Worldcoin (WLD) is drawing increased market attention as its price approaches a decisive multi-year trendline resistance.
A recent chart highlight from X shows a descending trendline that has capped upside moves for several years, now coming into play once again. If the token can break above this structure, it would mark a major technical shift, with traders setting their sights on the December 2024 peak.
Breakout signs building
On the daily chart, WLD has been steadily pressing against this long-standing descending resistance. The structure reflects years of lower highs, creating a strong barrier that has repeatedly turned back bullish attempts. Current price action suggests that momentum is building, with buyers showing determination to challenge this ceiling.
Source: X
The breakout, if confirmed, could represent more than just a short-term rally. Multi-year trendlines often act as defining pivots for investor sentiment, and breaching one signals a potential end to prolonged bearish control. Captain Faibik emphasizes that a successful move higher would position the crypto to revisit the December 2024 high as a logical next milestone.
Such a development would not only validate the bullish setup but also reignite broader participation in the token. Institutional players in particular often track long-term trendline breaks as entry signals, meaning a decisive move could invite stronger inflows and fuel renewed momentum across the market.
Market context and liquidity
Additionally, BraveNewCoin data added that WLD was trading at $1.14, up more than 14% in the last 24 hours. Market capitalization now stands at roughly $2.28 billion, with daily trading volume above $540 million. This surge reflects a clear shift in sentiment and an influx of buyers after weeks of consolidation.
Source: BraveNewCoin
The price swing signals that demand is building while supply remains liquid, with over 2 billion tokens circulating. Analysts suggest that if momentum continues, the next resistance sits at $1.50, followed by $2.00. Meanwhile, holding above $1.10 is seen as critical to sustaining this bullish setup.
Whale accumulation has reinforced the uptrend, helping absorb selling pressure. Such activity often precedes strong rallies, giving traders confidence that this move could extend deeper into Q4.
Technical momentum and price targets
On the other hand, TradingView data shows WLD trading near $1.24, reflecting growing strength on the daily chart. The RSI currently sits at 69, close to overbought territory but still leaving room for upside. This momentum underscores increasing buyer control as the breakout test unfolds.
Source: TradingView
The MACD line has crossed into positive territory, signaling renewed bullishness. With rising volume and improving momentum, the asset looks well-positioned to challenge higher resistance levels. Traders are monitoring closely to see if the breakout gains confirmation with a strong daily close.
Looking forward, projections suggest the token could reach $2.50 in the coming months, with some models even pointing toward $4 before December. Whether this target is achieved will depend on sustained buying activity, whale support, and broader market conditions.
