The asset recently broke out of a multi-month symmetrical triangle and is now retesting critical support levels. Price structure and momentum indicators suggest continued upside may follow. Traders are closely monitoring the current consolidation for a potential move toward the $2.00 mark.

Symmetrical Triangle Breakout Shows Structural Shift

The daily chart shared by analyst Crypto Mullah (@MOLVI_Y3) highlights a breakout from a symmetrical triangle that developed between January and mid-July 2025.

This technical formation typically signals indecision followed by a breakout once the price exits either side of the triangle. WLD breached the triangle’s upper resistance near $1.35, with price action confirming the breakout and returning to retest the structure as new support.

Source: X

The current zone around the upper boundary is considered key. If Worldcoin maintains its position above this support line, it may complete the classic breakout-retest-bounce sequence. This structure is often observed before a continuation rally.

Volume preceding the breakout increased significantly, while the post-breakout pullback has been accompanied by lower volume, a behavior commonly seen during bullish consolidations. If a bounce materializes, potential upside projections range between $2.70 and $3.00.

Price Action and Market Activity Support Trend Continuation

Worldcoin gained 5.82% over the past 24 hours to trade at $1.16. Intraday movement displayed a steady recovery following a brief dip, with the price stabilizing near the session high.

The market cap reached approximately $2.09 billion, and 24-hour volume climbed to $289.96 million. The asset’s circulating supply remains stable at 1.79 billion WLD, suggesting that the upward move was driven primarily by demand rather than a change in supply conditions.

Source: BraveNewCoin

The short-term price structure shows support forming between $1.12 and $1.16. This range, backed by rising volume and repeated higher lows, often precedes a breakout continuation. Should price remain above $1.15, traders may look toward resistance levels at $1.20 and $1.25.

A sustained hold above this zone could confirm the market’s willingness to push higher. Conversely, failure to hold support may indicate a retracement phase before the next potential leg upward.

Momentum Indicators Favor Bullish Continuation at Time of Writing

At the time of writing, WLD trades at $1.161. Technical indicators such as the MACD and Chaikin Money Flow (CMF) provide signals aligned with bullish momentum. The MACD line at 0.061 remains above the signal line at 0.057, reflecting continued upward pressure.

Although the histogram is currently flat at 0.004, it has not turned negative, suggesting that the market is stabilizing rather than reversing.

Source: TradingView

The CMF indicator registers a positive reading of +0.15, reinforcing capital inflow into the token. Readings above +0.10 often correlate with institutional or sustained investor interest. Since late June, the CMF has shown a pattern of rising lows, consistent with increased accumulation.

As long as CMF remains above zero and MACD does not cross to the downside, the trend structure favors a potential upward breakout. If volume accelerates while price holds above current support, WLD may retest the $1.80 level and set sights on the $2.00 psychological target.

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Filed under: Bitcoin - @ July 26, 2025 5:30 pm