Worldcoin (WLD) Approaches Key Resistance — Can Bulls Break This Bearish Fractal?

Date: Sun, April 27, 2025 | 05:42 AM GMT After a rough start to 2025, where even Ethereum (ETH) tanked by 45% in Q1, the crypto market is finally flashing signs of life. Bitcoin (BTC) has surged by over 10%, while ETH is up 11% over the past week, and this bullish momentum is now spilling over into major altcoins. One such altcoin making a strong comeback is Worldcoin (WLD). After experiencing a heavy sell-off, WLD has surged by nearly 57% over the past week — cutting its year-to-date losses down to about 42%. Now, it’s approaching a key resistance that could decide its next major move, as a crucial fractal setup is taking shape.

Source: Coinmarketcap WLD Mirrors DOT's Fractal Analysis When comparing WLD's current price action with Polkadot's (DOT) movement from April 2022, some striking similarities pop up. Back then, DOT had formed a clear cup and handle pattern before breaking down. It rallied up to a key resistance zone (marked in the circle) but got rejected hard. This rejection, combined with a breakdown below its 100-day moving average, triggered a sharp downtrend that sent prices much lower.

DOT and WLD Chart Comparison/Coinsprobe (Source: Tradingview) Now, zooming into WLD’s chart, the situation feels eerily familiar. WLD is currently approaching the green-marked resistance zone around $1.28, while also hovering near its 100-day moving average — just like DOT did back in 2022. The setup looks almost identical, with $WLD trading near the key circle zone, raising concerns of a potential rejection. From here, if buyers manage to push WLD above the resistance zone and sustain the breakout, it would effectively "break" this bearish fractal pattern and could open doors for a bigger rally. However, if WLD faces rejection from this resistance and falls back below the 100-day moving average, a downside move towards the blue support zone near $0.75 becomes very likely. The coming days will be critical for WLD holders, as price action around this resistance could decide whether the recovery continues — or if another painful correction is on the horizon. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.