$WLD Identifying a WLD Bearish M Pattern
A bearish "M" pattern, or double top, on Worldcoin's (WLD) chart is a classic reversal formation, signaling a failed uptrend and a potential shift to a new downtrend.
This pattern forms when WLD creates two distinct peaks at a similar resistance level, separated by a moderate trough. The support level at the base of this trough forms the critical "neckline." Volume often diminishes on the second peak, showing waning buying pressure.
The bearish reversal is confirmed when WLD's price breaks down decisively below the neckline support. This breakdown projects a downward move with a minimum target equal to the pattern's height.
Ultimately, this pattern indicates that bullish momentum has been exhausted and sellers are taking control.$PIPPIN $POWER
