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Worldcoin (WLD) To Bounce Back? Potential Harmonic Pattern Signaling an Upside Move

Worldcoin (WLD) To Bounce Back? Potential Harmonic Pattern Signaling an Upside Move

CoinsProbeCoinsProbe2025/11/03 06:21
By:Nilesh Hembade

Date: Mon, Nov 03, 2025 | 05:30 AM GMT

The cryptocurrency market is shading its weekend upside momentum as both Bitcoin (BTC) and Ethereum (ETH) slide by 2% and 3% respectively, putting significant pressure on major altcoins — including Worldcoin (WLD).

WLD has dropped around 7% today, but beneath the bearish momentum, its chart is hinting at something potentially more optimistic — a developing harmonic pattern that could be signaling a short-term rebound.

Worldcoin (WLD) To Bounce Back? Potential Harmonic Pattern Signaling an Upside Move image 0 Source: Coinmarketcap

Bearish Gartley Pattern in Play?

On the 4-hour chart, WLD appears to be forming a Bearish Gartley harmonic pattern — a technical setup often known for marking potential reversal zones. Typically, once the final leg of this pattern (point D) completes, price tends to rebound from that level, leading to a short-term bullish move.

The formation began at Point X near $0.9645, followed by a sharp drop to Point A, a rebound toward Point B, and another decline that took prices to Point C near $0.7796. After testing that level, WLD has shown early signs of stabilization, currently consolidating around $0.7983 as traders look for confirmation of the next directional move.

Worldcoin (WLD) To Bounce Back? Potential Harmonic Pattern Signaling an Upside Move image 1 Worldcoin (WLD) 4H Chart/Coinsprobe (Source: Tradingview)

Adding to the setup, WLD’s 50-hour moving average (MA) — currently hovering near $0.8650 — acts as an important technical barrier. A clear breakout and sustained hold above this MA could reinforce the bullish argument, flipping the short-term structure from pressure to potential accumulation.

What’s Next for WLD?

For the harmonic bullish setup to remain valid, WLD must hold above the $0.7796 support (Point C) while attempting to reclaim the 50-hour MA. If bulls manage to maintain this structure, the harmonic projection suggests a possible move toward the Potential Reversal Zone (PRZ) between $0.9219 and $0.9645, aligning with the 0.786 to 1.0 Fibonacci retracement levels.

This target area represents roughly a 20% potential upside from current levels — a sign that Worldcoin could be gearing up for a meaningful short-term rebound if broader market sentiment stabilizes.

However, traders should remain cautious. The pattern is still in its developing phase, and any decisive break below Point C could invalidate the setup, exposing the token to further downside before a firmer base forms.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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