Worldcoin (WLD) Eyes 64% Rally Amid Bearish Shark Pattern

News Flash 2026-05-07 16:33

Worldcoin (WLD) has experienced a dramatic 98% decline from its all-time high of $11.55 to approximately $0.2591, leaving it lagging behind recent recoveries in Bitcoin and Ethereum. Despite this, a potential rally is on the horizon as a Bearish Shark harmonic pattern emerges on the daily chart, suggesting a possible reversal if key support levels hold. The recent downturn was exacerbated by on-chain investigator ZachXBT's accusations of predatory practices, including insider selling and exploitation of low-income users. These claims contributed to WLD's drop to a new low of $0.2322. However, the token's technical setup indicates that if WLD maintains support above $0.2311 and breaks the 50-day moving average at $0.2751, it could target gains of up to 64%, reaching $0.3870 and $0.4277. For WLD to capitalize on this setup, it must sustain its position above $0.2311. A confirmed daily close above $0.2751 would signal a shift in momentum, potentially attracting traders back to the token.

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

SuperEx Popular Science Articles Column

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

Unstaked related news and market dynamics research

Unstaked related news and market dynamics research

Unstaked (UNSD) is a blockchain platform integrating AI agents for automated community engagement and social media interactions. Its native token supports governance, staking, and ecosystem features. This special feature explores Unstaked’s market updates, token dynamics, and platform development.

XRP News and Research

XRP News and Research

This series focuses on XRP, covering the latest news, market dynamics, and in-depth research. Featured analysis includes price trends, regulatory developments, and ecosystem growth, providing a clear overview of XRP's position and potential in the cryptocurrency market.

How do beginners trade options?How does option trading work?

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.