- WLD Price surged roughly 180% from the highlighted accumulation zone.
- Crypto Patel maintains long-term targets ranging from $2 to $10.
- Key support remains at $0.48 while resistance sits near $0.55.
Worldcoin (WLD) Price has delivered one of the strongest rebounds among major altcoins after rallying nearly 180% from a previously identified accumulation zone. Crypto Patel highlighted the $0.24 to $0.14 range in late March as a high-risk, high-reward opportunity. Since then, Worldcoin has climbed to a local high of $0.6317 and currently trades near $0.50.
At press time, WLD Price was up 7.72% over the last 24 hours. The recovery has renewed interest in the project after a prolonged decline that pushed the token nearly 98% below its all-time high.
WLD Price Rally Validates Crypto Patel Accumulation Thesis
Crypto Patel recently revisited his March analysis, noting that the accumulation zone performed as expected. The WLD Price entered the target range before staging a sharp reversal that caught many traders off guard.
At the time, sentiment around Worldcoin was overwhelmingly negative. Many investors had written off the project following its steep correction. However, the subsequent rebound demonstrated how deeply oversold assets can generate strong recoveries when market conditions improve.
The WLD Price advanced from the accumulation area to above $0.63, representing gains of approximately 180% from the lower end of the range. According to Patel, partial profit-taking after such a move is a reasonable strategy for short-term traders.
Long-term investors, however, may still be focused on larger upside targets. Patel continues to highlight potential milestones at $0.63, $2, $5, and eventually $10.
WLD Price Technical Outlook Focuses on $0.48 Support
From a technical perspective, the WLD Price remains in a bullish trend despite recent consolidation. Market participants are closely monitoring the $0.48 level, which has emerged as an important support zone after the rally.
Holding above this area could allow the token to challenge resistance near $0.55. A successful breakout above that level may strengthen bullish momentum and attract additional buyers.
On the downside, a loss of $0.48 support could trigger a deeper retracement toward $0.45. Such a move would likely represent profit-taking rather than a complete shift in trend unless broader market conditions weaken significantly.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
