WorldCoin ($WLD) Price Prediction for May 24: Bulls Eye $1.73 as Rally Cools Below Key Resistance

The Worldcoin price today is holding near $1.53, cooling off slightly after a vertical run to $1.63. The surge has shifted technical momentum in favor of bulls, but short-term indicators now flash caution near key resistance zones.

After a parabolic move earlier this week, Worldcoin price action is showing signs of exhaustion as lower timeframe indicators slip out of overbought zones. While bulls remain in control on the higher timeframes, a short-term consolidation or minor retracement appears likely before the next leg.

What’s Happening With Worldcoin’s Price?

On the 30-minute and 4-hour charts, Worldcoin price staged a near-vertical breakout from the $1.20 consolidation range, spiking over 35% to tag $1.63 before pulling back mildly. This rally followed a textbook breakout from a descending wedge structure, backed by rising volume and momentum.

The immediate rejection near $1.63 has created a local resistance cap, while the zone around $1.47–$1.50 is acting as soft support. On the daily structure, Worldcoin has now reclaimed its mid-April highs and is pushing into untested resistance from late December around $1.67.

From a trendline perspective, WLD is riding along a new ascending support originating from the May 20 breakout. Price remains above all short-term EMAs on both intraday and daily timeframes, affirming bullish structure.

RSI, MACD And Ichimoku Show Diverging Signals

On the 30-minute chart, the RSI has cooled off from overbought conditions and is currently sitting around 55, hinting at a mild loss of upward momentum. This aligns with the flattening MACD histogram, which has begun narrowing after a strong bullish crossover earlier.

The 30-minute Ichimoku Cloud remains bullish, with price action well above the Kumo and the Tenkan-sen leading the baseline. However, the Chikou span is nearing resistance from prior price clusters, raising the possibility of sideways compression.

The MACD on the 4-hour timeframe remains in a bullish configuration, although the histogram is beginning to flatten, potentially foreshadowing a brief cooldown. Meanwhile, Chande Momentum Oscillator is fading from local highs, suggesting a short-term pause.

Bollinger Bands Signal Overextension

On the 4-hour chart, Worldcoin price today trades near the upper Bollinger Band limit at $1.58, following a strong expansion in volatility. The gap between the upper band and 20-SMA midline is wide, which typically precedes mean-reversion behavior.

The daily Bollinger Bands also reflect this, with WLD pushing into the overbought edge of the volatility envelope. While this confirms strength, it also raises caution that the price may retrace slightly or range before continuing higher.

Short-Term Forecast: Can Bulls Hold The $1.50 Zone?

The current pullback from $1.63 is healthy after a steep upside rally. As long as bulls hold above the key support zone of $1.47–$1.50, the structure remains intact for a continuation.

A clean break above $1.63 would open the door toward $1.73 and then the psychologically significant $2.00 zone. However, failure to hold above $1.47 could lead to a correction toward the $1.31–$1.35 range, where the 20-EMA cluster on the 4H chart sits.

Below is a short-term outlook based on the current chart analysis:

Why Worldcoin Price Going Up Today?

Firstly, Worldcoin broke out of multiple descending resistance lines on both the 4-hour and daily charts, triggering a fresh wave of technical buying. This breakout marked the end of a prolonged consolidation phase and invited momentum traders back into the market. The move was reinforced by a sharp surge in trading volume on May 22, confirming that the breakout was backed by conviction and not a false spike.

Beyond the chart dynamics, Worldcoin has also benefited from a broader wave of optimism in the altcoin market. With Bitcoin stabilizing above $111,000, capital has begun rotating into high-beta altcoins like WLD, which tend to outperform during bullish continuation phases. This rotation effect has added fuel to Worldcoin’s rally.

Additionally, the accumulation zone near $1.20 proved to be a strong foundational base, offering multiple bounce confirmations before the breakout occurred. The fact that this base held firm throughout the past week gave buyers the confidence to step in aggressively once price crossed the $1.35 threshold.

Outlook Ahead for Worldcoin

The Worldcoin price update confirms bullish momentum, but the asset may enter a brief consolidation phase before retesting the $1.63 high. If that level is broken, $1.73 and $2.00 become the next major bullish targets. However, if $1.47 fails to hold, a dip toward $1.35 is likely.

Despite minor volatility, the Worldcoin price today still reflects healthy uptrend dynamics, and traders should watch for reclaim or rejection signals near the short-term trendline and $1.63 resistance.