$WLD is currently trading around $1.17, showing a strong +24% daily move and now sitting right at a multi-year descending trendline that has capped price since 2021.
This area is critical — a successful breakout could mark the first real reversal of the long-term downtrend. The technical projection points toward a potential move up to the $3.00–$3.50 zone, which represents over 200% upside from current levels.
However, until price closes firmly above this trendline, the risk of another rejection remains. If that happens,
$WLD could retrace back toward the $0.85–$0.90 support range.
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