Worldcoin (WLD) Falling Wedge Breakout: Can It Hold Support and Rally to $2.20?

• WLD completes falling wedge breakout with strong volume, signaling bullish reversal ahead.
• $1.30–$1.40 support zone confirmed by volume profile crucial for sustaining momentum.
• Breakout targets $2.20, offering roughly 70% gain from current levels if support holds.

Worldcoin is making waves after breaking out of a falling wedge on the 4-hour chart, backed by rising volume. With support holding near $1.35, the stage is set for a potential rebound. Currently priced at $1.29, WLD has gained 3.54% in 24 hours despite a 14.5% drop over the past week.

Falling Wedge Breakout Signals Reversal

Worldcoin’s price action has been confined within a falling wedge since early September, a classic bullish setup. The wedge started forming after a sharp parabolic rally. During this pattern, WLD’s price moved between two sloping lines going down, showing that selling was slowing down.

Source: CryptoBull-360 Via X

The price jumped above the top line with strong trading volume, confirming the breakout. This usually means the trend is changing, with buyers taking control. The higher volume shows that buyers are stepping in with confidence.

Volume Profile Reinforces Support Zone

Looking deeper, volume profile data points to a strong accumulation zone between $1.30 and $1.40. This range has acted as a support base during recent price dips. Maintaining this zone will be key for sustaining the bullish momentum.

If WLD can hold above $1.35 after the breakout, it may come back to check this level and show its strong support. But if it slips below $1.35, the price could fall to about $1.20, which would mean the breakout didn’t really hold.

Price Action Context and Outlook

In the days leading up to the breakout, WLD faced considerable volatility. Between September 21 and 23, the token dropped sharply from $1.52 to $1.25 amid rising sell-side pressure. Buyers made several attempts to stabilize the price around $1.24–$1.30, forming a double-bottom-like structure.

Source: CoinGecko

A bounce toward $1.36 showed early signs of recovery but lacked follow-through. The recent breakout out of the wedge suggests renewed buying strength.The projected price target following this breakout sits near $2.20.

This price level could mean a potential 70% gain from where the breakout happened. Traders need to watch the $1.35–$1.40 area closely to see if the price keeps moving up.

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