Worldcoin continues to capture market attention as the token undergoes a crucial technical retest following its breakout from a multi-month descending trendline.
Analysts note that the current structure remains bullish, with potential for an upward continuation toward the $1.35–$1.50 range if key support levels hold firm.
Bullish Retest After Breakout
In a recent X post, analyst Alpha Crypto Signal shared insights on the memecoin, emphasizing that the token is currently retesting its breakout zone after flipping a long-term descending trendline into support. The post notes that WLD is positioned at the confluence of its exponential moving average (EMA) and the breakout line, a setup often indicative of a healthy retest in technical analysis.
Source: X
According to the analyst, maintaining strength above this zone is essential for validating the bullish continuation pattern. A successful rebound from the current level could trigger a rally targeting the $1.35–$1.50 range, marking the next potential bull run zone. Conversely, a breakdown below the confluence area could invalidate the bullish setup and reopen downside risks.
This structure mirrors classic post-breakout behavior seen in many high-momentum assets, where consolidation and retesting phases precede significant upward movements.
Market Overview: Retest Marks Key Turning Point
On one hand, data from BraveNewCoin shows that Worldcoin commands a market capitalization exceeding $2.6 billion with daily trading volume above $250 million, reflecting active market engagement despite recent volatility.
The coin’s mission extends beyond token performance; it aims to build a global identity and financial network, combining blockchain and zero-knowledge proof technology to create World ID, a privacy-preserving proof-of-humanity system. This growing narrative continues to attract long-term investors who view the coin as a cornerstone for Web3 identity solutions.
Source: BraveNewCoin
From a price structure perspective, the coin’s pullback to the trendline marks a technical inflection point. The convergence of the trendline support and EMA zone highlights a battleground between buyers defending the uptrend and short-term sellers capitalizing on the recent correction. Should buyers regain control, the setup aligns with a bullish continuation pattern, targeting higher resistance zones that could reignite momentum.
Neutral Momentum but Strong Structure
On the other hand, chart data from TradingView indicates that WLD/USDT is holding above the crucial trendline, with the 50-day Simple Moving Average (SMA) and 20-day EMA hovering closely around $1.24–$1.26, reinforcing the confluence zone.
The Chaikin Money Flow (CMF) currently reads -0.13, suggesting moderate capital outflow and cautious buying activity in recent sessions. This implies that while short-term sentiment is restrained, the absence of deep negative flow points to stabilizing pressure rather than heavy distribution.
The MACD indicator also displays bearish neutrality, with the main line at -0.024, signal line at -0.002, and histogram near -0.023. These readings suggest momentum remains subdued, though the technical base remains supportive of a potential bullish rebound if volume returns.
