Worldcoin’s chart is looking increasingly bullish following the price reaching a local bottom at around $2.25 two days ago. Since then, it has continued to increase steadily, and the price is currently trading around $2.50
Han Ji Ahn shared insights on the price chart for the cryptocurrency WLD on X, highlighting a Cup and Handle pattern. This technical formation is recognized for its bullish implications and potential breakout scenarios.
The chart clearly illustrates the Cup and Handle formation, characterized by two primary components. The “cup” manifests as a rounded, U-shaped bottom, indicating a phase of decline followed by consolidation and recovery—an essential sign of accumulation.
Following this, the “handle” emerges as a smaller consolidation phase, where the price retraces slightly before making its move upward.
Breakout Point and Possible WLD Price Targets
The breakout point is notably marked at the neckline of the cup, situated between $2.60 and $2.65. Surpassing this resistance level is seen as a critical indicator signaling the onset of a bullish trend.
The analyst points to two primary targets based on the projected height of the cup. The first target is set at approximately $11.97, representing a considerable upward movement.
The second target extends to $20.04 and beyond, with a long-term projection reaching as high as $40.24. This suggests the possibility of exponential growth, with potential gains of up to 1,391% in an exceptionally bullish scenario.
Volume trends further support this bullish outlook, as a gradual increase in volume leading up to the breakout point indicates rising buyer interest and momentum.
The analyst notes strong support around the $1.70 level, while resistance levels include $2.60 at the handle breakout, $4.78 at a previous price high, and the aforementioned $11.97 target derived from the pattern analysis. 5762169245
Additionally, multiple moving averages reinforcing the upward trend may provide dynamic support during any pullbacks.
Read Also: Crypto Veteran Reveals Real Bitcoin (BTC) Price Prediction for 2025
Risk Management Insights: Entry Points and Stop Loss
For traders, the analyst offers several insights on entry points and risk management. The ideal entry point would be a confirmed breakout above $2.60, accompanied by strong volume.
Conservative traders might opt to wait for a pullback to $2.60 post-breakout to further validate the trend. A suggested stop loss is to be placed slightly below the handle’s support level, around $2.20 or lower, to mitigate risks.
Take-profit levels are also outlined: the first target is set at $4.78, serving as an intermediate resistance, while the second target aims for $11.97, marking a mid-term objective. Long-term holders could set their sights on $20 or more, should bullish momentum persist.
If the price struggles to sustain above $2.60, it may re-enter the cup, resulting in prolonged consolidation. Moreover, broader market conditions, particularly trends in major cryptocurrencies like Bitcoin or Ethereum, could significantly impact the movement of altcoins such as WLD.
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