Worldcoin falls sharply as short-term downtrend extends

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Worldcoin drops 11.34% today

Highlights

Aggressive accumulation near $0.2750-$0.2900 in late May helped Worldcoin reverse short-term downside momentum amid strong AI-token demand.
Renewed activity coincided with sector-wide positive sentiment, boosting liquidity and volatility despite persistent overall selling pressure.
Technical analysis signals a bearish bias, with intraday volatility elevated and WLD likely to trade between $0.5533 and $0.6737 over coming days.

Renewed demand emerges after buyers defend support amid AI token rally

Buyers were reported to have aggressively defended key support between $0.2750 and $0.2900 in late May, resulting in renewed demand for Worldcoin as the asset shifted momentum following this intervention. This phase of heightened activity was accompanied by increased interest in tokens with exposure to artificial intelligence and broader positive sentiment across the crypto market. The combination of these factors drove notable market participation and volatility, though price action has remained under broader selling pressure.

Bearish momentum persists as key resistance holds and oversold signals grow

WLD/USD is positioned below the MA-20 ($0.6520) and MA-50 ($0.6556) on the hourly chart, while still maintaining levels above the long-term MA-200 ($0.4052, daily). The immediate resistance is marked by the Ichimoku Kijun at $0.6599. Momentum indicators, including both MACD and ADX, continue to register a sell bias, while RSI, Stoch RSI, and CCI remain deep in oversold territory, signalling a short-term stretch to the downside. BBP shows sellers leading intraday momentum, and the Awesome Oscillator aligns with prevailing bearish pressure.

Downside favored as range-bound trading and resistance cap recovery

Across the next two to three trading days, WLD/USD is expected to fluctuate within a volatility band from $0.5533 to $0.6737. Based on probabilities, there is a 29% chance of an upward move and a 71% likelihood of further declines. The baseline scenario involves sideways trading within this defined range. A bullish scenario would require a break above $0.6599 resistance to open higher levels, while a move below $0.5533 could lead to deeper losses.

Anton Kharitonov, expert at Traders Union, sees Worldcoin facing significant technical and sentiment headwinds. He notes the recent aggressive buying at key support triggered a rally, but momentum has now flipped back to the downside. With bears still dominating and key resistance overhead, Kharitonov remains defensive in his outlook. "Unless WLD reclaims $0.6599, I see little reason to expect sustained upside in the near term."

Earlier, analysts noted that strong institutional accumulation and favorable technical signals had established a bullish outlook for Worldcoin. However, the current environment has shifted to one of prevailing bearish momentum, making a sustained break above the $0.6599 resistance level a key signal for any potential reversal in coming sessions.

Source of Data: WLD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.