Yello, Traders! Is #WLD on the edge of a major bullish breakout or a steep decline? Let's discuss the latest #Worldcoin's analysis:
💎#WLDUSDT recently broke out of its descending channel resistance, sparking hopes of a bullish continuation. However, the rally is now facing a critical test at the $2.87 resistance level, which has halted upward momentum.
💎This minor resistance zone is a key inflection point; a clean break above it could confirm a bullish trend reversal, paving the way for #Worldcoin to target significantly higher price levels. Such a move would signal market confidence and mark a pivotal shift in market structure.
💎The downside risks, however, cannot be ignored. If #WLD fails to break above $2.87, it may retrace to test the major support level at $1.57. This area, aligned with a previous significant low, acts as a crucial safety net for buyers. A failure to hold this support would likely lead to a retest of the $1.29 demand zone, the final line of defense for bulls.
💎If #WLDUSDT closes below $1.29 on the daily chart, the bullish case would be entirely invalidated. Such a move would confirm a bearish outlook, increasing the probability of forming new lower lows and triggering deeper declines as market sentiment deteriorates further.
Stay focused, patient, and disciplined, traders 🥂
