• Worldcoin (WLD) price remains stable despite weekly downward pressure.
• Over 1 million monthly users mark Worldcoin’s rapid adoption growth.
• The chart indicates a potential breakout supported by bullish reversal signs.
• Key support near $0.80 strengthens investor accumulation.

Worldcoin (WLD) has entered a consolidation phase after a period of volatility. Over the past 24 hours, WLD has traded nearly unchanged, reflecting a pause in the selling momentum. Despite this stability, the broader weekly picture remains slightly negative, with the asset still down by 6.35%.

At the time of writing, WLD is trading at $0.8542 with a 24-hour trading volume of $186.96 million, down 10.98% over the past day. Its market capitalization stands at $1.93 billion, remaining relatively stable despite a recent decline in trading activity.

Also Read: WLD Price Pulls Back After 137% Surge: Is a $2.50 Rally Still Possible?

Adoption Surges Past One Million Active Users

Worldcoin has reached a major milestone, surpassing 1 million monthly active users. This achievement positions it as the sixth-largest Layer 2 network on Ethereum, signaling a rapid climb in usage and relevance within the ecosystem. The project’s momentum reflects strong community engagement and an expanding user base.

The surge in adoption indicates Worldcoin’s growing influence among Ethereum’s scalability solutions, quickly approaching OP Mainnet’s user activity. This level of exponential growth points to growing levels of trust in its technology and application usage, solidifying the position of the network in the Web3 ecosystem.

Worldcoin Chart Hints at Bullish Reversal Potential

According to crypto analyst @CryptoTolga, the WLD daily chart presents a promising technical picture. There are several descending wedges in the graph, and every one of them is followed by significant breakouts. These two previous breakouts resulted in gains of 70% and 158%, respectively, whereas in the current one, there might be a 245% gain to the $3.02 level.

The current support level, ranging between $0.78 and $0.80, has managed to remain in place, offering a solid foundation for accumulation. WLD is currently located close to the higher resistance level of $0.92, from which a breakout might confirm a buy signal. Rising volumes at this level confirm growing market confidence.

If the momentum persists above $0.92, then the next target will be $1.19, which is considered a major resistance level. Prices above $0.82 will further enhance the positive outlook, whereas breaking below $0.78 might negate the pattern. Considering the past recovery potentials and overall improvement in the on-chain data, WLD is believed to be on the verge of recovery in the forthcoming days.

Also Read: Worldcoin (WLD) Price Analysis: Bullish Setup Targets $1.50 Breakout