Worldcoin Eyes $0.50 After Bullish Triangle Breakout
Worldcoin ($WLD) breaks out of triangle pattern, signaling a move toward the $0.50 level amid growing bullish momentum.
- $WLD breaks out of triangle formation
- Bullish momentum builds toward $0.50 target
- Technical indicators suggest continued upside
Worldcoin ($WLD), the crypto project backed by OpenAI’s Sam Altman, has made headlines again—this time for a strong technical breakout. After consolidating within a triangle pattern for several weeks, $WLD has broken out with upward momentum, pointing toward a potential price target of $0.50.
This breakout is significant as triangle formations often act as continuation patterns. When price breaks above the upper trendline, it typically signals a bullish continuation. That’s exactly what we’re seeing now with $WLD.
What the Charts Are Telling Us
The triangle breakout is just one part of the bullish story. Several technical indicators are aligning in favor of the bulls. Volume has increased post-breakout, indicating strong buying interest. Relative Strength Index (RSI) is trending higher but still sits below overbought levels, giving the asset room to run.
If $WLD continues to hold above the breakout zone, analysts expect it to test the psychological resistance at $0.50 soon. A successful flip of that level could pave the way for further gains.
What’s Driving This Momentum?
Aside from technicals, investor sentiment around Worldcoin is improving due to growing adoption and attention from crypto communities. As more eyes turn to the project and its innovative identity verification mission, the token could continue to benefit from increased traction and liquidity.
However, traders should watch for fakeouts—false breakouts can happen, especially in volatile markets. Keeping an eye on volume, confirmation candles, and resistance levels is essential.
Read Also :
- NFT Market Cap Crashes 46% in Just 30 Days
- Ripple Secures $500M Investment at $40B Valuation
- Bitcoin Whales Scoop Up 50K BTC in a Single Day
- Adam Back’s FUTURE Raises $35M to Buy More Bitcoin
- Ethereum Eyes $4,600, & XRP Surges With ETF Strength, While BlockDAG’s Value Era Anchors Sustainable Growth with $435M Raised
