Worldcoin (WLD) price faces a critical technical test at the $0.70 resistance level, according to recent market analysis. Technical indicators like the RSI and MACD currently suggest strong upward momentum for the token. Market sentiment received a boost after BitMEX co-founder Arthur Hayes highlighted the asset’s significant upside potential. A failure to reclaim the key resistance zone, however, could trigger deeper price declines toward targets as low as $0.30.
Worldcoin’s price continues to move within a long-term bearish channel, forming lower highs and lows. According to crypto analyst Crypto Tolga, a horizontal zone between $0.50 and $0.70 now acts as strong resistance.
Buyers must reclaim this zone to shift market momentum and confirm a trend reversal. Failure at this resistance could see the price continue its bearish structure toward targets of $0.30, $0.20, and $0.16.
From an indicators perspective, the RSI is at 73.00, suggesting an overbought condition. The MACD, however, shows a positive convergence with its histogram rising, indicating ongoing buying pressure.
Market sentiment improved following commentary from Arthur Hayes, co-founder of BitMEX. Hayes suggested WLD could become a market winner, alluding to potential hype that could boost its price.
Following this discussion, WLD’s price increased nearly 14% in a day, trading at $0.5281. A successful breakout above $0.70 could open upside targets toward $1.50, $3.50, and $7.30.
