The post Worldcoin Price Climbs While Holding Support in Triangle Pattern appeared on BitcoinEthereumNews.com.

Worldcoin (WLD) is showing renewed volatility as analysts highlight critical technical patterns shaping its near-term outlook. According to Pelin Ay, WLD is consolidating within a symmetrical triangle, a setup that often precedes a decisive breakout. The token recently tested key support near $0.90 before rebounding strongly to $0.98, marking a 5.15% daily gain. Rising trading volume above $167 million underscores increased investor activity, with $1.00 now emerging as a major resistance level. At the same time, USDT dominance saw a sharp decline, signaling liquidity rotation into cryptocurrencies. The drop through Fibonacci levels reflects accelerating momentum, potentially fueling bullish moves across altcoins and Bitcoin. Together, these shifts suggest rising optimism in the crypto market. Consolidation Within Symmetrical Triangle Worldcoin continues to trade within a symmetrical triangle formation, a technical setup often associated with consolidation phases. The current pattern has been marked by price compression, with both buyers and sellers waiting for a decisive breakout. Such formations usually resolve when volatility contracts, creating a directional move that defines the next phase of market activity. WLDUSDT Chart | Source:x At present, the asset is testing the lower boundary of the triangle. This level is viewed as a crucial point, as a loss of support could expose the token to deeper declines. Analyst Pelin Ay notes that a breakdown may send prices toward $0.57, while a rebound would strengthen the case for renewed upside momentum. Key Levels for Traders The technical structure suggests two immediate outcomes. Holding the support zone could open paths toward higher resistance targets, specifically around $1.20 and $1.86. On the other hand, failing to maintain current levels could trigger additional selling pressure. The symmetrical triangle’s nature means that traders will be monitoring volume and price interaction closely to anticipate direction. The relative strength index (RSI) currently sits near neutral levels,…

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Filed under: News - @ August 23, 2025 1:26 am