Worldcoin Stages Comeback? WLD Shows Signs of Life After Brutal Sell-Off

Just when traders wrote off Sam Altman’s eyeball-scanning crypto project, WLD flashes bullish divergence. The token—down 60% from its January peak—now tests a critical support level that could spark a relief rally.

Market mechanics hint at exhaustion: perpetual funding rates flipped negative last week while open interest held steady. Classic capitulation signals—if you ignore the three hedge funds quietly accumulating at these levels.

Technicals suggest $2.50 as the line in the sand. Break that, and the ’next-gen digital identity’ narrative starts smelling like last cycle’s vaporware. Hold it? You might just catch a dead cat bounce worth trading—assuming the team delivers actual utility beyond biometric data harvesting (we know, big ask).

Either way, watching WLD’s price action proves one universal truth: in crypto, even the most dystopian projects get second chances—as long as there’s leverage to juice.

The latest short-term data and higher-timeframe technical indicators reveal continued pressure on price, with key support and resistance levels now under close observation. As volatility compresses, traders and investors are monitoring signals for a potential rebound or further downside extension.

Short-Term Breakdown Highlights Weak Sentiment

The 1-hour WLD/USD chart from Open Interest displays a typical price cycle over the past several days, beginning with a sharp rally on May 22. During this surge, WLD ROSE from below $1.20 to a peak above $1.70, driven by strong bullish activity and significant speculative interest.

However, the momentum quickly faded as the price faced resistance and reversed course. A series of lower highs and lower lows followed, signaling the start of a corrective trend that continued through May 30.

Source:Open interest

Accompanying this movement was a pronounced shift in Aggregate Open Interest (OI), which rose steeply during the rally, surpassing 5.5 million contracts. This surge implied aggressive positioning, likely from Leveraged long participants.

However, the sharp decline in both price and OI afterward reflects mass position closures or forced liquidations. Since then, open interest has stabilized NEAR 3.8 million, indicating that many participants have exited the market and are awaiting a clearer signal before re-entering. This reduced engagement, combined with falling price levels, supports the view that sentiment remains cautious in the short term.

On May 30, the price fell sharply once again, touching $1.22 and marking a continuation of the bearish momentum. Despite brief periods of range-bound trading between $1.30 and $1.40 earlier in the week, WLD has failed to maintain upward pressure. Without a meaningful uptick in OI or volume, the likelihood of a sustained rebound remains limited unless a key support level triggers renewed accumulation.

Daily and Weekly Indicators Show Technical Weakness

According to 24-hour performance data, WLD declined by 8.40%, bringing the current trading price to $1.24. The daily chart illustrates a consistent downward trajectory, beginning near $1.35 and declining steadily across the session.

Source:Brave New Coin

Notably, volume peaked early and gradually diminished, signaling a burst of sell-side activity followed by declining interest. Total daily volume stood at $289.2 million, reflecting strong market participation, albeit with a bearish bias. The price-volume divergence observed—where price falls despite high volume—often points to distribution, as traders exit positions amid declining confidence.

The weekly chart for WLD/USDT on TradingView adds further context. After declining from highs above $4.00 earlier in the year, WLD is attempting to stabilize near the mid-Bollinger Band range. The current price of $1.233 is slightly above the basis line (20-week SMA) at $1.136. While this may suggest a short-term mean reversion attempt, recent weekly candles show limited follow-through from buyers. The presence of a red weekly candle after a minor bounce underscores continued resistance at higher levels.

Source:TradingView

Technical resistance aligns with the 50-week moving average and the upper Bollinger Band, currently near $1.85. Failure to clear this region WOULD likely cap any recovery attempts, keeping the broader trend biased to the downside. Meanwhile, the Bollinger Band Power (BBP) indicator has turned slightly positive, reflecting early recovery signs. However, its flattening slope may suggest fading momentum unless supported by a strong breakout above resistance.

Worldcoin Price Prediction: Key Levels to Watch for Rebound Potential

The current worldcoin price prediction remains focused on whether the asset can hold its $1.20 support zone and regain traction toward the $1.35–$1.50 resistance region. A break below $1.20 with rising volume could lead to a retest of lower levels near $1.10 or even $1.00. Conversely, a move above $1.35 with accompanying open interest expansion and volume support may signal a short-term reversal.

Longer-term recovery would require a sustained breakout above $1.85, clearing the 50-week SMA and upper Bollinger Band. Until then, WLD remains technically in a corrective phase with short-term rallies likely facing selling pressure. The BBP’s transition into positive territory may offer an early indication of reversal, but confirmation through price action remains essential.

Fundamentally, Worldcoin’s project scope—including identity verification infrastructure via zero-knowledge proofs—continues to attract attention within the Web3 and AI security space. While market sentiment remains cautious, some investors may interpret extended pullbacks as potential entry opportunities, particularly if broader adoption metrics improve. For now, the technical picture highlights consolidation and fragility, with any rebound contingent on volume recovery and momentum confirmation.