Worldcoin shows potential bullish momentum amid ETF filing news

Technical analysis of Worldcoin (WLD) suggests a potential bullish reversal following the emergence of a morning star candlestick pattern near the $0.30 support zone. Analysts indicate that for a sustained recovery to be established, the token needs to clear resistance levels between $0.35 and $0.38.

Market interest in Worldcoin has been bolstered by recent corporate developments. Eightco Holdings reported holding over 283 million WLD tokens in its treasury, and Grayscale has filed an S-1 registration statement for a proposed spot Worldcoin ETF, intended to trade under the ticker GWLD on Nasdaq, pending regulatory approval.