Date: Tue, April 01, 2025 | 03:54 PM GMT
The cryptocurrency market has kicked off Q2 on a bullish note, with Ethereum (ETH) surging by over 4% today, marking a potential shift in momentum after a historically bearish Q1.
As overall sentiment slowly begins to shift in a more positive direction, altcoins like Worldcoin (WLD) and Curve DAO Token (CRV) are starting to show upside momentum with noticeable gains today.
Source: Coinmarketcap
Both tokens had been under heavy pressure over the past few months, but their technical setups hint at a potential recovery brewing on the horizon.
Worldcoin (WLD) Analysis
WLD’s daily chart reveals a falling wedge pattern—a classic bullish reversal setup that has been forming for almost a year. The recent correction, which began in early December from the high of $4.18, dragged WLD down over 85%, bottoming out at $0.72 on March 11. This level saw buyers step in to defend key support, signaling a possible trend reversal.
Worldcoin (WLD) Daily Chart/Coinsprobe (Source: Tradingview)
Since then, WLD has rebounded to above $0.84 and is now approaching the upper boundary of the wedge, as well as the 50-day moving average (MA). If the price breaks out and holds above this resistance with a successful retest, WLD could aim for the 200-day moving average and the $2.80 zone—representing a potential 202% rally from current levels.
The MACD indicator is also showing signs of a bullish crossover, reinforcing the likelihood of a breakout. However, failure to breach resistance could see WLD re-test lower support levels before attempting another move upwards.
Curve DAO Token (CRV) Analysis
On the other hand, Curve DAO Token (CRV) is consolidating within a classic bullish flag pattern. This formation took shape after the token was rejected at the $1.33 resistance level on December 7, leading to a sharp correction. The recent decline brought CRV down to a low of $0.46 where 50 D MA acted as support.
CRV Token Daily Chart/Coinsprobe (Source: Tradingview)
Currently, CRV has recovered to $0.54, testing its 200-day MA, and is edging closer to the upper resistance of the flag. A breakout from this formation, followed by a confirmation retest, could pave the way for a move toward the 100-day MA and the $0.8274 resistance zone, representing a potential 49% upside from current price levels.
The MACD is also turning positive, adding further confluence to the bullish outlook.
What’s Ahead?
While WLD and CRV are showing early signs of a recovery, the broader market conditions remain uncertain. Bulls will need to sustain their momentum and push prices beyond key resistance levels to confirm a lasting uptrend. Traders should keep an eye on volume and macroeconomic trends to gauge whether this recovery has real staying power or if another correction is on the horizon.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
