Worldcoin Plummets 9.01% as Relentless Bearish Trendline Crushes Recovery Hopes
Worldcoin (WLD) investors faced another brutal day as the cryptocurrency plunged 9.01% to $1.11, trapped beneath a stubborn bearish trendline that has crushed every recovery attempt since early 2025. With trading volume spiking 10.94% to $243.65 million, is this capitulation or accumulation?
Worldcoin’s Bearish Prison: When Will the Trendline Break?
The descending trendline has become WLD’s nightmare, rejecting every bullish attempt since February 2025. Key technical levels to watch:
- Immediate resistance: $1.23 (recent swing high)
- Critical breakout level: $1.65 (trendline violation)
- Support zone: $1.09-$0.771 (make-or-break area)
WLD Market Analysis: Contradictory Signals Emerge
While price action looks grim, some metrics suggest potential accumulation:
| Metric | Value | Change |
|---|---|---|
| 24h Volume | $243.65M | +10.94% |
| Market Cap | $2.03B | -8% |
| Unlocked Cap | $4.04B | Flat |
Worldcoin’s Make-or-Break Levels
The $0.748-$0.771 support zone has held through three severe tests. A breakdown here could trigger:
- Stop-loss cascades
- Margin liquidations
- New yearly lows
Cryptocurrency Traders Await Trendline Breakout
Until WLD closes above $1.65, the bearish structure remains intact. Historical resistance levels loom above:
- $2.20 (June 2025 high)
- $4.17 (March 2025 peak)
- $6.55 (All-time high)
The battle lines are drawn – will Worldcoin bulls finally overcome the relentless bearish trendline, or is another leg down imminent? With volume rising and key support holding, the next 48 hours could determine WLD’s medium-term fate.
Frequently Asked Questions
Why is Worldcoin dropping?
WLD remains constrained by a multi-month descending trendline that has capped all recovery attempts, creating persistent selling pressure.
What’s the most important level for WLD?
The $1.65 breakout point is critical – until this level is breached, the bearish structure remains dominant.
Is the rising volume bullish for Worldcoin?
While increased volume often precedes trend changes, it currently accompanies price declines – suggesting distribution rather than accumulation.
Where is Worldcoin’s strongest support?
The $0.748-$0.771 zone has repelled three major sell-offs and represents the last line of defense against steeper declines.
