"Worldcoin Plunges, Hovers Near Launch Low; Bullish Breakout Imminent?"
1min read Worldcoin (WLD) is currently trading at $1.04, having declined by 40.2% over the past 30 days and 85.6% over the past year. The cryptocurrency is hovering near its lowest support level since its launch in July 2023, with analysts eyeing the $0.9 to $1 range as a potential zone of liquidity that could act as a springboard for the next upward move, reminiscent of the buying opportunity seen in September 2023.
On the daily chart, Worldcoin's price has carved out a falling wedge pattern, characterized by downward-sloping lines that signal a pause in the prevailing trend. Typically, a falling wedge is considered a bullish indicator, suggesting traders are weighing their next steps and often preceding a breakout to the upside. For Worldcoin holders, this technical setup adds a layer of intrigue to the current price action.
With a support zone at around $0.9 to $1, if a bullish breakout occurs, traders should keep an eye on the first target at $1.281, 24.46% higher than the current price level. Next, the token could hit $2.287, after which it could make an attempt at $3.923. Conversely, if the support zone fails to hold, the token could drop further to uncharted territories.
Several developments could stir a possible breakout, among them the Worldcoin (WLD) listing on Kraken. Kraken, a major crypto exchange, hinted at listing Worldcoin on February 28, 2025. Such listings often boost a coin's visibility and accessibility, potentially driving prices higher. If Kraken's user base embraces wld, the listing could spark a rally. For those watching the asset, tracking volume shifts post-listing will be essential, as exchange integrations are widely seen as positive catalysts.
However, competition from privacy-first alternatives like Billions.Network may pressure Worldcoin's long-term outlook. The Billions.Network recently launched a privacy-focused digital identity platform, leveraging zero-knowledge proof technology. Unlike Worldcoin's biometric approach, Billions.Network avoids such methods, aiming for a scalable way to verify both human and AI identities. According to Billions.Network, more than 9,000 projects, including Top 
Ask Aime: What factors could influence the potential rebound of Worldcoin's price, and how should traders prepare for this event?
