What is behind Worldcoin's recent drop in value today

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Worldcoin slips 10.90% today after sell-off

Highlights

Eightco Holdings acquired 283.45 million Worldcoin tokens, securing roughly 8.4% of the circulating supply amid heavy trading activity.
Worldcoin plans to lower token emissions by 43% through a tokenomics overhaul, but price sentiment remains subdued by market-wide selling pressure.
Technicals show mixed signals with continued bullish momentum but increased intraday volatility, and a sideways trading range forecast between $0.54 and $0.71.

Price under pressure as tokenomics shift counters acquisition flows

Eightco Holdings acquired 283.45 million Worldcoin tokens, representing approximately 8.4% of the circulating supply. Elevated trading activity was recorded following OpenAI’s confidential IPO filing and reported developments in Worldcoin’s identity verification network and mainnet security features. The company has also announced a planned tokenomics revamp to reduce token emissions by 43%, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, notes WLD is trading above all major moving averages but flags sharp volatility and an abrupt drop near the daily low. He finds the price under clear selling pressure despite positive institutional news and a planned reduction in token emissions, suggesting sentiment does not match the fundamentals. Kharitonov sees mixed momentum signals, with overbought readings and short-term buyer strength losing coherence. He cautions that a sideways range is likely, but the risk of a deeper move toward $0.54 remains high if momentum continues to unwind. "Traders should remain defensive here as bullish signals are undermined by persistent downside pressure and fading intraday support."

Viktoras Karapetjanc, expert at Traders Union, emphasizes the constructive backdrop driven by strong institutional accumulation and evolving project fundamentals. He sees Eightco Holdings’ acquisition and OpenAI-related developments as supporting robust demand and further integrating Worldcoin into key market narratives. Karapetjanc believes the bullish structure remains intact above major averages, offering setups for continued upside should momentum stabilize. "With tokenomics set for improvement and global sentiment shifting, I expect buyers to advance toward $0.71 in the coming sessions."

Jainam Mehta, market strategist, observes that Worldcoin’s mixed technicals reflect a volatile battle between buyers and sellers. He notes the divergence between strong long-term trend signals and short-term weakness, with elevated RSI hinting at limited upside without a consolidation. Mehta sees tactical opportunities forming as price approaches key levels, suggesting contrarian setups for active traders. "A break above $0.65 could trigger swift upside, but failed support at $0.60 may offer swift short entries within the defined range."

Divergent signals as intraday weakness meets long-term bullish trend

Momentum signals are mixed on the daily timeframe: MACD and Average Directional Index (ADX) are in bullish territory, but the Commodity Channel Index (CCI) shows overbought conditions and the Relative Strength Index (RSI) remains elevated at 68.4, near overbought. Bull/Bear Power (BBP) is positive, indicating buyers still dominate short-term momentum, yet there are several intraday oversold readings from Stochastic RSI and other timeframes. This underlines noticeable pressure after the open and shows momentum losing coherence, with a clear divergence between intraday weakness and broader bullish trend signals.

Earlier, analysts noted that Worldcoin was facing a period of prevailing bearish momentum amid heightened volatility and resistance from technical levels. Now, with institutional accumulation and evolving tokenomics adding complexity to the picture, traders should monitor for a decisive move above $0.65 or below $0.60 to gauge the next directional bias.

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

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