Is Worldcoin (WLD) Quietly Preparing a Reversal While Everyone Looks Away?
While most traders have already written off Worldcoin, price action tells a more nuanced story. WLD has been compressing inside a descending wedge pattern for more than a month — a structure that often precedes trend reversals when selling pressure weakens. Currently trading around $0.49, WLD is attempting to stabilize after an extended decline.
Technically, the wedge is defined by a series of lower highs and lower lows, with price now approaching the apex — a zone where volatility expansion is likely. A confirmed breakout and daily close above the wedge could open the door for a recovery toward the daily resistance at $0.56. If momentum strengthens and buyers absorb supply at that level, the next upside target sits near the 50-day EMA around $0.63, which also aligns with a previous supply zone.
Momentum indicators are beginning to shift. The daily RSI stands near 36 and is gradually turning upward, suggesting bearish momentum is fading, though a move above the 50 level would be needed to validate a trend change. Meanwhile, MACD lines are converging, reflecting market indecision and a potential volatility build-up rather than an immediate directional bias.
On the downside, failure to sustain current levels could trigger another retest of $0.47, the December 18 daily low and a key short-term support. A clean break below this level would invalidate the bullish setup and favor continuation to the downside.
Sample trade idea (educational purpose only):
Buy Entry: $0.48 – $0.50
Stop Loss: $0.45
Take Profit 1: $0.56
Take Profit 2: $0.63
Market structure is compressing — direction will be decided soon. Stay adaptive, manage risk, and let price confirm.
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