Worldcoin continues to suffer intense market pressure as its price tumbles and derivatives participation deteriorates across major exchanges.
The coin’s prolonged downtrend has deepened this week, with sellers maintaining control while investors display limited interest in initiating fresh long exposure.
With volatility compressing and technical indicators pointing firmly downward, market sentiment remains fragile as traders brace for potential new lows.
Open Interest Slips as WLD Fails to Hold Support Levels
The open interest chart reveals a steady, directional decline over recent sessions, illustrating a synchronized weakening between price and derivatives positioning. The token began the period above $0.70 but drifted consistently lower toward the $0.59 region, failing to mount any meaningful rebound attempts.
Sellers continuously absorbed buy-side pressure, and candles remained firmly biased to the downside, especially during the most recent retreat following a failed test above $0.62.
Source: Open Interest
Open interest across major markets fluctuated between 81.3M and 81.5M, but the broader pattern shows a gradual reduction as the token’s trend worsened.
This erosion signals that long holders are closing positions, opting to exit the market rather than defend previous support levels. The lack of rising open interest alongside descending price action underscores a market dominated by risk-off behavior, where traders prefer de-leveraging instead of building fresh bullish exposure.
Data Shows 8% Daily Decline as Market Cap Slides
According to BraveNewCoin data places Worldcoin at $0.60, representing an 8.36% decline in the last 24 hours. The project’s market cap currently stands at $1.40 billion, while daily trading volume sits at $254.5 million, indicating that despite weakening price action, the coin continues to attract elevated liquidity—though predominantly on the sell side. Its available supply of 2.33 billion the tokens further reflects the broad circulation contributing to recent market volatility.
The broader price window shows WLD moving within a narrow but downward-biased range between $0.56 and $0.60, reflecting ongoing attempts by buyers to hold psychological support levels.
However, the persistent red candles and repeated failures to reclaim higher ground demonstrate a market lacking in bullish momentum. Worldcoin’s status as a major identity-focused project has maintained its relevance, yet short-term sentiment remains overwhelmingly negative across retail and derivatives markets.
Technical Indicators Warn of Deeper Bearish Pressure Ahead
TradingView data confirms WLD/USDT trading near $0.593, extending its multi-month bearish formation. Price remains firmly below the Bollinger Band basis at $0.719, reflecting a sustained trend of rejection at key mid-line resistance. As candles hover near the lower band around $0.579, sellers maintain structural control, and attempts at recovery are repeatedly rejected, reinforcing the directional bias.
Source: TradingView
Momentum indicators reinforce this outlook. The MACD line remains below the signal line at –0.073 vs –0.067, while the histogram posts a mildly negative reading of –0.005, continuing a long streak of weakness. No bullish divergence has emerged, and with both indicators sloping downward, traders face limited evidence of reversal. These patterns typically precede extended downside movement unless external factors intervene.
