Worldcoin (WLD) price fell 23% to approximately $0.4165 amid intensified selling pressure. Despite the sharp decline, analysts note the token is nearing a critical demand zone where buyer interest could stabilize the market. Technical indicators show a recent rejection from the upper Bollinger Band, yet the Moving Average Convergence Divergence (MACD) still reflects slightly positive momentum.
The price of Worldcoin (WLD) is experiencing significant near-term downward pressure due to increased selling. At the time of writing, WLD was trading at $0.4165 with a 24-hour trading volume of $2.34 billion and a market capitalization of $1.38 billion. The token has fallen 23.17% in the last day, reflecting sharp volatility as short-term selling intensifies.
Crypto analyst Alpha Crypto Signal highlighted that the Worldcoin price is gradually approaching an important demand area where buyers may try to regain control. Early responses have reportedly started to emerge around this point, with the price seemingly beginning to stabilize after the previous fall.
From a technical standpoint, the Worldcoin price was rejected after an attempt to break through the top Bollinger Band at $0.53937, causing a sharp fall back to $0.40877. Despite the decline, WLD is still trading above the middle Bollinger Band at $0.35020, indicating its overall trend pattern remains valid for now.
Momentum indicators present a similar cautiously positive outlook for the Worldcoin price. The MACD is still trading in the positive zone, with the MACD line at 0.05587 and the signal line at 0.03990. While the histogram reading has declined slightly to 0.01597, it suggests some buying interest remains in the market.
