Worldcoin Price Ticks Higher as Rounded Recovery Takes Shape

Worldcoin's price has been steadily increasing, climbing towards $0.60 as it gains momentum. This recent surge in price has put a larger recovery pattern back in focus.

The daily chart of Worldcoin shows a rounded recovery pattern taking shape, with the August low near $0.30 forming its base and the June high at $0.7216 marking neckline resistance. The horizontal resistance marked at $0.7216 sits near the June high and forms the upper boundary of the recovery pattern.

The daily momentum readings favor buyers, with both moving average convergence divergence (MACD) lines above zero and a positive histogram reading. However, the daily chart has yet to show a completed breakout above that boundary, and the rounded formation remains a developing recovery setup.