Worldcoin (WLD) is attempting to stabilize after posting a modest rebound, with the token trading in the low $0.40 range as buyers continue defending a key psychological support level.
The recovery comes after months of sustained selling pressure that erased more than 96% of WLD’s value from its 2024 all-time high near $11.97.
While the latest Worldcoin price action has improved short-term sentiment, technical analysts remain divided over whether the move represents the beginning of a sustainable trend reversal or simply another consolidation phase within a broader downtrend.
Worldcoin Price Faces Mixed Technical Signals
Recent market activity has seen WLD price recover between 3% and 7% alongside a broader improvement across the cryptocurrency market. Even so, several analysts argue that the rally lacks sufficient technical confirmation.
Worldcoin (WLD) is showing a significant weekly RSI bearish divergence, suggesting weakening momentum after its rally from $0.23 to $0.72, with volatility expected to ease as the token trades near $0.41. Source: @that1618guy via X
Crypto analyst @that1618guy believes Worldcoin’s weekly chart continues to flash caution despite its rebound. In a recent post on X, the analyst pointed to a significant bearish Relative Strength Index (RSI) divergence that developed after WLD surged from approximately $0.23 to $0.72.
According to the analyst:
“WLD is showing big bearish RSI divergence on the weekly timeframe.”
The analyst also noted that weekly volatility appears to be rolling over while the token is retesting its one-week exponential moving averages (EMAs). Rather than viewing the EMA retest as an attractive entry point, the analyst argued that weakening momentum and the absence of a strong market narrative favor additional consolidation before another meaningful advance.
Long-Term Outlook Still Points to Higher Levels
Not every market observer shares the same cautious outlook.
Crypto analyst @0xLogicalx believes Worldcoin remains in the early stages of a longer-term recovery cycle. Reviewing WLD’s weekly chart, the analyst argued that previous crypto market cycles often progress by reclaiming major resistance zones one after another.
Worldcoin’s (WLD) weekly chart suggests major rallies typically unfold in stages, with key resistance levels at approximately $2.20, $4.15, and $12 marking potential upside milestones. Source: @0xLogicalx via X
The chart identifies three important resistance levels near $2.20, $4.15, and $12. Since WLD currently trades around $0.40-$0.42, it remains well below the first major resistance level.
The analyst’s TradingView chart suggests that reclaiming these historical resistance zones could gradually strengthen the long-term trend following an extended bottoming period. However, those price levels remain considerably above current market prices and would require multiple confirmed breakouts before becoming technically relevant.
Liquidation Data Highlights Important Resistance
Derivatives positioning also provides insight into where traders are concentrating their bets.
Market analyst @EsamTrading previously shared a 30-day Coinglass liquidation heatmap showing dense clusters of highly leveraged positions between $0.48 and $0.52, particularly on Bybit.
The 30-day Coinglass liquidation heatmap shows dense 25x–50x leveraged positions clustered between $0.48 and $0.52, indicating a key liquidation zone as WLD traded around $0.494. Source: @EsamTrading via X
The analysis suggested that:
- A decisive breakout above $0.522 with rising volume could expose upside toward $0.55-$0.58.
- Rejection around $0.50-$0.51 could trigger renewed selling pressure and another test of lower support.
Subsequent price action ultimately favored the bearish scenario outlined in the heatmap, with Worldcoin retreating into the $0.40-$0.42 range by mid-July before beginning its current recovery attempt.
Worldcoin Technical Analysis
Broader Worldcoin price prediction indicators continue to present a mixed picture.
TradingView’s technical summary currently reflects an overall Neutral reading on some timeframes, although accompanying technical assessments continue to describe the market with a broader Sell-to-Neutral bias, particularly on the weekly and monthly charts.
Worldcoin (WLD) price chart. Source: Brave New Coin
Momentum indicators also remain cautious.
The 14-day RSI is estimated around 40-45, placing it in neutral territory but closer to oversold conditions than overbought levels. This suggests bearish momentum has weakened, although buyers have yet to establish a decisive advantage.
Meanwhile, the MACD remains near the zero line, reflecting limited directional momentum rather than a confirmed bullish reversal.
Moving averages tell a similarly balanced story. WLD is trading close to its shorter-term moving averages, including the 50-day moving average near the $0.40-$0.50 area. Some market data continues to show a longer-term golden cross, where the 50-day moving average remains above the 200-day moving average. However, analysts note that this positive signal is offset by the broader bearish market structure that has persisted since 2024.
Key Support and Resistance Levels
From a price structure perspective, $0.40 remains the most important level for traders.
Immediate support sits between $0.38 and $0.40, representing both a recent consolidation zone and an important psychological threshold. Below that, additional support appears near $0.35, followed by the previous major low around $0.23.
On the upside, initial resistance is located between $0.42 and $0.45, an area reinforced by the 30-day simple moving average. A sustained move above this zone would improve short-term momentum and could shift attention toward the next major resistance near $0.70.
Outlook
Worldcoin has shown encouraging signs of stabilization after defending the $0.40 support area, but the broader technical picture remains balanced rather than decisively bullish.
Short-term momentum has improved alongside the wider crypto market, yet several technical indicators—including the weekly bearish RSI divergence, neutral momentum readings, and longer-term sell signals—suggest traders may still be in a period of consolidation.
For now, maintaining support above $0.40 while reclaiming the $0.42-$0.45 resistance zone would strengthen the recovery narrative. Until those levels are decisively cleared, analysts generally view the recent advance as an early recovery attempt within a market that continues to rebuild after a prolonged decline.
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