- WLD increased by 10% to $1.10, flipping $1.00 into support, with potential to rally toward $1.25–$1.30 if momentum holds.
- RSI at 74.55 suggests WLD is overbought, signaling a risk of short term pullbacks or sideways consolidation.
- A descending wedge breakout points to possible parabolic moves, with bullish targets set at $2.00 and mid-term at $4.00.
Worldcoin (WLD) had a sharp move higher on April 26, trading at $1.10, up by 10.07% over 24 hours, at the time of writing. The digital asset is also up with a 51.50% increase over the past week and a 16.66% gain for the month.
The market cap is at $1.43 billion, rising by 10.35%, while the 24 hour volume increased by 102.75% to $474.09 million. WLD’s fully diluted valuation reached $10.95 billion, with the circulating supply marked at 1.3 billion WLD out of a total 10 billion tokens. The Volume to Market Cap ratio of 33.19% indicates intense trading activity.
Technical Indicators Show Strong Momentum
The RSI is at 74.55, clearly above the overbought level of 70. However, the RSI’s moving average remained lower at 52.99, underlining the rapid pace of the recent uptrend. At the same time, the Accumulation/Distribution (A/D) line recovered slightly, reaching -356.46 million.
Though still negative, the modest climb suggested some level of accumulation in the market. WLD successfully breached its previous horizontal resistance around $1.00. This psychological level has now flipped into new support.
There is no major resistance observed until the $1.25–$1.30 zone, leaving potential upward moves if momentum holds steady. However, the elevated RSI hints at possible short term corrections or sideways movement before the uptrend continues.
April 27 Scenarios
WLD’s strong rally creates two clear possibilities for April 27. In a bullish scenario, if the current momentum and volume persist, WLD could rally toward the $1.20–$1.25 range.
However, in a bearish scenario, if profit taking emerges due to the overbought RSI, a pullback toward $1.00 or even $0.95 could occur. In both scenarios, the $1.00 level is an important support zone.
According to analyst Mando, a descending wedge pattern has emerged, with the breakout point near $1.14. Such a breakout typically suggests a strong reversal, although volatility may persist. According to the analyst, WLD gained 65% over the past week, indicating regained strength after earlier losses.
Medium Term Outlook
The descending wedge breakout indicates that WLD might continue its upward movement if buying pressure remains. Following the breakout, the analyst predicts a parabolic rise toward $4.00, a major resistance and liquidity zone.
However, the analyst cautions that minor retracements are common after steep moves. Maintaining momentum above $1.14 is essential to keep the bullish setup intact.
If sustained buying interest persists, WLD could approach $2.00 in the short term, with mid term projections reaching $4.00. Failure to hold above the $1.14 level would weaken the current outlook.
