Worldcoin is holding firm near the key $0.90 support level, with technical setups suggesting the potential for a strong rebound that could propel the token into double-digit price territory.
Recent price action, volume trends, and broader accumulation structures point to cautious optimism among traders, as the market balances within a clearly defined range ahead of a possible breakout.
Consolidation Within Key Trading Range Signals Indecision
Analyst Baykus highlights WLD’s clear range-bound price structure, trading between approximately $0.90 support and $1.15 resistance. This consolidation indicates indecision, where buyers and sellers are evenly matched, causing the price to oscillate without a clear trend. The repeated tests of these boundaries suggest liquidity is heavily concentrated at these levels, making them critical zones to monitor for potential breakouts or breakdowns.
Source: X
The $1.00 mark acts as a crucial pivot point within this range, with price frequently reverting to this midpoint after testing both the upper and lower limits. Traders often use these zones to enter mean-reversion trades, going long near the lower boundary and short near the upper one, explaining why he asset has remained confined within this sideways pattern. Volume and momentum will be key factors to observe in future attempts to breach these levels.
Looking ahead, a decisive close above $1.15 could expand the trading range and push the token toward $1.20 or even $1.25. Conversely, breaking below $0.90 risks a quick decline toward $0.86 or $0.80 as liquidity below support becomes vulnerable. This setup suggests heightened volatility may ensue once the range finally resolves—making patient, disciplined trading essential in the interim.
Intraday Performance Flags Momentum Loss but Shows Resilience
Additionally, BraveNewCoin’s 24-hour chart reveals a gradual decline from $1.01 toward intraday lows near $0.97, followed by a sharper pullback in the final hours. This steady weakening in price action points to an imbalance between buyers and sellers, signaling cautious market sentiment as demand diminishes near local highs.
Source: BraveNewCoin
Volume analysis complements this view, showing approximately $131 million traded, but with declining volume as the price fell. Thinning liquidity during downswings suggests that small sell orders could impact prices disproportionately, increasing volatility risks. Given the reduced trading activity, entering positions at recent lows requires caution to avoid getting caught in sudden moves.
Still, WLD maintains a sizable market cap of around $1.90 billion, with nearly 1.95 billion tokens circulating. This scale mitigates against extreme intraday swings typical in smaller-cap tokens. A recovery above the $0.99–$1.00 zone with strengthened volume would signal renewed bullish interest. Until this occurs, sideways price action around $0.95 to $0.97 is the most probable near-term scenario.
Broader Accumulation Structure Supports Bullish Outlook
A longer-term perspective from TOP GAINER TODAY highlights a series of rising bases for WLD, with the most recent consolidation occurring near $0.90–$1.00. This pattern demonstrates gradual seller absorption, building a foundation for future upward moves. The analyst’s bullish projection targets a journey back to double-digit prices, contingent on sequential breakouts and momentum alignment.
Source: X
Key resistance levels line the path upward, starting with $1.10–$1.15, then $1.30 and $2.00. Surpassing these would pave the way to higher objectives like $4 and $6, eventually making a move toward $12 feasible. Each resistance zone serves as a critical checkpoint, requiring confirmation before advancing further.
Risk management remains a priority; a breakdown below the upward-trending support line would challenge the bullish narrative and potentially usher in deeper declines. Traders should utilize stops below recent swing lows while watching for sustained defenses of the $0.90 base. Successfully overcoming resistance levels would validate the bullish roadmap and potentially propel the memecoin into a more pronounced medium-term uptrend.
Source: https://bravenewcoin.com/insights/worldcoin-price-holds-0-90-support-as-analysts-eye-double-digit-rebound