- Worldcoin tests critical channel support near $0.86, exposing potential downside toward $0.40.
- Intraday activity shows fading recovery strength as sellers dominate short-term momentum.
- Declining volume and repeated lower highs confirm weakening structure across key timeframes.
Worldcoin (WLD) faces growing technical pressure as its price action hovers near critical channel support. The structure shows weakening momentum, suggesting a possible shift toward deeper retracement if buyers fail to sustain short-term defense levels.
Technical Breakdown Within a Fragile Channel Structure
Worldcoin is showing early signs of structural fatigue within its long-standing ascending channel. The recent observation shared by Ali (@ali_charts) illustrates how the token’s price has consistently struggled to maintain the mid-range of this formation. With $WLD now sliding toward the lower boundary, traders are monitoring the possibility of a continuation breakdown.
As of writing, the token trades near $0.86, revisiting a zone that has triggered multiple rebounds since June. Each recovery attempt, however, has been shorter and weaker than the last. This declining rebound amplitude is a sign of gradual loss of purchasing power as the market moves towards structural fragility. If this lower trendline doesn’t hold, the subsequent measured support comes at about $0.40, which is the historical consolidation level in early 2024.
The overall chart’s long-term pattern continues within a broad rising channel, yet the recent action’s slope suggests losing bullish momentum. Lower highs since September’s rejection around $2.10 have tightened pressure within the formation. This price compression often precedes decisive breakouts or breakdowns, and the current positioning favors a continuation of bearish control.
Volume Dynamics and Liquidity Conditions
Trading data reinforces the weakening technical picture. Volume activity has steadily declined during short-lived rallies, indicating limited participation from market buyers. Conversely, sell-side surges have become sharper and better sustained, suggesting increased conviction among bears as price gravitates toward lower support.
At the same time, Worldcoin’s market capitalization stands near $1.88 billion, while its 24-hour trading volume of roughly $168 million indicates moderate but cooling participation. The fully diluted valuation of $8.51 billion highlights the considerable gap between circulating and total supply, which remains a consistent structural headwind.
WLD’s circulating supply sits at about 2.21 billion tokens, from a total of 10 billion, illustrating ongoing supply expansion pressures. This dynamic often influences liquidity distribution across exchanges, making it harder for short-term rallies to sustain when speculative activity contracts.
Short-Term Market Behavior and Key Levels to Monitor
Intraday chart shows WLD moving in a tight 24-hour range of $0.8211 to $0.8820, resuming a cycle of quick rejections and shallow recoveries. Any effort to regain the range top has been forcefully rejected, confirming heavy sell-side participation throughout the cycle of trade.
This inability to hold above $0.87 is an indication of lack of follow-through short-term buying momentum. These types of patterns are usually signs of transition zones where sentiment shifts to neutral to bearish before extreme retracement stages. If $0.82 fails to act as a floor, bearish targets around $0.40 could be activated within the projected technical path.
However, another sustained break above $0.95 could temporarily alter tone and realign the configuration with its median channel price level at $1.25. Meanwhile, market sentiment is defensive, driven by subdued liquidity, reduced volume participation, and a strengthening technical configuration that still has its bias to the weakness side.
