Worldcoin Price Uptrend Eyes Break Above 200-MA For Next Momentum Shift

Worldcoin (WLD) is currently holding firm at the critical $1 support zone, showing signs of stability since early August.

According to analyst Nehal, a breakout above the descending trendline could signal a potential trend reversal, with resistance levels at $1.38, $1.63, and ultimately $2.16. A rally is already in motion, with the token posting a 6% rebound from the support zone.

This upward movement is supported by a surge in trading volume and a test of the 200-period moving average. If it manages to secure a close above this key resistance, it could pave the way for further gains, driving momentum toward higher resistance levels and attracting increased market interest.

Support Zone Holding Steady

Since the beginning of August, the $1 support zone for Worldcoin has acted as a reliable foundation for price action. The token has managed to remain above this level, showing stability despite fluctuations in the broader market.

Analyst Nehal emphasized the importance of this support, noting that it provides a strong base from which the price can potentially rise. A successful break above the descending trendline that has been in place for several weeks could lead to a shift in momentum, setting the stage for a move towards higher resistance levels.

WLDUSD 1-Day Chart | Source:x

The price action has shown a series of higher lows, signaling that buying interest is stepping in to support Worldcoin. As the price consolidates above $1, market participants are watching for signs that a breakout is imminent. If the token can maintain above the current support, the next move could push it past key resistance levels, including $1.38, $1.63, and potentially even $2.16, according to projections from Nehal’s analysis.

Recent Rally and Momentum Indicators

Worldcoin has seen a modest rally of over 6% from the $1 support zone, according to AltWolf🐺, another notable analyst tracking the token’s movement. This rally has been accompanied by increasing volume, signaling that buyers are regaining confidence in the market. The upward move suggests that there is a renewed interest in the token, which may point to the beginning of a larger trend shift.

WLDUSD 1-Hr Chart | Source:x

As the price approaches the 200-period moving average, a key resistance point in technical analysis, traders are closely observing how it interacts with this level. A successful close above the 200-MA would suggest that the upward momentum is gaining strength and that the token could be ready for the next leg of its rally. Momentum indicators, including RSI and MACD, are showing favorable conditions for further upside, supporting the idea that it may be primed for a sustained move higher.

Trading Volume and Market Sentiment

The recent price action has been marked by a significant increase in trading volume, which spiked to around $117.62 million. This surge in volume reflects heightened market interest and suggests that investors may be reacting to favorable news or technical developments. Additionally, a sharp increase in trading activity, coupled with price gains, typically signals that momentum is building in the market.

WLDUSD 24-Hr Chart | Source: BraveNewCoin

Therefore, this volume surge indicates that the market is likely in a consolidation phase, with the $1 zone acting as a base for future price movements. If the price can continue to hold above this support, traders will be watching for confirmation of a breakout.

The increased volume suggests that buyers are still present, providing the necessary fuel for a potential push towards higher resistance levels. The market appears to be cautiously optimistic, and if the upward trend continues, the next move may be towards the $1.38 to $1.63 region.

Key Levels to Watch Moving Forward

Looking ahead, the primary focus is the $1.02–$1.05 region, where price action is expected to test key resistance levels. Should the token succeed in breaking through the 200-period moving average and secure a close above this region, further upside potential could materialize.

A successful breakout could open the door for a new bullish phase, driving prices higher in the coming weeks. The overall market sentiment remains cautiously optimistic, with eyes now set on the 200-period moving average as the next critical level to watch for a momentum shift.