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Worldcoin Forms Tight Triangle at $0.97 Signaling 60 Percent Move

Worldcoin Forms Tight Triangle at $0.97 Signaling 60 Percent Move

CryptonewslandCryptonewsland2025/08/05 04:55
By:by Yusuf Islam
  • Worldcoin has been locked in a triangle pattern since February and is now coiling tightly near $0.97.
  • Price could swing up to $1.56 or drop toward $0.60 if volume breaks out of the triangle soon.
  • Traders are watching the pattern apex closely as it nears late August with momentum building daily.

Worldcoin (WLD) is trading near $0.9752 after coiling inside a tightening triangle formation, signaling a possible 60% breakout. The price has steadily narrowed between converging trendlines, with traders watching for a major directional move.

Worldcoin $WLD is coiling within a triangle pattern, building pressure for a potential 60% move! pic.twitter.com/vhC0b0n1bN

— Ali (@ali_charts) August 4, 2025

The pattern shared by analyst Ali shows a symmetrical triangle, typically forming before sharp volatility returns. This setup often leads to decisive action in either direction once the structure nears its apex.

Technical Setup Hints at Imminent Volatility

Worldcoin’s chart shows strong compression from February to August 2025. The upper descending trendline has capped each rally, while a steady ascending trendline continues to offer support.

This consistent narrowing has created a triangle pattern, a classic technical signal for upcoming expansion. WLD is now approaching the point where one side must give way.

The asset is up by +4.30% today, reflecting a mild bounce off the lower trendline. That move has drawn further attention to the developing structure, especially with the asset now trading just below the $1.00 mark.

Ali noted in his post that “Worldcoin $WLD is coiling within a triangle pattern, building pressure for a potential 60% move.” The post gathered over 18,000 views and spurred conversation across trading circles about the next direction.

Key Price Zones and Structure History

The upper boundary of the triangle aligns with lower highs recorded near $1.30 since April. That level has rejected several bullish attempts. Conversely, the base of the triangle touches multiple higher lows near $0.68 and $0.74.

This structure has held intact for six months, suggesting a healthy amount of accumulation and indecision. The build-up mimics classic breakout setups observed in high-beta altcoins during consolidation phases.

If WLD breaks above the upper resistance, the projected move could extend to $1.56 or beyond. Conversely, a drop below the rising trendline support could push prices toward $0.60 or lower. The 60% range referenced by Ali appears to cover both potential break zones.

Volume currently remains muted, but a breakout accompanied by high participation could lead to sharp price action. Traders often look for candle closures outside triangle boundaries before confirming direction.

Market Sentiment Builds as Decision Point Nears

Market participants are closely monitoring the situation. A user asked, “This triangle can go to both sides?”—pointing to the symmetrical nature of the formation. Another replied, “Watching this squeeze closely, breakout with momentum could be explosive.”

The triangle apex appears to align with late August or early September. If Worldcoin stays within the triangle until then, volatility could return abruptly.

The asset has previously reacted strongly to structural breakouts, with short-term moves exceeding 30% in both directions. With $0.97 as the pivot level and volatility suppressed, one key question remains:

Will Worldcoin break upward toward $1.50 or fall back under $0.75 as triangle pressure finally releases?

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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