Worldcoin is attempting to stabilize after a sharp market correction that drove prices toward a critical support range.

The token, which recently traded near $0.87, has entered a pivotal phase where buyers must defend the current zone to sustain hopes of a short-term rebound. Market sentiment remains cautious, but technical indicators hint at the potential for a recovery rally if bullish momentum strengthens in the coming sessions.

WLD Price Consolidates Near Crucial Support Zone

The latest price structure shows Worldcoin hovering just above a significant $0.85–$0.90 support area, a region that has repeatedly acted as a reaction zone during past downturns. This consolidation phase follows weeks of steady declines from the early October highs near $1.47, indicating that the market is testing a key turning point.

Source: X

Holding above this level could serve as a foundation for a 30–40% upside move, potentially targeting the $1.15 resistance band, where previous consolidation activity occurred. Such a rebound would mark the token’s first meaningful recovery attempt since late September, when bullish volume briefly returned before fading.

Failure to hold the current support, however, may trigger renewed selling pressure that could drive the token toward the $0.70 zone. This would confirm a bearish continuation pattern and extend the coin’s consolidation phase before any potential recovery phase takes shape.

Market Metrics Reflect Mild Upside Reversal

On the other hand, Worldcoin trades at $0.88, marking a 2.32% increase in the past 24 hours. The token’s market capitalization stands at $1.95 billion, supported by a 24-hour trading volume of $192.97 million. The asset currently ranks 68th among global cryptocurrencies, with a circulating supply of 2.21 billion tokens.

Source: BraveNewCoin

Despite recent weakness, the modest daily gain indicates that some buyers are reentering the market, particularly as short-term traders position around the oversold region. Market data shows volume consistency around the $0.85–$0.90 band, hinting that accumulation could be taking place ahead of a potential rebound attempt.

Technical Indicators Suggest Rebound Potential

At the time of writing, WLD/USDT trades at $0.892, showing a slight upward bias following a minor intraday gain of +2.29%. The Relative Strength Index (RSI) sits at 35.55, near oversold territory, suggesting that selling momentum may be weakening as the market approaches exhaustion levels. If RSI crosses above its moving average, it could confirm a short-term bullish reversal pattern.

Source: TradingView

Meanwhile, price action remains compressed below the Bollinger Band Line at $1.11, reflecting caution among buyers but also leaving room for a potential breakout if volume expands. The next sessions will be crucial in determining whether the coin can reclaim this midpoint, which would strengthen its bullish case toward the $1.15 short-term target.

For now, the asset continues to trade within a narrow consolidation channel, with technical metrics hinting at the early stages of a rebound. A confirmed close above $0.90 could solidify short-term stability and set the tone for a potential 40% recovery toward the next major resistance level.