- Worldcoin’s $1.01 support zone shows strong buyer interest and price resilience
- Surging volume and bullish MACD hint at renewed trader confidence in WLD
- Forecasts suggest WLD could hit $3.60 in May if resistance at $1.15 breaks
Worldcoin (WLD), as of press time priced at $1.08, is showing signs of bullish potential as May 2025 begins. While recent movements have been turbulent, technical indicators point to a market that may be preparing for a sustained upward breakout.
The token recently experienced sharp price swings, characterized by a dip to a local low, a quick rebound, and then a corrective phase. With increased trading activity and bullish indicators still intact, Worldcoin may be heading for a strong month.
Key Levels Suggest Rising Optimism
Support has solidified around the $1.01 to $1.02 range. This zone acted as a cushion during recent declines, signaling strong buyer interest. Additionally, the $1.00 level stands as a psychological barrier a break below this level could shift sentiment, but so far, buyers have held firm.
Source: CoinMarketCap
Resistance sits at $1.15, the peak of the last bullish surge. Before that, minor friction appears between $1.10 and $1.11, where price briefly consolidated during the latest rally.
Consequently, breaking through $1.15 could unlock significant upside. Besides, the overall structure shows buyers stepping in more aggressively after each correction. This creates a series of higher lows a hallmark of growing confidence in the asset.
Market Activity and Technical Indicators Show Strength
Trading volume has surged by 126% in the past 24 hours, reaching $495 million. This spike indicates that traders are entering the market with heightened interest. Such volume surges often precede continued price moves, especially when coupled with positive momentum.
WLD/USD daily price chart, Source: TradingView
Besides price movements, indicators like MACD and RSI provide insight into WLD’s near-term direction. The MACD line remains above the signal line and zero, pointing to bullish momentum. However, the narrowing gap between the lines hints that this momentum may be fading.
RSI is at 62.77 still in bullish territory, though just under the overbought zone. A recent peak and downturn suggest declining buying pressure. This could lead to a brief consolidation or mild correction before a stronger push upward.
Moreover, Worldcoin’s circulating supply sits at 1.32 billion out of a 10 billion total. This relatively low float contributes to high volatility and sharp price reactions, both up and down.
May 2025 Forecast: Potential for Breakout
Considering April’s bullish trend, May appears primed for further gains. Coincodex analysts expect WLD to average around $2.14 this month. Forecasts suggest a trading range between $1.05 and as high as $3.60, depending on broader market sentiment and resistance breakout strength.
