Date: Fri, April 25, 2025 | 06:12 AM GMT
In the cryptocurrency market, after facing a continuous decline in Q1—where Ethereum (ETH) itself recorded a 45% drop—the trend appears to be reversing. ETH has surged by 12% over the past week, giving hope to altcoin holders that a broader recovery might be underway.
Among the altcoins showing promising signs is Worldcoin (WLD). After enduring a steep correction earlier this year, WLD has bounced back strongly. It’s up nearly 30% over the past week, trimming its year-to-date losses to around 55%. And now, a classic harmonic pattern is suggesting that this rally might have more room to run.
Source: Coinmarketcap
Harmonic Pattern Signals More Upside
Looking at the daily chart with Heikin Ashi candles, a Bearish Cypher harmonic pattern has formed—often known for signaling bullish continuations toward key reversal zones.
The pattern starts at point X, where WLD faced rejection from the February 10 high near $1.35. This triggered a sharp fall to point A, followed by a rebound to point B. The next leg, a significant correction to point C, bottomed out at around $0.5670 on April 7—representing a massive 58% drop from the X point.
Worldcoin (WLD) Daily Chart/Coinsprobe (Source: Tradingview)
Now, WLD appears to be in the midst of building the final leg of the pattern (CD), with strong upward momentum pushing prices higher.
What’s Next for WLD?
Before reaching the $1.18 target, the token must first overcome intermediate resistance at $1.05, which lines up with the 0.618 Fibonacci retracement. A strong breakout from this zone could act as a springboard for a faster move toward the final Cypher target.
Technically, the broader bullish structure still looks intact. Momentum indicators like the MACD are also flipping positive, reinforcing the idea that this current rally may have more legs—at least in the near term.
Disclaimer: This article is for informational purposes only and not financial advice. Always do your own research before making any investment decisions.
