Worldcoin is showing resilience above a critical support level near $0.80, even as broader market sentiment remains cautious.
The token’s stability around this zone is attracting attention from analysts who view it as a key accumulation area, potentially setting the stage for a short-term rebound if bullish momentum strengthens.
Bulls Defend Major Support Zone
Analyst Berke Oktay highlighted that Worldcoin has successfully held its major red support zone, suggesting that buyers are actively defending this area. Oktay noted, “It needs to move away from this region as much as possible and confirm its strength in the coming weeks.”
Source: X / @iberkeoktay
This support has historically acted as a strong defense against deeper pullbacks, making it a crucial pivot for traders looking for signs of renewed upward momentum.
If the coin continues to consolidate above this zone, the setup may attract more accumulation, especially if market conditions improve and broader risk appetite returns.
Market Overview and Fundamentals
According to BraveNewCoin data, Worldcoin is currently trading at $0.81, up 1.05% over the past 24 hours, with a market capitalization of $1.83 billion and a 24-hour trading volume of $122.6 million. The circulating supply stands at 2.27 billion tokens, ranking it #73 by market capitalization.
Source: BraveNewCoin
Despite modest daily gains, trading activity suggests cautious optimism among market participants. Holding above the $0.80 psychological level could provide the stability needed for a potential trend reversal, while failure to sustain this range might expose the token to retests of lower supports near $0.75.
Technical Indicators Signal Consolidation Phase
TradingView data shows WLD/USDT trading near $0.805, with historical highs at $2.211 and lows at $0.264, underscoring the asset’s strong volatility over time. Bollinger Bands reveal a period of contraction following sharp declines, hinting at ongoing market consolidation.
Source: TradingView
The Relative Strength Index (RSI) sits at 44.91, below the neutral 50 mark, suggesting mild bearish sentiment but also the potential for accumulation if buyers begin to reassert control. A breakout above the upper Bollinger Band or an RSI recovery beyond 50 would strengthen bullish signals, whereas a decline below $0.75 could extend the current sideways trend.
