With growing momentum in its favor, this analysis explores the recent bullish momentum behind WLD and assesses whether it has the potential to trigger a major breakout. By evaluating key resistance levels, technical indicators, and overall market sentiment, we seek to determine if this rally can push the token to new highs or if a reversal is on the horizon.

Analyzing Recent Gains Of Worldcoin

An analysis of the 4-hour Relative Strength Index (RSI) reveals renewed bullish potential, as the RSI has surged to 77% after dipping to 52%. A reading above 70% often signals that an asset is approaching overbought conditions, indicating that WLD could experience short-term consolidation or profit-taking. However, if the buying pressure persists, it could lead to further upward movement, driving the price toward higher resistance levels.

Furthermore, the daily chart shows that Worldcoin is experiencing considerable pressure on the upside, characterized by a series of bullish candlestick formations. This positive trend is underscored by the asset’s position above the critical $2.1 support level and the 100-day SMA. As WLD maintains this upward trajectory, it reinforces optimistic sentiment in the market, setting the stage for potential gains as it approaches higher resistance levels.

Can WLD Maintain Its Uptrend, Or Will Bears Intervene?

WLD is currently exhibiting strong, upbeat momentum as it approaches the $3.2 resistance level. A successful breakout above this mark could unlock additional gains, potentially driving the price toward the $5.2 resistance level.