Can Worldcoin hold $0.3845 support as price faces ongoing selloff?

Traders Union
All News
Crypto
Worldcoin drops 6.54% to $0.4027

Highlights

Worldcoin's price is capped by strong resistance at the 50-day EMA, limiting prospects for a sustained rebound.
Market sentiment remains bearish as no new catalysts have emerged to drive an upward move in the near term.
Technical indicators show predominant downside risk, with a 74% probability of declining toward the $0.3845–$0.4199 consolidation range over the next 2–3 days.

Recovery faces resistance as 50-day average caps upside momentum

Worldcoin has faced constraints in upward price movement as the 50-day exponential moving average at $0.4268 serves as a resistance level, according to Fxstreet. This technical barrier has limited the ability of buyers to drive a sustainable recovery, exerting ongoing pressure on near-term sentiment. The broader market context remains shaped by this resistance, with no offsetting catalyst noted in recent activity.

Mixed momentum signals as MACD sell bias contrasts with bullish BBP

On the H1 chart, WLD/USD has crossed above the 20-period and 200-period moving averages but remains below the 50-period moving average. Immediate resistance is defined by the Ichimoku Kijun level at $0.4083, while support is seen near $0.3845. The Moving Average Convergence Divergence (MACD) indicator gives a strong sell signal, while the Average Directional Index (ADX) is neutral, indicating a lack of significant trend strength. The Relative Strength Index (RSI) also points to a sell bias, with both the Stochastic RSI and Commodity Channel Index (CCI) displaying neutral signals. Bull/Bear Power (BBP) reflects strong buyer dominance in intraday action, yet the Awesome Oscillator remains neutral, highlighting a divergence among short-term signals.

Downside scenario favored as price poised for range-bound trade

Looking ahead over the next two to three trading days, WLD/USD is expected to consolidate within a volatility band between $0.3845 and $0.4199. The likelihood of further downside movement is higher, with a 74% probability assigned to a decline and 26% to an upward move. Baseline expectations point to price stabilization in this range unless a bullish breakout above $0.4083 occurs, while a drop below $0.3845 would reinforce the downside scenario.

Anton Kharitonov, expert at Traders Union, sees Worldcoin facing clear technical resistance at the 50-day EMA, which limits recovery attempts. He notes sentiment and indicator signals remain weak, with strong downside probabilities dominating the outlook. Short-term price action suggests a consolidation phase as the most likely scenario, with sellers maintaining control while resistance persists. "Until WLD can close above $0.4268, my tactical stance stays defensive and I expect downside pressure to persist."

Earlier, analysts noted that Worldcoin was experiencing persistent bearish pressure with a tendency toward sideways consolidation as buyers struggled to regain control. The current technical setup further underscores the asset's vulnerability to downside moves, with traders advised to track the $0.3845 support level for potential acceleration of bearish momentum if breached.

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.