Worldcoin (WLD) is in a strong accumulation zone and approaching key resistance levels. Is a breakout to $5 on the cards?
Worldcoin has surged 3.07%, with a 40.88% increase in trading volume over the past 24 hours, per CoinMarketCap data. As of press time, WLD is trading at $1.13 with buyers stepping in to boost its bullish momentum.
A Look into Worldcoin’s Technical Setup
WLD’s 3-day chart shows a bullish CHoCH (Change of Character) and has formed a notable base above its bullish order block. According to Crypto Patel on X(formerly Twitter), bulls have defended this order block, and a strong accumulation zone exists between the $0.93-$1.03 levels. This suggests that smart money could be accumulating in anticipation of a price breakout above its descending resistance trendline.
As bulls take charge, technical analysis reveals the $1.29-$1.45 zone as the next accumulation phase. A breakout above this could see Worldcoin rally toward the $2.30 while targeting the $5 zone in the mid-term.
What’s fueling Worldcoin’s bullishness
The digital economy is growing at an exponential rate, with major narratives such as AI gaining ground. Digital identity is also a major concern as the digital world seeks to distinguish robots from humans. Worldcoin is backed by OpenAI, and its long-term utility could be guaranteed in the digital identity space. As a result, long-term investors could be accumulating, eyeing massive gains amid these narratives.
