Worldcoin is showing signs of a bullish reversal as it forms a rounding bottom pattern, indicating a potential accumulation phase before a significant price increase. The publication provides the following information: traders are keenly observing the current price action following a recent rejection at the 138 mark.
Worldcoin Price Retracement
After the rejection, Worldcoin's price has retraced to 128, where it may find support and initiate a bounce.
Analysts' Insights
Analysts suggest that traders should keep a close eye on this support level, as a successful reclaim of the 100-day moving average could pave the way for a breakout above the neckline resistance.
Potential Price Targets
If this occurs, the price could target the 157 mark, signaling a strong upward momentum in the market.
