The post Worldcoin Consolidates Above Support with Potential for Continued Uptrend appeared on BitcoinEthereumNews.com.

Worldcoin (WLD) is holding steady above the crucial $1.00 psychological support, signaling resilience after a prolonged downtrend. Analyst Baykuş highlights that the token has reclaimed and consolidated above this level, with buyers defending the $0.99–$1.00 demand zone. This stability, coupled with a recent test of the $1.034 resistance, suggests growing bullish momentum if the support holds. Analyst AltCryptoTalk notes that the token maintains a medium-term bullish structure, trading within a flat rising channel for several months. The lower blue trendline near $1.02 remains key to sustaining the uptrend, with $1.50 identified as a longer-term target. At $1.03, WLD shows a 1.35% daily gain, supported by $143.54 million in trading volume, indicating steady demand despite cautious market sentiment. Worldcoin Consolidates Above Support with Potential for Continued Uptrend Worldcoin (WLD) is showing stability above the key $1.00 psychological level, as noted by analyst Baykuş. The 4-hour chart reflects that the token has reclaimed and consolidated above this threshold after an extended downtrend. This zone now serves as a crucial support for bullish market participants aiming to maintain upward momentum. Source:X The $1.00 mark has acted as a defensive line, with buyers repeatedly stepping in to prevent further declines. The token has also tested resistance at $1.034, facing some selling pressure but remaining near recent highs. A demand zone between approximately $0.99 and $1.00 is visible on the chart, indicating where buying activity has concentrated. Sustained trading above this area could encourage further interest from market participants, especially if supported by higher transaction volumes. Channel Formation Maintains Medium-Term Bullish Structure Analyst AltCryptoTalk observes that WLD continues to trade within a flat rising channel marked in blue on the medium-term chart. The channel’s boundaries have been respected for several months, suggesting that price action has remained controlled within a gradual upward structure. This pattern…

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Filed under: News - @ August 9, 2025 5:27 pm