Worldcoin Price Pushes Toward $1.20 With Bulls in Control
The Worldcoin price has shown renewed strength on the daily chart, with WLD steadily climbing after a period of sideways trading.
Recent technical signals suggest momentum is shifting in favor of the bulls, and traders are watching closely to see if the token can clear critical resistance levels that may unlock a stronger rally.
Technical Indicators Show Strength for Worldcoin Price
Momentum indicators are tilting in a bullish direction. The token is pulling above its short-term moving averages, signaling buyers are stepping back in after a period of indecision. This alignment between the 9-day and 20-day EMAs reflects growing confidence that the trend is shifting upward.
Daily chart for WLD/USD (Source: GeckoTerminal)
The MACD has also turned positive, with widening histogram levels hinting at an acceleration of bullish momentum. Meanwhile, the RSI has risen steadily from oversold conditions toward higher levels, indicating stronger demand but also suggesting the market could be approaching a more heated stage if the rally continues.
Resistance and Support Levels for Worldcoin Price
The next major test for the Worldcoin price lies at $1.213 and $1.216. A clean break above these barriers could open the path toward $1.256. If bulls manage to clear these levels, the rally could extend further into higher resistance zones.
On the flip side, support is currently situated at $1.131, $1.125, and $1.073. A pullback to these levels would still keep the bullish case intact, but a decisive breakdown could shift momentum back to the bears.
Order Book Analysis
The order book reveals critical areas where liquidity could dictate near-term price movement.
- A strong bid wall at $1.035 with about 145,000 units (≈$150,162 USDT) suggests buyers are committed at this level. However, if it breaks, the Worldcoin price risks a 13.39% drop. Deeper bids at $0.800 and $0.500 represent last-ditch defenses but breaking them could mean declines of 33% and 58% respectively.
- On the sell side, large ask walls sit at $1.200, $1.400, and $1.680. Clearing the $1.200 wall would position WLD just shy of the $1.213–$1.216 resistance cluster. Breaking through $1.400 could trigger another 17% move, while $1.680 stands as a major barrier that, if cleared, could propel the token nearly 40% higher.
Trading Outlook
For long traders, potential entries exist around the $1.13–$1.20 range, with targets at $1.216 and $1.256. A break above $1.400 would confirm a stronger bullish trend, creating opportunities for extended gains.
For short traders, rejection near $1.216 or $1.256 could provide entry points, with downside targets at $1.125 and $1.073. A failure of the $1.035 bid wall would significantly weaken the bullish setup.
Overall, indicators lean bullish, but the presence of heavy ask walls means upward momentum could stall unless buying pressure absorbs the supply.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
