Worldcoin (WLD) price is making headlines again as the token inches toward a potential breakout above $1.28, signaling a short-term rally toward the $1.50 resistance. After consolidating in the $1.20–$1.27 zone for the past week, WLD is riding the wave of a broader altcoin market recovery—gaining over 20% in the past seven days. Bolstered by high trading volumes, favorable technical signals, and increasing adoption of its World ID ecosystem, the WLD price appears to be primed for a significant move. 

Now that the Worldcoin price is undergoing a correction, the question arises whether it will be restrained from reaching $2.

Price Structure Tightens as Bulls Defend Support

Worldcoin is currently trading at $1.27, well above the $1.20 support that has held firm over the past week. Price action is tightening below the 0.236 FIB levels at $1.435, a continuation pattern that often resolves upward if the levels are secured. Momentum indicators are aligning:

• RSI sits near 65 after plunging from 80, pointing towards a correction. 

• 200-MA is offering a strong base and hence the pullback could be reversed if the price continues to drop 

• Volume is rising, signaling strong accumulation and also an increase in the volatility. 

If bulls can sustain a close above $1.28, the door opens to a quick rally toward $1.50. Beyond that, the next key zone sits around $1.70, a level not seen since early May. However, if $1.20 breaks, downside risks include a drop to $1.05.

WLD Riding Wave of Altcoin Rotation and On-Chain Demand

This move isn’t happening in isolation. WLD is benefiting from a broader altcoin resurgence, with capital rotating out of Bitcoin and into high-potential Layer-1 and identity-based tokens. More importantly, Worldcoin’s fundamentals are catching up with its hype.

• The expansion of Orbs (biometric identity scanners) to over 46 countries is driving adoption of the World ID protocol.

• Strategic partnerships—with brands like Tinder (Match Group) and Story Protocol—add utility and relevance.

• WLD token usage may spike as World ID becomes more integrated into real-world apps, potentially increasing demand.

Altogether, this growing use case backs the price action, adding fuel to the technical breakout setup.

Beyond project-level factors, macro sentiment is turning supportive. With expectations of a U.S. interest rate cut in September, liquidity may start to return to risk-on markets—including crypto. At the same time, recent U.S. regulatory developments, like the GENIUS Act, are reinforcing investor confidence in compliant crypto projects. Moreover, as the capital flows back into altcoins, technically backed, utility-driven tokens like Worldcoin (WLD) are expected to benefit the most.