• On-chain analyst Ali Martinez predicts a potential rebound for Worldcoin (WLD) with a medium-term bullish signal.
• Launchy founder Karon revealed $3.5 billion worth of tokens to unlock in July, with WLD leading the list.

After witnessing a bearish trend over the last 30 days, Worldcoin (WLD) is expected to rebound. Ali Martinez, a popular on-chain analyst, recently tweeted about an opportunity for WLD, citing a weekly chart.

TD Sequential Indicates Worldcoin Rebound 

Martinez reports that the TD Sequential indicator has triggered a “buy signal,” indicating a possible rebound within one to four weekly candles after the signal’s. This shows that Worldcoin has mid-term bullish potential.

Previously, Worldcoin struggled to meet its goal of one billion users. A report from last year revealed that the initiative has consistently encountered a scarcity of Orbs, which scan people’s iris in return for WLD tokens.

Beside that, Launchy founder Pangestu Karon tweeted about the token unlock expected this month. He indicated that $3.5 billion in tokens will be unlocked in July.

According to the chart, WLD will be the largest unlocked token, worth $628.17 million. Solana (SOL) and Altlayer (ALT) are the second and third largest tokens to be unlocked, with values of $410.46 million and $227.94 million, respectively.

In early July, accoding our prior report, Worldcoin strengthened its team by hiring four former executives from Apple, Google, Meta, Tesla, and Twitter. Meanwhile, WLD is currently trading at $1.91, up 3.87% but still down more than 45% since mid-June.

These developments indicate that, while Worldcoin confronts obstacles, there is hope for a recovery. The optimistic signs from the TD Sequential indicator, together with major token unlocks and key hires, point to a potential favorable change for WLD in the near future. Investors will be watching closely to see if these variables lead to a sustainable recovery for the token.