Worldcoin extends slide as Eightco Holdings commands significant token share

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Worldcoin falls 7.85% to $0.6019 today

Highlights

Eightco Holdings now controls 8.4% of Worldcoin's circulating supply, increasing transparency regarding major token holders.
This concentration of Worldcoin tokens coincides with broader market selling pressure, possibly exacerbating speculative activity and liquidity risks.
Worldcoin trades below key moving averages with bearish momentum, a high chance of price declining toward $0.5496–$0.6542 in the near term.

Major holder disclosure reshapes market dynamics amid selling pressure

Eightco Holdings disclosed that it holds 8.4% of Worldcoin's circulating supply, according to En Bloomingbit. The concentration of tokens with a Nasdaq-listed entity increases transparency over major holders and may affect speculative positioning and market liquidity. This news has emerged amid broader selling pressure.

Mixed momentum signals as WLD faces resistance near Kijun level

On the hourly chart, WLD/USD remains below the MA-20 at $0.6163 and MA-50 at $0.6253, while support lies near the daily MA-200 of $0.4055. The Ichimoku Kijun at $0.6278 now defines the immediate upside barrier. Momentum readings include MACD at Sell, ADX at Neutral, RSI at 42.79, with both Stoch RSI and CCI also on Sell signals, signaling a persistent negative bias. BBP stands on a Buy signal, reflecting some intraday buying, while AO remains Neutral. These mixed indicators highlight diverging short-term buyer interest against a backdrop of stronger downside pressure, as price trades near session lows with elevated volatility.

Limited rebound prospects as downside risk dominates short-term outlook

Looking ahead, WLD is likely to move within a typical volatility band between $0.5496 and $0.6542 over the coming days. The probability of a decisive upward move is very low, while the likelihood of further declines remains very high, making a sustained rebound unlikely for now. The baseline scenario calls for price to drift sideways inside this range, while a break above $0.6278 would signal potential for upside momentum. Conversely, loss of support near $0.5496 could accelerate downside movement.

Anton Kharitonov, expert at Traders Union, views the current setup for Worldcoin as fragile despite increased transparency from Eightco Holdings’ disclosure. He notes persistent technical weakness, with price stuck below key moving averages and sell signals dominating the short-term outlook. The analyst remains defensive given elevated volatility and broader market pressure. "Until $0.6278 is reclaimed, I see no compelling reason to expect a sustained rebound in WLD."

Earlier, analysts noted that Worldcoin was experiencing mixed momentum signals, with institutional accumulation adding complexity amid ongoing volatility and downside pressure. The latest data reinforce this cautious outlook, highlighting that traders should monitor the reaction to the $0.6278 resistance level as a potential inflection point for near-term momentum.

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.