Date: Mon, June 16, 2025 | 02:20 PM GMT
The cryptocurrency market is making a solid comeback to kick off the week, recovering from recent volatility driven by escalating geopolitical tensions between Israel and Iran. Ethereum (ETH) has jumped 3% today to reclaim the $2,625 level — and altcoins are following suit, including Worldcoin (WLD), which is showing early signs of a bullish continuation.
WLD is currently up 3% today, trading near the $1.01 mark. A textbook technical setup — a breakout and retest of a descending wedge pattern — now hints at a possible upward surge.
Source: Coinmarketcap
Descending Broadening Wedge Retest in Focus
As seen in the 4-hour chart, WLD had been locked in a descending broadening wedge since late May — a structure that typically signals bullish reversal potential. The price steadily fell from a local high of around $1.68 (May 22) to a bottom of $0.93 (June 13), forming widening lower highs and lower lows along the way.
Worldcoin (WLD) 4H Chart/Coinsprobe (Source: Tradingview)
However, on June 7, WLD broke out of the pattern, breaching the downtrend resistance near $1.11. This was the first bullish signal, suggesting the bearish momentum was fading. Following the breakout, the token rallied toward $1.21 but soon pulled back — now undergoing a retest of the previous wedge resistance as newly formed support.
At the time of writing, WLD is hovering around $1.02, just above the trendline. This is a key zone for bulls to defend. A successful retest often acts as a launchpad for a new leg higher, especially when paired with renewed market optimism.
What’s Next for WLD?
The next 1–2 trading sessions will likely define the short-term direction. If WLD maintains strength above the $0.93–$1.00 range and reclaims it’s recent local high of $1.21, bulls may aim for a measured move target near $1.86 — the previous supply zone and the upper boundary projected by the wedge formation. That would mark a potential 82% upside from current levels.
However, a breakdown back into the wedge could weaken the bullish case. Traders should keep a close eye on volume and broader market sentiment, especially geopolitical tensions continue to affect risk assets.
Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before making any investment decisions.
