Worldcoin Consolidates Above Support with Potential for Continued Uptrend

Worldcoin (WLD) is holding steady above the crucial $1.00 psychological support, signaling resilience after a prolonged downtrend.

Analyst Baykuş highlights that the token has reclaimed and consolidated above this level, with buyers defending the $0.99–$1.00 demand zone.

This stability, coupled with a recent test of the $1.034 resistance, suggests growing bullish momentum if the support holds.

Analyst AltCryptoTalk notes that the token maintains a medium-term bullish structure, trading within a flat rising channel for several months. The lower blue trendline near $1.02 remains key to sustaining the uptrend, with $1.50 identified as a longer-term target.

At $1.03, WLD shows a 1.35% daily gain, supported by $143.54 million in trading volume, indicating steady demand despite cautious market sentiment.

Worldcoin Consolidates Above Support with Potential for Continued Uptrend

Worldcoin (WLD) is showing stability above the key $1.00 psychological level, as noted by analyst Baykuş. The 4-hour chart reflects that the token has reclaimed and consolidated above this threshold after an extended downtrend. This zone now serves as a crucial support for bullish market participants aiming to maintain upward momentum.

Source:X

The $1.00 mark has acted as a defensive line, with buyers repeatedly stepping in to prevent further declines. The token has also tested resistance at $1.034, facing some selling pressure but remaining near recent highs.

A demand zone between approximately $0.99 and $1.00 is visible on the chart, indicating where buying activity has concentrated. Sustained trading above this area could encourage further interest from market participants, especially if supported by higher transaction volumes.

Channel Formation Maintains Medium-Term Bullish Structure

Analyst AltCryptoTalk observes that WLD continues to trade within a flat rising channel marked in blue on the medium-term chart. The channels boundaries have been respected for several months, suggesting that price action has remained controlled within a gradual upward structure. This pattern has helped maintain a steady trend despite occasional pullbacks.

Source:X

The lower boundary of the channel, near $1.02, remains a key level for sustaining the current trend. A recent rebound from this zone has brought attention back to the $1.03 price area as the immediate point of interest.

According to the analysis, maintaining price action above this trendline preserves the upward bias, with potential targets extending toward higher resistance levels such as $1.50.

ETH Price Action and Trading Activity

At the time of reporting, Worldcoin is priced at $1.03, registering a 1.35% gain over the past 24 hours. Intraday trading has seen the asset fluctuate between $1.01 and $1.04, with a brief upward spike pushing the price above $1.03 mid-session before stabilizing near its current level. This reflects steady but cautious market participation.

Source: BraveNewCoin

Trading volume over the last day stands at approximately $143.54 million, indicating consistent activity. However, volume patterns show a gradual decline toward the close of trading, suggesting a moderation in volatility. The stable price range within a narrow band may indicate that market participants are awaiting further catalysts before increasing exposure.

Market Position and Outlook

The coin market capitalization is around $1.92 billion, ranking it 67th among cryptocurrencies. The assets recent consolidation above the $1.00 support, combined with controlled trading within the rising channel, points to ongoing buyer presence in the market. While momentum for a breakout has yet to materialize, the maintained structure suggests potential for continued trend development if the support levels hold.

Analysts note that as long as the lower trendline of the channel remains intact, the market could continue to favor gradual gains over sharp declines. A decisive move below the channel could shift sentiment, but current conditions show that buyers are defending key technical areas. This positioning keeps it in a state of consolidation with potential for a sustained uptrend if favorable conditions emerge.