WLD Shows Recovery Near Falling Wedge Support, Aiming for $0.62 and Beyond

3 mins mins

Key Insights

WLD price holds near $0.40 support as a falling wedge structure forms on the 3D timeframe chart.
Analyst targets outline resistance at $0.62, $1.40, $2.20, and $4.30 levels ahead for potential recovery moves.
Trading volume surged to $295 million on February 3, 2026, during continued bearish funding rate conditions.

*WLD Shows Recovery Near Falling Wedge Support, Aiming for $0.62 and Beyond*

Worldcoin (WLD) has been facing a tough period, but recent price movements suggest a potential recovery. The cryptocurrency has hit a key support zone, and buyers appear to be stepping in. Traders are watching closely as the price tests the lower border of a falling wedge pattern on the 3D timeframe.

Recovery Near Key Support Zone Outlook

Worldcoin’s price recently dropped below $1.00, marking a steep decline from its previous highs. As indicated by Jonathan Carter, the price has now reached a strong support zone around $0.40. This area is critical for the coin’s potential recovery.

“The price is showing signs of bouncing back as buyers are coming in at this level,” said Jonathan Carter.

Support has remained intact in this zone, which suggests that WLD is forming a solid foundation for future growth. If the support holds, the coin might be positioned for a significant bounce toward higher price targets.

WLD’s recovery targets have been outlined by the analyst, with key resistance levels set at $0.62, $1.40, $2.20, and $4.30. These targets suggest that, if the current trend continues, WLD could gradually move higher in the coming weeks. Traders are keeping a close eye on the market’s response to the support zone and are hopeful for a positive turn.

Increasing Volume and Market Activity

On February 3, 2026, WLD saw a sharp spike in trading volume, recording $295.04 million in a single transaction. This sudden surge in activity coincided with the coin testing its support zone. Despite the volatility, there are signs of renewed interest from buyers, which could play a role in lifting the price.

*Worldcoin Volume Increase | Source: Coinglass*

However, the OI-Weighted funding rate has been negative for several months, indicating a bearish outlook among traders. The funding rate has been mostly negative since October, and the market sentiment is still cautious. While the recent volume spike is a positive sign, it remains to be seen if the recovery will sustain in the face of overall market uncertainty.

Despite the recent volatility, Worldcoin potential for a recovery seems to be taking shape. The support level remains intact, and buyers appear ready to drive the price higher. It remains to be seen whether this momentum can be sustained, but the outlook for WLD continues to improve.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.