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WLD needs to clear the weekly resistance block at $0.56–$0.75 to strengthen the bullish case.
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The token trades above its daily 200-day EMA band, with a golden cross already formed.
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BTC and ETH strength, alongside future WLD announcements, could help bring the liquidity needed for a breakout.
The WLD price is approaching a make-or-break zone. The weekly chart shows resistance between $0.56 and $0.75, and clearing the entire block could mark the change of character bulls need. Until then, calling a full trend reversal would be premature.
WLD Recovery Looks Strong, But Resistance Remains
Since its July decline, WLD has staged a notable recovery through October. On the daily chart, the token is trading above the 200-day EMA band, while a golden cross has formed between the 50-day and 200-day EMA bands.
That setup points to growing bullish demand. Still, technical signals don’t guarantee the next move, especially with a substantial resistance zone overhead.
WLD Price Needs Serious Liquidity to Break Higher
The $0.56–$0.75 block looks wide on the daily chart, but it makes more sense in the context of the weekly timeframe. WLD price needs enough buying pressure to clear the full range, not just poke above its lower boundary.
If bulls manage that, $1.0 becomes an initial target, with the possibility of higher levels if momentum holds. But until the entire zone breaks, those targets remain conditional and not a promise.
BTC and ETH Could Help Set The Pace
Moreover, in the recent days, WLD has reacted bullishly on two consecutive days since October 8, coinciding with improving prices for BTC and ETH. That timing suggests broader market direction is currently influencing WLD’s moves.
A sustained climb in the two major assets could help improve conditions. Yet market strength alone may not deliver the liquidity needed to break such a large resistance block.
Source: Shark Exchange
Future Announcements Could Become The Catalyst
For now, traders have two potential ingredients to watch: continued strength in BTC and ETH, and major WLD announcements in the coming weeks or months. Either could help attract attention and liquidity, though neither is guaranteed to trigger a breakout.
The WLD price outlook hinges on clearing $0.56–$0.75. Until that happens, the recovery and golden cross look encouraging but the bullish trend still needs confirmation.
