Worldcoin Price Attempts Early Recovery as Price Reclaims Key Trendline

Markets 2025-11-08 10:07

Worldcoin Price Attempts Early Recovery as Price Reclaims Key Trendline

Worldcoin is showing early signs of structural recovery after an extended period of downward movement, with the price attempting to reclaim a significant descending trendline.

Recent chart signals suggest that market conditions may be shifting, though confirmation remains dependent on follow-through and sustained support levels.

Potential Breakout Formation Near $0.75–$0.78 Zone

In a recent market update shared on X, analyst LSTRADER highlighted an emerging breakout setup forming on Worldcoin. According to the posted chart, price is currently interacting with a long-standing descending resistance trendline, having stabilized within a narrow consolidation range between $0.75 and $0.78. The chart identifies a box-shaped accumulation region near recent lows, suggesting that selling pressure has begun to slow while buyers gradually step in.

Worldcoin Price Attempts Early Recovery as Price Reclaims Key Trendline

Source: X

LSTRADER indicates that a clean breakout followed by a retest of the trendline could serve as confirmation of a structural shift. In this scenario, the coin may begin a controlled move upward rather than a sharp rally, with price potentially progressing toward the $0.86–$0.90 range over the short term. The projected path illustrates a steady, staircase-like structure, implying measured growth rather than speculative excess.

However, the analyst also emphasized the importance of holding above the breakout level. A rejection below $0.80 would keep THE COIN within its broader downtrend and postpone any mid-term reversal effort. Current conditions reflect cautious optimism, with early signals of momentum building but not yet confirmed at the macro scale.

Market Data Shows Stabilization as Volume and Liquidity Remain Steady

According to BraveNewCoin data, Worldcoin is trading around $0.73, marking a 1.93% increase over the last 24 hours. The token currently holds a market capitalization of approximately $1.66 billion, with a circulating supply of 2.27 billion WLD and daily trading volume near $153 million.

Worldcoin Price Attempts Early Recovery as Price Reclaims Key Trendline

Source: BraveNewCoin

Market activity reflects steady participation without major volatility spikes. Trading ranges over recent sessions have remained relatively narrow, suggesting that the market is adjusting after previous downside movement. Liquidity conditions appear stable across major trading venues, with no signs of aggressive capitulation or speculative overload.

The current positioning aligns with a short-term stabilization phase, where markets often wait for directional clarity before expanding into trend-driven moves. Whether the coin confirms a breakout or returns to consolidation will depend largely on how the price acts around near-term resistance levels.

Additional Analyst Highlights Momentum Shift as Price Tests Moving Averages

A separate analysis posted by Dr. Ritika Singhal shows Worldcoin trading near $0.789, representing a recovery of more than 12% in the past 24 hours. The daily chart suggests that the price has formed a potential bottom after rebounding from a recent low near $0.687. The analyst notes that price is approaching the MA12 and MA21 zones, where a break above $0.80–$0.84 could attract renewed upside momentum.

Worldcoin Price Attempts Early Recovery as Price Reclaims Key Trendline

Source: X

Dr. Singhal also points to strengthening volume levels, indicating that trader participation has increased during the recovery. A sustained move above the MA49, positioned near $1.05, would signal a mid-term trend reversal, opening possible extensions toward $1.50–$2.00 if sentiment continues to improve. However, maintaining support above $0.70 remains essential to prevent a return to consolidation.

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This content is for informational purposes only and does not constitute investment advice.

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