The storm in the cryptocurrency market is back! Can WLD break the low and welcome a miraculous rebound?

Recently, the cryptocurrency market has experienced a thrilling correction storm. The significant decline of Bitcoin and Ethereum hit hard, with Bitcoin once falling to $100,430, followed closely by Ethereum dipping to $2,387. Although the market has shown a slight rebound temporarily, the volatility pattern has not yet faded. Behind all this, the political game between Elon Musk and Donald Trump has intensified the tension on social media, further exacerbating the bearish atmosphere in the market.

However, the market's focus is not solely on major assets; Worldcoin (WLD) is quietly sparking discussions. WLD has recently experienced a 5% decline, and over the week, it has dropped by 13%. In what seems to be a gloomy market, there hides a glimmer of hope in the technical charts. WLD has formed a bearish cipher harmonic pattern on the 4-hour chart, indicating that an astonishing rebound may occur in the short term.

If this rebound is successful, WLD's increase could reach 28% to 36%, and after breaking $1.35, it will become the target focus for short-term traders. As the breakthrough of key resistance levels approaches, the market’s enthusiasm is bound to rise. However, with the rise comes significant risk—if the pattern fails to sustain and WLD breaks key support, it could face more selling pressure, and the downward trend may become more severe.

The future of WLD is full of uncertainties; the technical pattern presents both opportunities and risks as a warning. If it breaks through key levels, it could become a starting point for a rebound, but it also requires vigilance against rapid market changes. For investors, this is undoubtedly a precarious gamble; are you ready to face this storm?

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