The broader cryptocurrency market is trading with a steady upside tone today, as both Bitcoin (BTC) and Ethereum (ETH) post modest gains. This improving sentiment is also lifting several altcoins including — Worldcoin (WLD).
WLD is currently up 2% today, and more importantly, its latest chart structure is revealing a harmonic formation that may set the stage for a potential bullish move in the coming sessions.
Cypher Harmonic Pattern in Play
On the 4-hour chart, Worldcoin (WLD) is forming a Bearish Cypher harmonic pattern. Despite its “bearish” name, this setup often involves a strong bullish rally in the CD leg before the price reaches the Potential Reversal Zone (PRZ) — the point where the overall pattern typically completes.
The pattern began at Point X ($1.050), dropped to Point A, rebounded toward Point B, and then sharply declined to Point C ($0.810). From there, WLD started to recover and is now trading around $0.897, successfully reclaiming the 50-hour moving average (MA) at $0.888 — a positive sign that buyers are gradually regaining control.
The next key test lies at the 100-hour MA, currently around $0.932. A confirmed breakout above this level could signal the start of a stronger bullish continuation, pushing WLD toward higher Fibonacci extension zones.
What’s Next for WLD?
If bulls continue to defend the 50-hour MA and manage a sustained push above the 100-hour MA, the harmonic pattern projects a potential upside target between $1.00 (0.786 Fibonacci extension) and $1.05 (1.0 extension). This range marks the completion zone of the Bearish Cypher, which typically acts as a major resistance area where traders may look to secure profits.
However, if WLD fails to hold support at the 50-hour MA, short-term momentum could soften, leading to sideways consolidation before any new bullish attempt emerges.