This bullish breakout marked a reversal from a multi-week downtrend and reinforced confidence in short-term upside potential. As the price moved past key resistance levels, traders began reassessing WLD’s structure for continuation opportunities.

Currently trading around $0.96, WLD has posted a 20.59% gain in the past 24 hours, with strong trading volume exceeding $600 million. The breakout was supported by a series of higher lows and rising momentum indicators, with analysts now watching the $1.12 resistance level for confirmation of a further uptrend.

As Worldcoin price continues to hold above ascending support and the 50-period moving average, its price trajectory remains a focus for bullish continuation setups and retest entries.

Worldcoin Price Holds Above Trendline with Bulls Eyeing $1.32

Worldcoin (WLD) Coin Price completed a technical breakout from a falling wedge pattern, reaching its projected target of $1.05, as confirmed by analyst Crypto Joe. The chart showed a multi-day wedge formation, which is often associated with a bullish reversal. After breaking above the wedge resistance, WLD Coin Price moved steadily higher, fulfilling the pattern’s measured move without major retracement.

Source: Crypto Joe, X

The asset was trading near $0.935 at the time of the analyst’s update, comfortably above the 50-period moving average at $0.896 on the 1-hour chart. This close above a short-term moving average suggests support is forming at higher levels. The move has shifted short-term sentiment, with traders now focusing on whether the $0.90 zone can act as a new support base to sustain continued upside momentum.

Trendline Support Offers Potential Entry Zone

Analyst Crypto VIP Signal shared a separate view, noting that WLDCoin Price has been respecting an ascending trendline since early May. WorldCoin Price action bounced near the $0.86 region, which marks the current base of this trendline. While the uptrend remains intact, the analyst advises watching for further confirmation signals before entering long trades.

Source: Crypto VIP Signal, X

At press time, WLDCoin Price hovered around $0.96, following a 5.48% gain over 24 hours. Despite the recent increase, the possibility of a near-term pullback toward $0.86 has not been ruled out. If this zone is retested and holds as support, traders may view it as a reliable area for entries. However, any bullish continuation would require confirmation through formations such as a higher low or a strong daily close.

WLD Records Strong Daily Gains Amid Increased Volume

Worldcoin Price gained 20.59% in the last 24 hours, reaching an intraday peak of $1.11. The price advanced sharply from the $0.90 range, breaking through the psychological $1.00 resistance and consolidating just above $1.10. This price action suggests continued interest from buyers, with momentum sustained across multiple hourly sessions.

Source: BraveNewCoin

Trading volume increased alongside the price, reaching $605.1 million. The volume behavior reflects broader market participation during the rally, with rising liquidity seen on each move upward.

WorldCoin volume spike in the latter half of the session, combined with flat price consolidation, may indicate a continuation phase forming above the $1.10 zone. Moreover, the market cap of Worldcoin now exceeds $1.92 billion, positioning the token within the top 100 digital assets by capitalization.

Traders Monitor $1.12 and $1.32 for Continuation.

With the initial breakout target now reached, analysts are looking toward higher resistance zones. The $1.12 mark serves as the immediate level to watch, followed by stronger historical resistance between $1.32 and $1.41. These levels were last active during previous upward moves earlier in the year and may influence future price behavior.

If WLDCoin Price holds above the $0.90–$0.96 consolidation zone and volume remains elevated, there may be scope for additional upside. Traders will be assessing upcoming hourly and daily closes to determine whether the breakout structure remains valid. For now, the $1.32 level stands as the next technical target, should bullish momentum continue in the near term.

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Filed under: Bitcoin - @ July 11, 2025 7:15 pm