Worldcoin Price Dips to $0.63 as Compression Signals a Pending Breakout
Worldcoin's price has dipped to $0.63, entering a phase of compression that often precedes a significant breakout. Volatility and futures participation have sharply declined, creating a coiled market structure ripe for a directional move.
Traders are scrutinizing open interest and volume for clues on whether the token will break upward or extend its downtrend. The 1-hour chart shows a steady climb from November 22 lows, followed by a short-lived burst of strength NEAR the 24th before flattening into tight consolidation.
Open interest initially rose alongside price, signaling Leveraged participants entering fresh positions. However, as price stalled in the mid-range, open interest reversed, dropping from the high-80 million region to roughly 78.5 million.
