Worldcoin falls around 7.5% as sellers dominate short-term trend

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Worldcoin drops 7.44% to $0.3908 today

Highlights

Worldcoin is retesting a significant weekly support after a sharp fall from its 2024 highs, signaling sustained selling pressure.
Persistent negative sentiment and shifting trader positions reflect market caution as the token's structural support is challenged.
Technical indicators are predominantly bearish, with high downside risk and price expected to remain between $0.35 and $0.41 for the coming days.

Selling pressure intensifies as critical support draws market caution

Worldcoin is currently testing a critical weekly support level after the token’s substantial drawdown from its earlier 2024 peak above $10. The fact that the asset is retesting major structural support underlines persistent selling pressure and sharp shifts in trader positioning. This backdrop has amplified market caution and contributed to the prevailing negative sentiment for Worldcoin.

Oversold momentum strengthens as technical barriers contain rebound

On the H1 timeframe, WLD/USD is trading below both the 20-period and 50-period moving averages, while on the daily chart, it remains below the 200-period moving average. The Ichimoku Kijun level on the daily chart is set at $0.4077, acting as immediate resistance. Relative Strength Index (RSI) stands at 32.29, indicating a sell signal, and both Stochastic RSI and Commodity Channel Index (CCI) show oversold readings, hinting at stretched intraday conditions. The Moving Average Convergence Divergence (MACD) also signals a sell, while the Average Directional Index (ADX) is neutral and the Awesome Oscillator does not confirm the ongoing downtrend. Bull/Bear Power suggests continued seller dominance, with price action remaining volatile near the daily low.

Further losses likely as downside risk overshadows reversal odds

Over the next two to three trading days, WLD/USD is likely to stay within a typical volatility band of $0.3517 to $0.4119. Downside risk remains elevated, with a high probability of further declines and only a low chance of an upward reversal. The baseline scenario forecasts stable movement within the $0.35–$0.41 range; a breakout above $0.4077 would signal a bullish reversal, while a move below $0.3517 opens up the potential for additional losses.

Viktoras Karapetjanc, expert at Traders Union, sees Worldcoin in a vulnerable position as sellers continue to dominate. He notes that sentiment remains cautious, with market structure deeply influenced by the token’s sharp decline from above $10. The analyst highlights that, even with short-term oversold signals, downside risks outweigh immediate reversal odds. However, Karapetjanc stresses the asset’s volatility could open up opportunities if support holds. "If Worldcoin manages to defend these key support levels, a rapid recovery is possible but traders should remain selective and monitor sentiment closely."

Earlier, analysts noted that Worldcoin was under sustained bearish momentum, with technical signals suggesting further downside risks. Ongoing weakness across multiple timeframes now reinforces a cautious stance, making it essential for traders to monitor any decisive move below the $0.3517 support for signs of deeper losses.

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.