Worldcoin’s $1 target in limbo as bears curtail bull run

After a magnificent bull run over the past seven days that pushed the Worldcoin (WLD) price to a monthly high of $0.9829, the AI token has entered into consolidation.

This pause follows an impressive 25% surge as AI tokens bounced back, hinting at a potential shift in the token’s trajectory.

While its AI token peers, the likes of Bittensor (TAO), Griffain (GRIFFAIN), and Zerebro (ZEREBRO) are still bullish according to Coinmarketcap data, investors are questioning the chances of World’s Worldcoin (WLD) token to hit $1 any time soon.

What are the chances of Worldcoin (WLD) hitting $1?

The 14-day Relative Strength Index (RSI) currently sits at 59.10, suggesting there’s still room for upward movement before hitting overbought territory.

However, the bullish momentum that fueled this rally has noticeably weakened, casting doubt on its sustainability.

Crypto_jobs anticipates an 80-day downtrend channel breakout, a technical pattern that could signal a trend reversal for WLD.

🧙 Crypto_Jobs🧙‍♂️ TA & FA 🎯

@CryptoJobs3

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$WLD – ARE YOU READY TO SEE IT HAPPEN 🚀 Prices is already up +25% since I shared this medium term insight ✅💰 As mentionned, Im anticipating a 80 day’s downtrend channel breakout! 💣 It’s usually a Bullish structure, wich may lead to a trend reversal. Such a breakout wich

7:57 PM · Apr 23, 2025

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If this breakout materialises, Crypto_jobs project a staggering +70% price pump, potentially driving WLD to the coveted $1 mark.

Such a move could ignite Fear of Missing Out (FOMO) among traders, amplifying buying pressure in the short term.

However, as highlighted by Crypto_jobs, for the bullish momentum to hold, WLD has to overcome the resistance around the $0.87 and the key support levels at $0.780 and $0.730 that must hold firm.

A failure to defend these supports could undo the gains, paving the way for deeper declines.

And while on it, recent price action reveals troubling signs, as WLD struggles to maintain its upward thrust amid creeping bearish pressure.

Also, on the hourly and 4-hour charts, the token has been carving out lower highs and lower lows, a classic hallmark of bearish sentiment.

This persistent downtrend contrasts sharply with the recent rally, underscoring the market’s indecision.

Compounding the challenge, the On-Balance Volume (OBV) indicator on the daily chart shows a slow bleed, reflecting steady selling pressure beneath the surface.

Market sentiment also remains a mixed bag, with some traders buzzing about a potential rally fueled by renewed interest.

Others, however, adopt a wait-and-see approach, wary of regulatory hurdles and adoption risks tied to World’s ambitious vision.

While the project’s innovative identity-verification system promises long-term value, it’s a double-edged sword that introduces uncertainty.

External forces, like volatility in Bitcoin or broader crypto markets, could also sway WLD’s fate in unpredictable ways.

Despite the bullish glimmers, the token’s inability to sustain momentum keeps the $1 target tantalizingly out of reach.

A confirmed breakout above the descending channel and $0.80 resistance is non-negotiable for restoring confidence in the bull run.

Until that happens, traders are left navigating a tightrope between opportunity and caution.

For now, the focus remains on those crucial support levels at $0.780 and $0.730, which could dictate the next move.

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