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- Price action approaches critical levels, signaling potential for a breakout toward $2.80.
- Rising active addresses and transaction stats indicate growing retail interest and market support.
Worldcoin [WLD] was trading at $1.26, up 3.50% at press time, and was at a critical point in its price action.
The price was nearing the middle of a descending channel, which could indicate a potential breakout or continued downtrend.
With key levels of support and resistance coming into play, traders are eagerly watching to see if the asset can break higher.
If the price breaks through crucial resistance levels, WLD could target prices as high as $2.80, offering the potential for significant gains.
Key levels to watch: Can WLD break its downtrend?
The price action over the last few weeks has been confined to a descending channel, with key levels forming at both the top and bottom of the range.
The immediate support was around the $1.25–$1.30 zone, and if WLD successfully holds this level, it could trigger a bullish move.
However, breaking above the $1.35–$1.50 resistance range is critical to opening the path toward higher targets. If the asset breaks through this resistance, the next levels to watch …
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