Worldcoin is showing early signs of strength after a prolonged period of consolidation, with multiple analysts highlighting its potential for a strong recovery.
The token’s recent breakout above a critical resistance level suggests that market sentiment may be shifting in favor of buyers.
Following months of decline from last year’s highs, the coin now sits at a pivotal zone that could define its next major move, with projections hinting at a rally toward the $2.10 mark if momentum sustains.
Market Sees Shift Toward Recovery Zone
In a recent X post, analyst Lucky underscored $WLD’s evolving structure, noting how the token’s price has oscillated between defined uptrend and downtrend phases throughout the past year.
After a significant pullback, the asset revisited its long-standing demand zone region that has consistently attracted buyers and triggered strong rebounds. Lucky emphasized that this zone remains a crucial accumulation area for both short-term traders and long-term participants.
Source: X
The recent breakout above the prevailing downtrend resistance, clearly marked with circular annotations on the chart, indicates that the coin may be entering an early recovery phase. Although short-term volatility persists, the breach of this resistance line highlights improving sentiment and a potential reversal setup.
As consolidation continues near the lower boundary of the yearly range, analysts believe that if buyers maintain control, a move back toward previous highs and possibly beyond $2.00 remains feasible.
Market Data Reflects Consolidation Ahead of Possible Expansion
According to BraveNewCoin data, Worldcoin currently trades around $0.98, reflecting a 2.10% decline over the past 24 hours, with a market capitalization of $2.15 billion and a 24-hour trading volume of $322.9 million.
Despite the minor drop, on-chain and market metrics suggest that accumulation is still taking place within this price range. The token’s liquidity structure reveals consistent activity near support levels, reinforcing the importance of this range as a foundation for future upside.
Source: BraveNewCoin
The data further shows that the token ranks 65th globally by market cap, underscoring its presence among mid-cap digital assets with substantial trading interest. Volume fluctuations over the past week align with broader market patterns, where brief dips have been followed by rebounds from the $0.90–$0.95 region.
This behavior points to buyers stepping in at key levels, supporting the narrative that the token could be preparing for another upward leg if market conditions remain favorable.
Highlights Bullish Structure and 121% Upside Projection
Another X analyst, Nehal, echoed similar optimism, outlining a bullish technical setup based on a breakout from a prolonged descending resistance line. The chart presented by Nehal depicts a strong upward move following a compression phase, which signaled renewed buyer strength.
After reaching as high as $2.10 earlier this year, $WLD has since retraced to retest its breakout level healthy move that often precedes continuation in trending markets.
Source: X
Nehal’s analysis forecasts a potential 121% rally if this retest confirms support, targeting a return toward the $2.09–$2.10 region. The price structure remains constructive as long as the coin holds above its reclaimed support, supported by a firm volume profile suggesting sustained interest at current levels.
Should momentum persist and the broader crypto market stabilize, the asset could be poised for a significant bullish extension in the coming weeks, marking a notable shift from its earlier bearish cycle.
