Worldcoin price continues to face sustained downside pressure, with short-term price action firmly within a descending structure while derivatives activity signals trader caution.
The asset remains near multi-month lows as momentum weakens across both spot and leveraged markets, offering limited evidence of a near-term trend reversal.
Open Interest Declines as Price Forms Lower Lows on the 1H Chart
Open interest in WLD derivatives has steadily decreased over recent sessions, mirroring the asset’s consistent downtrend on the 1-hour timeframe. After posting levels above 83.5M, open interest slid toward the 82M range during the sharp decline between the 12th and 14th, indicating that traders were closing positions rather than adding new short pressure.
Source : Open Interest & Price Action
The 1H chart shows a textbook bearish structure, with lower highs and lower lows forming from November 10 onward. While price experienced a slight stabilization near the 17th–18th, the recovery has been shallow, producing small-bodied candles and wicks that signal indecision rather than renewed buying strength.
The mild uptick in open interest during the consolidation phase suggests early positioning—potentially accumulation or short covering—but the magnitude remains too small to shift market structure. For now, the combination of falling price and reduced leveraged exposure underscores a market still in de-risking mode, lacking the conviction needed for a meaningful reversal.
WLD Trades at $0.67 as Market Cap Holds Above $1.56 Billion
According to BraveNewCoin data, Worldcoin is currently trading at $0.67, reflecting a –1.50% decline over the past 24 hours. The project’s market capitalization is reported at $1,569,369,054, supported by $182,784,361 in daily trading volume. Circulating supply is recorded at 2,331,503,775 tokens, placing Worldcoin at Rank 73 by market capitalization.
Despite the controlled pullback, intraday price ranges remain tight, and liquidity flows show moderation. Worldcoin’s subdued session reflects a broader theme of consolidation and low volatility, with spot metrics providing no clear signal of bullish momentum returning in the short term.
Daily Chart Shows Multi-Month Breakdown and Bearish Continuation
TradingView’s WLD/USDT daily chart reveals a prolonged downward trajectory extending from earlier highs near $1.80 in June. After a strong rally in early summer, the asset shifted into an extended consolidation range from June through August, with reduced volatility indicating hesitation among market participants.
Source: TradingView
A brief surge in September was quickly rejected, establishing another lower high before the market transitioned into a deeper downturn through October and November. The coin now trades around $0.67, near its yearly lows, with elevated sell-side volume confirming persistent bearish sentiment.
Volatility remains moderate, and no major reversal structure has yet formed. Price continues to trend downward in alignment with weakening momentum, while the overall pattern reflects a slow grind lower rather than sudden capitulation.
