Decentraland

bullish

Worldcoin

<p>A detailed chart analysis from Ali Charts reveals that Worldcoin ($WLD) has formed a bullish Head and Shoulders bottom pattern, breaking out above the $2.20-$2.30 resistance zone.</p>
<p>This technical formation, combined with strong <a href="https://collectiveshift.io/tutorial/how-to-read-on-chain-metrics/" target="_blank" rel="noopener noreferrer nofollow">on-chain metrics</a>, suggests a potential surge toward the $4 mark. <a href="https://x.com/ali_charts/status/1860505460358406292?t=Zm7I-hhXEjyS-qBsWZLMaA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">The pattern’s</a> structure shows solid support at $1.28, with multiple successful tests of higher lows forming the shoulders.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="635" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-870-1024x635.png" alt="" class="wp-image-587495" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-870-1024x635.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-870-300x186.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-870-767x476.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-870-1536x953.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-870-2048x1270.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-870-242x150.png 242w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-870-100x62.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-870-564x350.png 564w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-870-788x488.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-870.png 977w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The recent breakthrough of the neckline near $2.30 validates the bullish reversal signal, projecting a technical target around $4, representing a 50% move from current levels.</p>
<p><a href="https://x.com/ali_charts/status/1860838250409062551?t=ef1zv6wZ-iHdGJKxVkZ1qA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Crypto analyst Ali </a>in another post noted a minimal overhead supply resistance, indicating room for upward movement. The price action demonstrates increasing buy pressure, supported by rising trading volumes at crucial breakout points.</p>
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/why-are-decentraland-mana-and-sandbox-sand-prices-pumping-tokens-could-dip-over-60-again/" target="_blank" rel="noopener noreferrer nofollow">Why Are Decentraland (MANA) and Sandbox (SAND) Prices Pumping? Tokens Could Dip Over 60% Again</a></strong></em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="344" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-869-1024x344.png" alt="" class="wp-image-587487" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-869-1024x344.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-869-300x101.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-869-766x257.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-869-1536x515.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-869-2048x687.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-869-447x150.png 447w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-869-100x34.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-869-1043x350.png 1043w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-869-788x264.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-869.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>For traders monitoring this setup, the former resistance at $2.20-$2.30 now serves as key support. While $4 presents the immediate target, historical price action suggests potential resistance could emerge in the $5-$7 range.</p>
<p>The bullish thesis remains valid as long as price maintains above the $2.10 support level.</p>
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<p>The post <a href="https://captainaltcoin.com/worldcoin-wld-price-action-and-on-chain-data-signal-significant-upside-potential-heres-the-next-key-target/" rel="noopener noreferrer nofollow">Worldcoin (WLD) Price Action and On-Chain Data Signal Significant Upside Potential: Here’s the Next Key Target</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Worldcoin (WLD) Price Action and On-Chain Data Signal Significant Upside Potential: Here’s the Next Key Target

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