Selling pressure pushes Worldcoin price lower in today's trading

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Worldcoin slips 8.64% today to $0.573

Highlights

Worldcoin will reduce its daily token unlock rate by 43% on July 24, sharply curbing new token supply.
Verified World IDs exceeded 10 million as Worldcoin expanded identity verification into new Asian and Latin American markets, bolstering user adoption.
Despite recent selling pressure, technical momentum remains bullish with a high probability of a move toward $0.6465, barring a drop below $0.5478.

Issuance cut and expanded verification spark mixed flows amid selling pressure

Worldcoin recorded significant developments in June 2026, including a 43% reduction scheduled in its daily token unlock rate on July 24, which is set to decrease new token issuance. The project surpassed 10 million World IDs verified and expanded its identity verification services into new Asian and Latin American markets. Trading volume exceeded that of Dogecoin, and activity rose on both exchanges and on-chain, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, notes the recent 8.64% drop in Worldcoin as a sign of growing seller control. He sees the near-term fall below the $0.5764 resistance and the mild selling pressure as warning signals. Despite some bullish technical readings, he considers the volatile price action and reliance on future token unlock changes as fragile foundations. Kharitonov remains skeptical about continued upside given intraday volatility and recent selloffs. "I see elevated risk of further declines if price loses the 20-day support at $0.5478 and caution traders against chasing rebounds here."

Viktoras Karapetjanc, expert at Traders Union, highlights Worldcoin's expansion and verified user growth as strong signals of adoption. He sees the 43% reduction in daily unlocks as a structural improvement for supply dynamics going forward. The analyst remains constructive, emphasizing that bullish momentum indicators and high trading volumes support further price appreciation. "With fundamentals strengthening and the bullish structure intact above major averages, I expect further upside and view this consolidation as a new entry opportunity."

Jainam Mehta, market strategist, observes that Worldcoin is holding above key moving averages despite the recent pullback. He notes robust upside indicators but warns that intraday volatility and the changing token unlock rate may keep price action choppy. Mehta suggests monitoring the $0.5764 resistance for signs of a breakout or a failed rally. "A tactical trade could be to buy support near $0.5478 with a tight stop, aiming for a reversal toward $0.6465 if momentum resumes."

Bullish technicals challenged by intraday sell bias as momentum stays robust

WLD/USD is trading above the 20-day ($0.5478), 50-day ($0.3911), and 200-day ($0.4053) moving averages, signaling a strong bullish structure in short-, medium-, and longer-term trends. Immediate attention remains on the near-term ceiling at $0.5764 and the near-term floor provided by the 20-day average at $0.5478, with longer-term alignment still showing a bearish slant. Momentum indicators are robust: both the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) suggest strong upside momentum. The Relative Strength Index (RSI), Stochastic RSI, and Commodity Channel Index (CCI) are in "Buy" territory and show no significant overbought signals yet. Bull/Bear Power (BBP) is positive at 0.0759, highlighting continued buyer dominance intraday. The gap opened to the downside, with an early move of about $0.0079 or 1.26% and the price now near session lows following a drop of $0.0542, slipping 8.64%. Intraday volatility stands at 9.26%. The bias has shifted to mild selling pressure after the open, matching momentum signals, with only the Awesome Oscillator (AO) turning neutral.

Previously, analysts noted that Worldcoin was experiencing heightened selling pressure amid user growth and reduced token unlocks, contributing to a bearish market outlook. The latest market action adds a new dimension by highlighting a shift toward short-term selling pressure despite persistent bullish momentum in medium- and longer-term trends, making sustained movement above $0.5764 a key signal for renewed upside.

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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