WLD gains momentum with token transfer to BitGo custody boosting security focus: weekly report
Worldcoin (WLD) is trading at $0.2672, marking a weekly gain of $0.0297 or 12.51%. The price remains positioned well below both the W1 MA-20 at $0.3728 and the W1 MA-50 at $0.7297, highlighting sustained medium- and long-term bearish pressure despite the recent rebound.
Highlights
- WLD trades below key moving averages, signaling sustained bearish sentiment over medium and long timeframes.
- Momentum indicators remain weak, with strong selling pressure prevailing despite a brief 12.5% rebound last week.
- Price is likely to consolidate between $0.266 and $0.282, with a higher probability of downside if support fails.
Token transfer to BitGo boosts security focus this week
Worldcoin recently transferred 30 million WLD tokens, valued at approximately $8.17 million, to a BitGo custody wallet. Following this transaction, total WLD holdings at BitGo reached 153.65 million tokens, worth around $41.35 million. This move reflects a focus on enhancing asset security through third-party custody.
Technical weakness persists as oscillators and MAs reinforce sellers
On the weekly chart, WLD remains under considerable selling pressure, with the asset well below its MA-20 and MA-50, both of which act as dynamic resistance. The Ichimoku Kijun sits far above current price levels and does not provide actionable support or resistance. Key oscillators such as RSI and CCI remain in sell ranges, MACD signals a strong sell, and ADX reflects the absence of a clear trend, while the negative Bull/Bear Power indicates ongoing seller dominance. WLD is currently trading in the upper part of its weekly range, and overall volatility for the week registers 19.17%.
Range-bound outlook favored amid stalled momentum in coming week
Looking ahead to the next 7 days, WLD is likely to remain confined within a sideways band between $0.266 and $0.282, following recent volatility and continued weak momentum. No major technical indicator currently shows a buy signal, making a further rebound unlikely — the probability of additional upside is below 20%. A bullish scenario would require a decisive break above $0.282, while a bearish outcome could see WLD falling toward or below $0.266 if current support fails. Overall, a period of range-bound trading is the most probable scenario for the week.
Earlier, analysts noted that Worldcoin faced persistent bearish momentum, exacerbated by weak technical signals and regulatory scrutiny. The current rebound has yet to alter the overall outlook, and given the sustained pressures and lack of bullish confirmations, traders should closely monitor for a decisive move above $0.282 or a breakdown below $0.266 as signals for any shift from the prevailing range-bound scenario.
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