Worldcoin crypto is trading in a tight range after a strong rally, with price action now focused near key resistance levels.
Market watchers are closely monitoring whether the token can push through the $2 zone, a level that has capped gains in recent sessions. With momentum indicators showing signs of resilience, the asset could be preparing for another push higher if demand continues to build.
Market Structure Hints at Bullish Continuation
Worldcoin recently tested the resistance band between $1.72 and $2.05, where sellers have consistently placed pressure. This region has proven difficult to overcome, triggering short-term profit-taking. Still, the broader structure shows strength, with the token holding above key higher support zones that continue to reinforce its bullish foundation.
Source: X
Support has formed around $1.60 and $1.40, offering a strong safety net for buyers. Each pullback toward these levels has been met with renewed demand, highlighting persistent interest in the token’s upward trajectory. Analysts suggest that as long as these zones remain intact, the token’s bullish outlook is unlikely to shift.
If the crypto manages to close decisively above the $2.05 barrier, a path could open toward higher resistance levels at $3.68 and possibly $5.29. Such a breakout would confirm market conviction, shifting sentiment from consolidation to continuation of the broader rally.
Trading Data Reflects Solid Participation
On one hand, BraveNewCoin data shows the token trading at $1.86, reflecting a slight 2.23% decline over the past 24 hours. Despite the dip, the token maintains a market capitalization of $3.76 billion, placing it within the top 50 global cryptocurrencies. Daily trading volume remains strong at $1.64 billion, underlining consistent liquidity and active participation from both institutional and retail holders.
Source: BraveNewCoin
Over the past day, WLD’s price action has moved within a narrow band of $1.72 to $1.92, suggesting consolidation. This pattern often signals a buildup phase where markets prepare for larger directional moves. Buyers appear to be steadily accumulating, while sellers defend resistance, setting up conditions for a decisive breakout attempt.
If the token can stabilize above $1.80–$1.85, it would mark a strong base for another rally toward $2. Conversely, a failure to hold this level could expose downside toward the $1.60 support zone, aligning with the market’s previously identified demand areas.
Indicators Signal Building Momentum
On the other hand, TradingView charts show WLD rallied to highs of $2.21 before pulling back to around $1.76, reflecting pressure at resistance but resilience in maintaining higher lows. This technical formation suggests the market is attempting to consolidate strength before another move higher.
Source: TradingView
The Chaikin Money Flow (CMF) indicator currently stands at +0.23, reflecting notable inflows of capital into the memecoin. This suggests buyers remain active despite recent consolidation, and steady accumulation could provide the fuel needed for a fresh breakout attempt above $2.
Meanwhile, the BBPower indicator is recorded at 0.967, reflecting strengthening momentum. This reading signals that the crypto is regaining bullish energy after its pullback, positioning the token for another test of the resistance band.
If momentum holds, traders could see the asset revisiting $2 in the near term, with scope for an extended rally if volume supports the move.
Source: https://bravenewcoin.com/insights/worldcoin-crypto-news-wld-consolidates-as-buyers-eye-2-breakout