaking through the identified resistance, targets of $0.44 and as high as $0.50 could come into focus. However, if sellers regain control below $0.30, the morning star reversal setup would likely be invalidated.
