Traders are turning bullish on Worldcoin (WLD) following a breakout from a key support level. An analysis by Rose Premium Signals highlights a breakout-and-retest setup, suggesting strong upside potential.
The tweet encourages traders to check the weekly charts, arguing that skepticism about the market may be misplaced. With mid-term and long-term targets set, traders see potential gains of over 200%, signaling a substantial momentum shift for WLD.
What you'll learn 👉
Worldcoin Breakout and Retest in Progress
According to Rose Premium Signals, WLD has broken above a key resistance zone near $2.81. The analysis suggests that this breakout marks a crucial shift in market structure.
💰 $WLD It's a clear breakout off the key support zone on the Weekly Timeframe + break and retest in progress 👀
— Rose Premium Signals 🌹 (@VipRoseTr) January 20, 2025
You’re doubting this market?!! 😳
Just check the Weekly Charts, and you’ll turn bullish like me 🚀
🎯Mid-Term Target – 7.517$
🎯Long-Term Target – 10.648$ pic.twitter.com/sHNCz0y8yP
Previously, the asset was in a downtrend, facing strong selling pressure after its initial surge. However, WLD found strong support between $1.80 and $2.00, leading to an extended accumulation phase. At publication, WLD trades around $1.90, down 4.92% over the day.
Now, after breaking resistance, WLD appears to be in a “break and retest” pattern. This technical setup involves a retest of the previous resistance as support before a potential bullish continuation. If WLD holds the $2.81 level, the analysis suggests a strong move toward the mid-term target of $7.517.
WLD Technical Levels to Watch
Rose Premium Signals identifies critical price levels traders should monitor. The $2.81 level, which acted as resistance, is now being tested as support. A successful hold at this level could confirm a new bullish trend.
The next resistance area sits at $7.517, marking a potential mid-term profit zone. If the bullish momentum continues, WLD could push toward $10.648 in the long term.
However, if WLD fails to sustain above $2.81, it could signal a false breakout. In that case, the price may drop back to the $1.80–$2.00 accumulation zone before another breakout attempt.
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Traders Eyeing Bullish Momentum
The sentiment around WLD has shifted positively, with analysts pointing to a potential trend reversal. Rose Premium Signals suggests that many traders remain skeptical, but the weekly chart structure supports a bullish outlook. The analysis indicates that if buyers step in during the retest phase, the asset could see a strong upward continuation.
With technical patterns aligning in favor of the bulls, traders are closely watching whether WLD can maintain its breakout structure. A confirmed retest at $2.81 could solidify the bullish case, paving the way for higher price targets in the coming weeks.
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