"Worldcoin Breaks Out: $1.84 in Sight, $0.90 at Risk"

Worldcoin [WLD] has been in a tight consolidation phase, with its next move likely to dictate short-term market sentiment. The price has been testing the $1.32 resistance level, and a breakout could push it toward $1.84, while failure to hold support might send it down to $0.90.

Over the past 24 hours, WLD gained 3.90%, and its weekly performance increased by 4.78%, at press time. The price has fluctuated between $1.20 and $1.32, forming a consolidation range based on Coingecko. A pattern of higher lows suggests accumulation and growing bullish momentum. A breakout attempt near $1.33 indicates increased interest from buyers.

WLD’s immediate resistance level is $1.33, marking the upper boundary of its current consolidation. If the price moves above this level, it may test $1.84, which serves as the next resistance zone. On the downside, the $1.20 level acts as support, and a break below it could lead to a decline toward $0.90. Traders are monitoring these key levels to determine the asset’s next direction.

The 20-period Simple Moving Average (SMA) at $1.2576 acts as a dynamic support. The upper Bollinger Band was at $1.3195, and the lower band stood at $1.1956, indicating low volatility. A breakout beyond these bands could signal a shift in market momentum.

The Directional Movement Index (DMI) showed the +DI at 22.4575 and -DI at 26.6357, suggesting that sellers maintain slight control. However, the ADX at 14.3741 indicates a lack of strong trend momentum, reinforcing the sideways movement. If the +DI crosses above the -DI with a rising ADX, buying pressure could strengthen.

The Relative Strength Index (RSI) stood at 56.54, reflecting neutral to mild bullish momentum. If the RSI surpasses 60, buyers may push the price higher. Conversely, a drop below 50 could signal renewed selling pressure.

On-chain data from IntoTheBlock indicated that at the current price of $