The Worldcoin price continues to slide even as Bitcoin recovers above $80,000 and the broader crypto market shows signs of strength. After facing rejection at key resistance levels, the crypto has maintained a steep downward trend, shedding more than 30% over the past seven days. The persistent decline raises questions about whether the token can regain momentum or remain vulnerable to further losses.
The WLD price is currently trading around $0.4356 and appears to be approaching the crucial $0.40 support level. Traders will be watching closely to see whether buyers step in to trigger a rebound or whether a breakdown below this support exposes the token to further downside.
WLD Price Tests Rising Trendline as Bearish Momentum Builds
The WLD price chart shows the token approaching an important support zone after falling 3.26% in the latest session. The price is moving closer to a rising trendline that has supported its recovery since May. However, repeated rejections at higher levels suggest that sellers are still in control, making the current price range an important test area.
As seen in the chart, the token is trading within a decisive pattern, with the price approaching the lower trendline. The order blocks highlight areas where buying or selling pressure may have previously influenced price movements. The price has entered such a zone, where buyers step in with aggressive buying. Besides, the CVD is largely negative, suggesting that market sells have outweighed market buys over the period, supporting the broader weakness within the market. Meanwhile, the RSI and OBV are both plunging, supporting the bearish structure.
The RSI has dropped below the average range, pointing to continued weakness, while the dropping OBV suggests buying interest may be fading. For now, the key question is whether buyers can defend the $0.42 to $0.43 zone, as holding this area could give a broader chance to recover.
Key Levels to Monitor
- $0.42 to $0.43 – Immediate support
- $0.40 – Crucial support
- $0.32 to $0.35 – Lower demand zone
- $0.45 – Initial resistance
- $0.4903 – Key resistance
- $0.56 to $0.60 – Major resistance zone
- $0.64 to $0.68 – Higher resistance zone
Wrapping it Up
Worldcoin remains under pressure as weak momentum and fading buying interest keep the price near the support zone. $0.40 is the major test, with a break below it potentially opening the way toward the $0.33 to $0.35 demand zone. However, if buyers defend the current support, the WLD price could attempt a rebound toward $0.45 and $0.50. For now, the price reaction around $0.40 to $0.43 will be crucial in determining whether the token can stabilise or extend its decline.