WorldCoin ($WLD) price prediction for May 24: Bulls target USD 1.73 as the rally cools below key resistance
The price of Worldcoin today remains close to $1.53, slightly cooling off after a vertical run to $1.63. The increase has shifted the technical momentum in favor of the bulls, but short-term indicators now show caution near key resistance zones.
After a parabolic move earlier this week, the price action of Worldcoin shows signs of exhaustion as lower timeframe indicators slip out of overbought zones. While the bulls maintain control on higher timeframes, a short-term consolidation or minor pullback seems likely before the next leg.
On the 30-minute and 4-hour charts, the price of Worldcoin featured an almost vertical breakout from the consolidation range of $1.20, rising over 35% to reach $1.63 before pulling back slightly. This rally followed a textbook breakout from a descending wedge structure, supported by increasing volume and momentum.
The immediate rejection near USD 1.63 has created a local resistance ceiling, while the area around USD 1.47 to USD 1.50 is acting as soft support. On the daily structure, Worldcoin has reclaimed its mid-April highs and is pushing towards an untested resistance from late December around $1.67.
From a trendline perspective, WLD is riding along a new ascending support that originated from the breakout on May 20. The price remains above all short-term EMAs both on the intraday and daily horizon, affirming the bullish structure
