Foreign media analysis suggests that Worldcoin (WLD) has experienced a rapid rebound in the past two weeks. Although it has clearly retreated in the last 24 hours, its medium-term upward structure has not been completely broken. The article attributes this correction to the weakening of Bitcoin and believes that as long as the key support zone holds, WLD still has room to continue its upward trend.
A rebound of about 70% in two weeks.
The article mentions that WLD rebounded quickly after retracing to around $0.233 on May 18, and then rose all the way up, accumulating a gain of about 70% in two weeks. During the same period, spot trading volume remained above average, indicating that this round of rise was not simply driven by short-term fluctuations, but also by a corresponding increase in market participation.
However, the short-term strength slowed in the most recent trading day. Affected by Bitcoin's weakness, WLD's price retreated by about 11% in 24 hours, and the daily trading volume also decreased by about 15%. After the previous rapid rise, this pullback is seen as a correction in the upward process, rather than a clear signal that the trend has ended.
There is significant resistance around $0.44.
Structurally, the article argues that WLD has shifted to a bullish bias after breaking through the $0.329 swing high in May. Even with increased intraday volatility, the price has remained within a higher range.
However, the area around $0.44 remains a significant resistance level. This area has acted as resistance multiple times since February. During its most recent upward attempt, WLD briefly touched $0.48 before quickly falling back below $0.40, indicating that selling pressure persists. The article also mentions that short covering around $0.44 has been triggered, after which the market entered a pullback phase.
Focus on the $0.319 to $0.354 range.
Foreign media believe that, based on the 3-day and 4-hour charts, WLD currently maintains a bullish structure. The more important thing to watch going forward is not chasing the price higher, but rather how the price holds after a pullback.
The article identifies a key trading range of $0.319 to $0.354. If the price retraces to this area and stabilizes, it may continue its upward trend towards $0.532. Conversely, a break below $0.275 would disrupt the short-term bullish structure and significantly weaken the existing rebound momentum.
Overall, this analysis suggests that Bitcoin's short-term weakness has suppressed WLD's performance, but the market narrative surrounding AI-related tokens remains intact, and WLD's medium-term rebound trend has not yet been completely reversed. The focus going forward will be on the depth of the pullback and whether key support levels can hold.
