Worldcoin (WLD) holds bullish structure with key support at $1.08 ahead of April 27 Momentum cools, but WLD price eyes potential breakout above $1.20
Tech
Worldcoin (WLD) Eyes $1.25 Breakout as Bulls Defend Key Levels
Bitcoin Ethereum News
Worldcoin (WLD) broke free from a prolonged downtrend this week, flipping key resistance levels into support after building a solid base near $0.60. The breakout confirmed a trend reversal on the daily chart, as WLD invalidated its descending trendline and printed a series of higher highs and higher lows across lower timeframes.
On April 26, WLD spiked to a local high of $1.20 before cooling off. The token is now consolidating above $1.09, with the broader structure remaining bullish as previous resistance levels flip into new support zones.
Worldcoins Trend Holds as Bulls Defend Key Supports
On the 4-hour chart, WLD remains well above critical exponential moving averages. The EMA 20 sits at $0.98 and the EMA 50 at $0.88, acting as dynamic support zones if price dips.
Momentum indicators are showing signs of cooling but not reversing. The Relative Strength Index (RSI) reads 69.55, slightly below the overbought threshold. Earlier this week, the RSI touched 75 before easing, suggesting buyers are taking a breather. As long as RSI holds above 50, the broader trend remains favorable for bulls.
The MACD line at 0.08 continues to hold above the signal line at 0.06, with both positioned well above the baseline. The histogram has started to flatten, slipping from 0.028 to 0.016, signaling that momentum is slowing while direction still favors the upside.
Related: XRP to Target $2.50 Resistance If It Breaks Key $2.20 Level This Sunday, April 27th
WLD Price Structure Remains Bullish Despite Slowing Momentum
Worldcoin price action continues to trade above the Ichimoku Cloud, reinforcing the bullish narrative. The lagging span is positioned above price candles, and the leading span is widening—both signs of a strong underlying trend.
Meanwhile, Bollinger Bands, which expanded during the breakout, are starting to contract. Price is drifting toward the mid-band around $0.96, a level that historically acts as dynamic support during trend consolidations.
Key Price Zones to Watch for April 27
Heading into April 27, Fibonacci retracement levels mark critical support at $1.0770 (0.382) and $1.0388 (0.50). A healthy bounce from this range could reignite upward momentum.
If buyers reclaim $1.20 with volume, the next resistance targets sit at $1.25 and $1.30. However, if WLD loses the psychological $1.00 level, it could trigger a deeper pullback toward $0.94, where another major support zone waits.
Related: Ethereum Whales Stack 449K ETH in a Day, but $1,895 Resistance Holds Firm
For April 27, traders should watch how WLD reacts between $1.0770 and $1.0380. Holding this range keeps the bullish structure alive and opens the door for Worldcoin to continue its rally into higher resistance zones.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
0.00