The broader cryptocurrency market is experiencing a steady rebound following a period of sharp volatility last week. This recovery has seen Ethereum (ETH) regain ground above the $3,000 mark, achieving 12% weekly gains after dipping to a low of $2,622. This improved market sentiment is now providing a boost to several altcoins, including Worldcoin (WLD).
Worldcoin (WLD) has seen an increase of over 9% in the last seven days. Beyond this short-term gain, a notable emerging structure on its chart suggests a potential shift in momentum. A fractal setup, closely resembling a successful breakout pattern observed in KAS, appears to be forming on WLD's chart, potentially signalling a significant upcoming change.
WLD Mirrors KAS’s Breakout Pattern
A detailed comparison of Worldcoin (WLD) and Kaspa (KAS) on the daily timeframe reveals a striking similarity in their structural behaviour, indicating that a powerful fractal repetition might be underway.
Kaspa (KAS) spent several weeks trading within a descending channel before experiencing a sharp rebound from its lower boundary. This recovery led to a successful reclaim of the 50-day moving average, which coincided precisely with a channel breakout. Following this breakout, momentum accelerated rapidly, resulting in a significant 30% price expansion.
Worldcoin (WLD) is now exhibiting a remarkably similar pattern.
The token has already bounced from the lower edge of its own descending channel and is progressively moving towards a critical resistance level – the 50-day moving average, which is currently situated near $0.7203. This specific level served as the structural trigger point in the KAS fractal pattern, and WLD is now approaching it with increasing stability.
What’s Next for WLD?
If Worldcoin (WLD) continues to emulate Kaspa's (KAS) price action, a reclaim of the 50-day moving average followed by a decisive breakout above the descending channel could ignite the next major upward price movement.
The current chart analysis suggests a potential breakout target at $0.9305, which represents a possible 41% increase from current trading levels.
The underlying structure remains clear, momentum indicators are gradually shifting in favour of an uptrend, and the fractal alignment between WLD and KAS is a significant factor that is difficult to ignore.
While fractal patterns do not guarantee identical outcomes, they often provide valuable early indicators of potential trend shifts. At present, Worldcoin's (WLD) price action strongly suggests the early stages of a possible bullish reversal.