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Worldcoin: Why WLD’s 30% weekly rally hinges on a KEY test
Worldcoin [$WLD] has surged by 30% in the past week at press time. The AI token rose from $0.231 to $0.7134 after breaking out of weeks of consolidation.
$WLD breached the $0.6331 level, which had acted as resistance, turning it into a support level. The token rallied on the AI narrative to a swing high of $0.7134, where momentum declined as a result of profit-taking.
Since then, sellers have pushed the price back toward $0.65. Despite the cooling momentum, the price remains above the $0.5786-$0.6200 breakout region, leaving the broader bullish structure intact.
The retracement follows a breakout that carried price through the long-standing $0.5786-$0.6200 resistance block, a zone that had suppressed advances throughout late May and early June. Importantly, the pullback has not damaged the broader structure. Notably, the RSI has cooled, relieving overbought conditions while keeping momentum firmly in bullish territory.
More significantly, price remains above the breakout region that triggered the latest advance. The current decline, therefore, appears to reflect profit realization rather than aggressive distribution.
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