$WLD /USDT TECHNICAL ANALYSIS: BULLISH REBOUND EYES $1.21 BREAKOUT AMID VOLUME SURGE
$WLD /USDT pair is currently trading at $1.198, posting a +5.36% gain in the last 24 hours. Price bounced strongly from a 24h low of $1.125 and is now approaching resistance at $1.208. With 39.18M WLD traded and $45.53M in USDT volume, buyer interest is growing again after a period of downtrend.
Key Technical Observations:
Resistance Levels:
Strong resistance at $1.21,
A breakout above this could target $1.25 – $1.28, where previous supply zones exist.
Support Levels:
Immediate support lies at $1.18,
Stronger demand seen near $1.15 – $1.13, recent bounce zones.
Trend Insights:
Despite being down -71.72% over 1 year, WLD has gained +45.21% in the past 90 days, showing signs of a mid-term recovery,
The 1-hour chart reveals a potential ascending triangle, indicating a possible breakout if momentum continues.
Volume Confirmation:
Volume remains elevated, suggesting the move is backed by real demand — especially important as price tests the key $1.21 level.
Market Outlook:
If WLD breaks and holds above $1.21, momentum could drive it quickly toward $1.25+. However, failure at this resistance might pull it back toward the $1.15 – $1.13 support zone, where bulls could reload.
Trend Bias: Bullish (Short-term)
Breakout Level: $1.21
Upside Target: $1.25 – $1.28
Support Range: $1.18 – $1.13
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