• The TD Sequential indicator suggests that Worldcoin (WLD) may be on the cusp of a rebound.
• Recent technical signals from Worldcoin (WLD) charts indicate a possible upward movement.

Worldcoin (WLD) is currently in a compelling market position. Following a few days of reported losses, the cryptocurrency has caught the eye of traders and analysts alike, thanks to bullish signals appearing in its technical indicators.

According to AMBCrypto’s analysis, Worldcoin (WLD) has formed a rounded bottom pattern, typically interpreted as a bullish signal in technical analysis. This pattern suggests that following a decline, selling pressures have waned, and buyers are gradually regaining control—this could pave the way for a potential upward move.

Source: Coinglass

As of the latest updates, the Fear and Greed Index indicated a neutral reading of 50. This suggests that the market sentiment is balanced, neither overly fearful nor excessively greedy, creating a solid foundation for a potential bullish trend. While the market assesses Worldcoin’s past performance, the rounded bottom pattern might signal an impending price increase.

Change in Market Sentiment

The weekly chart for WLD has flashed several buy signals via the TD Sequential indicator, including A13, C13, and S13. This established tool is often utilized to anticipate trend reversals by identifying points of exhaustion in price movements.

Source: Ali Charts

The emergence of these buy signals suggests that WLD’s downward movement might be coming to a close, indicating a potential bullish reversal.

The combination of these TD Sequential signals with the rounded bottom pattern reinforces the possibility of a price rally. If market conditions remain favorable, these buy signals could trigger a significant increase in WLD’s price.

Indicators of Future Movements

At present, Worldcoin (WLD) showcases a volatility reading of 121.90%. Such marked volatility is typical in the cryptocurrency landscape and is often associated with major price fluctuations.

Source: IntoTheBlock

This heightened volatility may suggest that market participants are gearing up for a price adjustment. Historically, phases of significant volatility indicate potential trend reversals, indicating Worldcoin may soon experience a rebound.

If this volatility persists, it may signal that WLD is gearing up for a breakout, following a pattern similar to previous rebounds.

Increasing Interest Indicates Potential Upsurge

Lastly, an examination of the open interest in WLD Futures on Binance shows a noticeable increase over the past weeks. Open interest refers to the total number of active futures contracts and can reflect rising market interest.

Source: CoinGlass

These insights suggest that an increasing number of traders are preparing for potential price fluctuations.

This trend aligns with the bullish signals from the TD Sequential indicator and the promising price patterns observed on the charts. The rise in open interest in futures contracts further supports the likelihood of a bullish trend, as it shows that traders are reacting to the favorable outlook for Worldcoin’s price.