Worldcoin Stumbles After Meteoric Rise—Kenya and Indonesia Hit Pause

Worldcoin’s gravity-defying rally hits turbulence as regulators flex muscle. Two nations slam the brakes—what’s next for the controversial crypto?

Kenyan authorities suspended Worldcoin operations over data privacy concerns, while Indonesia’s Ministry of Communication froze local access. The double-whammy sent WLD prices tumbling 18% from last week’s peak.

The biometric token had surged 400% in three months before regulators remembered they get paid to regulate things. Now traders face the age-old crypto dilemma: buy the dip or dodge the falling knife?

With Sam Altman’s pet project facing its first real stress test, one thing’s certain: when governments say ’prove you’re human,’ they don’t mean scan your eyeballs.

However, the token has indicated short-term weakness by breaking below the 20-day moving average. After cooling from overbought levels to 47, the relative strength index indicates less buying pressure but not yet complete bearish momentum.

The next area to keep an eye on is $0.80 or even $0.75 if WLD loses support close to $0.86. Conversely, a rebound might drive the price back toward the $0.94 resistance level, but regaining bullish momentum might require high volume and positive developments.

The future of Worldcoin now depends on how it handles mounting regulatory pressure in key markets.