World currency price It has been in a steady downtrend since the beginning, while the bulls have been putting pressure on at regular intervals. During times of less selling pressure, the price declines by 11% to $0.282. The token has underperformed in the broader market rally and is primarily driven by “news selling” reaction to its flagship protocol and its high-profile partnerships with Tinder, Zoom, and DocuSign on April 17.
WLD price is trying to recover after a sharp decline, but the biggest question remains: can this rebound actually continue, or is it just another trap for late buyers? While broader market sentiment shows signs of easing selling pressure, WLD continues to trade below key resistance levels. With the price now approaching the crucial zone, traders are watching closely: is a breakout towards $0.30 possible, or will sellers regain control again?
Worldcoin is stuck in a strong downtrend
Since the beginning of the year, WLD price has been trading within a descending parallel channel, forming successive tops and bottoms. It is following a pattern where the recovery is capped below previous resistance, and the latest push was also capped at $0.32. Currently, the price is trying to defend the local support at $0.28, and if it can reclaim $0.29, a rally above $0.31 could be imminent.
After facing multiple supply zones, buyers entered at $0.25 and pushed the price beyond $0.3. This indicates that there is a support area around this price range which may sustain the rally in the event of an extended pullback. Open interest rises, indicating that new positions are being entered, while the funding rate turns negative, indicating that shorts are gaining control. Therefore, this indicates that positions are increasing, but not power.
Meanwhile, the RSI has bounced from the oversold range but remains below the strong bullish momentum zone. Besides, the MACD shows a decrease in buying pressure and thus points towards a recovery, but without strength. Therefore, it can be said that traders are still expecting a decline in the price of WLD, as it may not take long to enter new positions.
Will Worldcoin (WLD) price recover $0.32?
Worldcoin’s current bounce remains a reaction within a broader downtrend, with the next move likely to be set around the $0.30-0.33 resistance zone. A clean breakout and daily close above this range could shift the momentum in the short term, opening the door towards $0.38 and possibly $0.43.
However, failure to reclaim this level would reinforce the lower high structure, increasing the likelihood of a pullback towards $0.25, with a breakout revealing $0.22 as the next downside target. For now, the bias remains cautious – strength needs confirmation, while rejection prefers to continue lower.
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