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- 🔥 Gate Post Ambassador Exclusive Posting Reward Task Is On!
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- Gate Brand Strategy Major Upgrade
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- 🔵 #Altcoin Season Index Hits 24#
CoinMarketCap data shows the altcoin season index has climbed to 24, up 2 points from yesterday. Among the top 100 projects by market cap, about 24 have outperformed BTC over the past 90 days. Do you think the altcoin season is true here? Which sectors do you expect to lead the charge? Share your predictions!
🔵 #Saylor Hints at More BTC Buying#
Michael Saylor, founder of Strategy, recently released new Bitcoin Tracker updates. Historically, Strategy tends to disclose BTC accumulation the day after such announcements.
What’s your take—will they increase thei - 🔵 #Can BTC Break $110K?#
Bitcoin recently broke above $107,000 and is currently trading around $105,000, just shy of its all-time high at $109,580. Do you think Bitcoin can set a new record and push past $110,000? Share your analysis and predictions with us!
🔵 #AI Token Market Cap Rebounds#
According to CoinGecko, the total market cap of the AI agent sector has rebounded to $6.862 billion, with a 1.2% increase in the past 24 hours. Notably, VIRTUAL surged 18.5%, and AI16Z rose 7.1%. Which AI tokens are you bullish on? How are you planning your portfolio strategy? Let’s hear your thoughts! - 🍕 Bitcoin Pizza Day is Almost Here!
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Worldcoin (WLD) Retesting Its Descending Channel Breakout: Is a Bounceback Ahead?
Date: Wed, May 07, 2025 | 12:10 PM GMT After a shaky start to 2025, the crypto market is finally showing signs of life. Ethereum (ETH) has jumped nearly 31% from its April 9 low, and it’s not the only one making a move. Worldcoin (WLD), one of a top altcoin, has surged nearly 50% over the last 30 days—drawing renewed attention from traders. But after a brief cooldown in weekly gains, WLD is back in the spotlight, posting a 6% bounce today.
Source: Coinmarketcap According to crypto chart analyst @JohncyCrypto, WLD’s recent price structure may be setting the stage for a stronger bullish reversal. Retesting the Descending Channel Breakout Looking at the daily chart, WLD had been locked in a persistent descending channel since its December 6 peak of around $4.18, sliding all the way down to a low near $0.57 on April 7. The pattern was marked by consistent lower highs and lower lows—a textbook bearish trend.
Worldcoin (WLD) Daily Chart/Source: @JohncyCrypto That trend, however, broke on April 26, when WLD finally punched through the upper boundary of the channel around $0.95. The breakout led to a swift rally toward $1.25, a local resistance level. Since then, the price has pulled back but is now retesting the descending resistance line, which often acts as support after a breakout. Adding fuel to the bullish case, $WLD is also hovering near its 50-day moving average (MA 50)—a key technical level that traders use to gauge medium-term trend direction. If WLD holds above this support area, it may open the door for another leg up. Analysts are eyeing the following upside targets: $1.25 – Near-term resistance$1.75 – Mid-range target$2.50 – Major target zone with lighter volume resistance A rally to $2.50 would mark a 62% gain from the current price of $0.93. The volume profile also hints at relatively low resistance above $1.20, suggesting that a breakout above this range could trigger a sharp move higher. Is a Bounceback on the Way? Considering the breakout from the long-standing descending channel, current support from the 50-day moving average, and the broader improvement in crypto market sentiment, Worldcoin (WLD) appears poised for a potential bounce. Still, confirmation is key. Holding above the $0.84–$0.87 support zone will be critical in the coming sessions. If bulls can defend this level and reclaim momentum, WLD might be gearing up for a strong recovery rally in the weeks ahead. Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.