Worldcoin’s Breakout in Flux: Will It Bounce Back?

The cryptocurrency market is experiencing strong performance, with notable altcoins like Worldcoin (WLD) seeing impressive gains. WLD has surged by 9% over the past 24 hours, prompting a retest of a key breakout level, which could indicate its future trajectory. 2-hour chart analysis reveals that WLD was previously consolidating within a descending broadening wedge pattern, a bullish reversal signal signaling an exhaustion in downtrends. After breaking above the wedge’s descending resistance line near $0.818 yesterday, the token reached a local high of $0.872 before pulling back as short-term traders took profits. ]