Worldcoin (WLD) has experienced a dramatic 98% decline from its all-time high of $11.55 to approximately $0.2591, leaving it lagging behind recent recoveries in Bitcoin and Ethereum. Despite this, a potential rally is on the horizon as a Bearish Shark harmonic pattern emerges on the daily chart, suggesting a possible reversal if key support levels hold.
The recent downturn was exacerbated by on-chain investigator ZachXBT's accusations of predatory practices, including insider selling and exploitation of low-income users. These claims contributed to WLD's drop to a new low of $0.2322. However, the token's technical setup indicates that if WLD maintains support above $0.2311 and breaks the 50-day moving average at $0.2751, it could target gains of up to 64%, reaching $0.3870 and $0.4277.
For WLD to capitalize on this setup, it must sustain its position above $0.2311. A confirmed daily close above $0.2751 would signal a shift in momentum, potentially attracting traders back to the token.
Worldcoin (WLD) Eyes 64% Rally Amid Bearish Shark Pattern
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
