Traders are closely monitoring the $1.40–$1.50 range, which has emerged as a key line in the sand for buyers. If this zone holds, momentum could rebuild for another attempt higher, with upside targets stretching toward the $2.50 level.
As highlighted in a recent analysis, WLD surged over 137% in a sharp breakout before meeting resistance at the upper boundary of its rising wedge pattern. This rejection triggered a correction, sending the price back into a retest of its mid-range support zone. The area between $1.40 and $1.50 is now acting as a buffer, helping stabilize the market after its steep rally.
Source: X
The structure remains technically constructive as long as the memecoin does not close below this zone. A defense here would confirm that buyers are stepping in to absorb selling pressure, validating the zone as a springboard for further gains. Historically, similar wedge rejections followed by support retests have paved the way for new legs higher.
If the support gives way, the asset could retrace further into its broader channel support closer to $1.20. However, holding above the current level keeps the bullish scenario intact, with traders already eyeing $2.50 as the next breakout target should momentum return.
Backing this technical view, BraveNewCoin data shows the coin trading at $1.51, reflecting a 2.53% daily decline. The token’s market capitalization stands at $3.07 billion, supported by a robust 24-hour trading volume of $393 million. With an available supply of 2.03 billion WLD, the asset ranks #54 among cryptocurrencies, highlighting its growing presence in mid-cap markets.
Source: BraveNewCoin
Trading activity reveals steady liquidity, with volumes clustering near the $1.45–$1.55 zone. This suggests that even amid corrections, market participants are active around these levels, underscoring the importance of this band as a decision point for the next directional move. Sustained participation here adds weight to the likelihood of consolidation rather than a deeper breakdown.
The broader implication is clear: if buyers continue to accumulate in this range, it could set the stage for a momentum-driven push higher. A breakout past $1.65 would be the first signal of bullish continuation, with the potential to revisit and challenge the $2.00–$2.50 range where sellers last took control.
At press time, WLD was trading at $1.503 on TradingView, marking a 0.60% intraday dip after a local high of $2.211 earlier this week. The correction has trimmed short-term gains, but the price remains well above its multi-week low of $0.573, keeping the broader recovery trend intact. Buyers are still defending higher levels despite the retracement.
Source: TradingView
Momentum indicators show encouraging signs. The Chaikin Money Flow (CMF) stands at 0.17, reflecting healthy capital inflows into the asset. At the same time, the MACD line at 0.171 continues to trade above the signal line at 0.143, with a positive histogram of 0.028, signaling that bullish momentum has not fully dissipated.
For the asset to resume its upward trajectory, traders will look for a clean defense of the $1.40–$1.50 zone paired with rising volume. A close above $1.65 could confirm a new attempt at higher levels, while failure to hold the floor risks pushing the token back toward the $1.20 channel. For now, signals lean cautiously bullish as buyers regroup at support.
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