Worldcoin is attempting to stabilize after a sharp correction, and technical indicators suggest the token may be gearing up for a major rebound.
The chart highlights a significant support zone near the $1.20–$1.30 range, where buyers have historically stepped in. A strong defense of this level could pave the way for a renewed bullish move, with an anticipated breakout target projecting nearly 78% upside from current levels.
Key Support Levels and Price Action
The descending trendline shows that WLD has been retracing steadily since its spike earlier this month. However, the latest bounce from the long-term support trendline suggests that sellers may be losing momentum.
Holding above the $1.20 support is critical, as it aligns with a confluence of both horizontal demand and psychological buying interest. If this level continues to attract volume, it could form the base for a new rally.
Source: X
The projected path highlighted by the analyst indicates a potential surge toward $2.05, representing a 78.76% increase. This target aligns with the previous resistance zone where profit-taking triggered the last pullback.
If the asset successfully clears interim resistance levels around $1.60 and $1.85, it could gain enough momentum to retest its prior highs. Failure to hold current support, however, could invalidate the bullish outlook and expose the token to deeper declines near $1.00.
Worldcoin Faces Sharp Daily Decline
According to BraveNewCoin, Worldcoin is trading at $1.28, reflecting a sharp 6.93% decline over the last 24 hours. The token’s market capitalization now stands at $2.67 billion, supported by a trading volume of over $225 million.
The pullback comes after a period of relative stability, with price action slipping toward the lower end of its recent trading range between $1.22 and $1.36.
Source: BraveNewCoin
The drop highlights growing short-term bearish pressure, with selling activity outweighing buyer interest in recent sessions. However, liquidity remains robust, with the asset still ranked within the top 60 cryptocurrencies by market cap and maintaining strong daily volume.
This suggests that while sentiment has cooled in the near term, the token continues to attract significant market attention and could stabilize if broader conditions improve.
The Asset Finds Support After Recent Correction
At the time of writing, WLD was trading at $1.326, recovering slightly by 1.53% on the day. The price action follows a sharp pullback from its recent high of $2.211, with buyers now attempting to stabilize near the $1.30 support zone.
The Moving Average Convergence Divergence (MACD) indicator shows a bearish crossover, as the histogram has turned negative, signaling fading bullish momentum. However, the MACD line remains above zero, indicating that the broader trend may still hold strength if support levels continue to attract buyers.
Source: TradingView
The Relative Vigor Index (RVI) currently stands at 39.94, almost in line with its moving average at 39.48, suggesting indecision in the market.
This neutral positioning implies that the coin is at a critical juncture, where holding above the $1.30 level could lead to renewed bullish momentum, while failure to do so might expose the token to deeper downside risks toward the $1.00 zone. Buyers will need to step in with stronger volume to reverse the short-term bearish outlook.
