Worldcoin (WLD) Price Action and On-Chain Data Signal Significant Upside Potential: Here’s the Next Key Target
A detailed chart analysis from Ali Charts reveals that Worldcoin ($WLD) has formed a bullish Head and Shoulders bottom pattern, breaking out above the $2.20-$2.30 resistance zone.
This technical formation, combined with strong on-chain metrics, suggests a potential surge toward the $4 mark. The pattern’s structure shows solid support at $1.28, with multiple successful tests of higher lows forming the shoulders.
The recent breakthrough of the neckline near $2.30 validates the bullish reversal signal, projecting a technical target around $4, representing a 50% move from current levels.
Crypto analyst Ali in another post noted a minimal overhead supply resistance, indicating room for upward movement. The price action demonstrates increasing buy pressure, supported by rising trading volumes at crucial breakout points.
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For traders monitoring this setup, the former resistance at $2.20-$2.30 now serves as key support. While $4 presents the immediate target, historical price action suggests potential resistance could emerge in the $5-$7 range.
The bullish thesis remains valid as long as price maintains above the $2.10 support level.
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