Worldcoin's WLD Price Aims for $0.50 as Recovery Gains Strength
Worldcoin's WLD price has been showing signs of recovery after holding onto a key support zone within its long-term descending channel. According to CoinMarketCap, WLD is currently trading at $0.3147 with a 24-hour trading volume of $132.28 million and a market capitalization of $1.12 billion.
The bulls have been trying to regain momentum as the RSI has moved up to 51.67, breaking above the zero line to confirm increased momentum. Additionally, the MACD has shown a bullish crossover with higher positive bars on the histogram.
Analyst Botcin Meraklisi pointed out that WLD is trading near the midpoint of a descending channel that has contained its price action since September, placing the token at a technically important support zone. This area could attract renewed buying interest, creating conditions for a short-term recovery if market sentiment improves and bullish momentum begins to strengthen.
WLD's ability to hold on to the $0.310 level and break through the resistance range of $0.320-$0.325 will be crucial in determining its future price movement. A successful breakout from this could add fuel to the bull's fire and boost Worldcoin to reach $0.50, while failure could lock WLD inside its falling channel.