Worldcoin (WLD) price is showing signs of exhaustion and potential accumulation, with traders anticipating the next breakout to be bullish or bearish.
On the daily chart, WLD price faced rejection around the $1.40 to $1.50 resistance zone, with a minor pullback currently showing support just above the 20-day Simple Moving Average.
The 50% Fibonacci pullback zone at $1.10 is a critical support level, and if crossed, the next targets for WLD price would be $1.50, $1.76, and $2.10.
The hourly chart indicates a short-term bearish outlook, but a potential base might be forming around the $1.10 - $1.12 support zone, with a bullish scenario likely if the price breaks above $1.22.