The cryptocurrency market is showing signs of life, with Ethereum surging over 30% since April. Worldcoin (WLD), a top altcoin, has experienced significant gains recently—surging nearly 50% in the past month. This week, WLD saw a 6% price jump after briefly cooling down on weekly gains. 📈 🧐 Crypto chart analyst @JohncyCrypto believes this recent trend may signal a bullish reversal for WLD. Analyzing the daily chart, WLD broke out of a persistent descending channel it had been trapped in since its December peak around $4.18. This led to a brief rally towards $1.25 before pulling back and now retesting the channel’s upper boundary – a possible sign of support. 📈 🧐 📊 WLD also sits near its 50-day moving average (MA 50), another technical level that traders rely on for medium-term trend direction. 🔍 📈 What happens next? If WLD holds above the $0.84-$0.87 support zone, it could signal a larger price rally. 🏆 Analysts are setting potential upside targets: $1.25 (near-term resistance), $1.75 (mid-range target), and $2.50 (major resistance with lighter volume). If WLD can break through this resistance and reach $2.50, it could represent a 62% gain from its current price of $0.93. 💪 The trading volume profile also suggests relatively low resistance above $1.20, suggesting a potential breakout rally if the market sees more bullish momentum.