• Worldcoin (WLD) is forming a symmetrical triangle, often preceding strong upward momentum.
• Analysts highlight the $2.70 resistance as a key target if the bullish pattern materializes.
• Despite volatility, WLD remains attractive for investors looking for strategic early positions.

Worldcoin (WLD) is trading under the bearish pressure in the short term along with the overall market. Despite this short-term decline, the coin is forming a symmetrical triangle on its daily chart, which tends to witness a bullish turn in the next few days. On a successful breakout, the coin will push the price toward the $2.70 resistance zone.

At the time of writing, WLD is trading at $1.02 with a 24-hour trading volume of $423.7 million and a market capitalization of $1.92 billion. The WLD price over the last 24 hours is down by 5.69%, and over the last week it is slightly up by 2.01%.

Source: CoinMarketCap

Also Read: Worldcoin (WLD) Price Prediction: Technical Trends, AI Hype Propels Breakout to $4

Worldcoin Eyes $2.70 Resistance After Triangle Formation 

Moreover, the crypto analyst, Ali, highlighted that Worldcoin’s native currency, WLD, is showing the market still remains in the early entry opportunity category. Despite recent volatility in the market, the coin is quietly coiling in a triangle consolidation pattern. 

A technical formation commonly seen ahead of the accumulation of bullish momentum, preparing the stage for a conclusive breakaway. Investors can anticipate a swift spike up if the pattern becomes true and buying pressure accumulates.

Technical analysts remark that WLD has moved in a declining range over the last couple of days, successively making successively lower highs and successively higher lows that form a very symmetrical triangle on the daily chart. 

Such a pattern has the tendency to indicate a back-and-forth fight going on between bulls and bears, with the break usually occurring as a fast move in the direction of the ongoing trend.

Source: X

If the pattern finishes on the upside, the projection has a possible price target of $2.70, a substantial move up from the current level. Speculators are looking for fortified market sentiment and growing interest. Technicians noted recent figures are showing growing user adoption. Such momentum and positive signs may underpin a bullish stance.

Also Read: Worldcoin (WLD) Price Analysis: Is a Breakout to $2.85 Coming Soon?