Worldcoin token WLD has come into the focus of the market again due to the technical levels highlighted by analysts. While the asset is trading in historically low territory, some market observers believe the prolonged downtrend may be approaching a critical threshold.
Prominent resistances on the weekly chart
Analyst VERTIX states that the majority of investors focus only on the current price, while the broader view offered by the weekly chart remains in the background. According to VERTIX, three important resistance zones above the current price must be overcome in order for WLD to enter a permanent recovery process.
Analyst VERTIX emphasizes that the weekly outlook is ignored and that there are three main resistance zones above the price for the possibility of WLD recovery.
The first major hurdle lies at $2.21. This point represents an increase of approximately 495 percent compared to current levels. If the price regains this zone, the next target could be $4.14. This level is of particular importance from a technical perspective as it has worked as both support and resistance in the past.
Above, the $ 11.95 level stands out. This zone is located close to the peak area where Worldcoin previously rose above $11. An additional rise of approximately 188 percent would be required for the price to reach $11.95 from $4.14. The fact that WLD has lost more than 90 percent of its value compared to its all-time high also makes the magnitude of a possible recovery more visible.
| Level | Technical meaning | Notes |
|---|---|---|
| $2.21 | First major resistance | Approximately 495 percent above current level |
| $4.14 | second target | It has been viewed as support and resistance in the past |
| $11.95 | Final target area | Near previous summit area |
Support struggle continues on daily chart
Trader Krillin, on the other hand, thinks that the positive outlook is maintained in a more cautious manner in the daily time frame. Krillin predicts that the bullish structure is not completely broken as long as WLD remains above the 100-day moving average. Worldcoin is known as a biometric identity-focused crypto project associated with OpenAI CEO Sam Altman.
Mini glossary: The 100-day moving average and the 200-day simple moving average are technical indicators that show the average of the price over a certain period. Traders often use these levels to monitor trend strength, support areas, and possible direction changes.
Krillin evaluates that WLD maintains its bullish outlook as long as it remains above the 100-day moving average, and the $0.33 support is critical in the short term.
Strong selling pressure was seen on the daily chart between $0.65 and $0.68. This area, which previously worked as support, turned into a resistance area after intense sales. After the recent correction, WLD retreated to the demand zone between $0.33 and $0.36. This range also overlaps with the 200-day simple moving average and therefore forms an important support base.
Following the sharp volatility in June, there was a significant decrease in transaction volume. A decline in volume may indicate that a strong break is expected for a new direction in the market. WLD seems to be stuck between the support base and the resistance ceiling at this stage. If the price remains above $0.33, a retest of the $0.65 to $0.68 zone may come to the fore. If this support is lost, the risk of a new retreat towards the previous bottom region of $0.23 will remain on the table.
