Worldcoin (WLD) is trading approximately 98% below its all-time high of nearly $12, confined to a long-term descending channel according to analyst Crypto Patel. The MACD indicator shows an early bullish crossover, but price remains below bearish exponential moving averages. A weekly close above $0.66 is identified as a potential trigger for a macro trend change, with upside targets at $0.63, $2, $5, and $10+, while a drop below $0.13 would invalidate bullish accumulation scenarios.
Worldcoin (WLD) faces significant bearish pressure, having declined nearly 98% from its high of about $11.97. Analyst Crypto Patel points out the asset is trading inside a long-term descending channel, indicating a persistent downtrend.
The price is compressing around historical support levels, which may suggest accumulation. However, clear bullish momentum has not yet emerged, with the overall market structure still bearish.
On-chain data shows significant demand may resurface between $0.22 and $0.14. A weekly close below $0.13 would negate bullish scenarios, while a close above $0.66 could signal a macro trend change. Should bullish momentum return, analyst-identified cycle targets are $0.63, $2, $5, and $10+.
TradingView data shows the price below all major exponential moving averages in a death cross pattern, confirming short-term selling pressure. “The price is currently below all the major exponential moving averages, which are sloping downwards in a death cross pattern,” the data confirms.
Despite the bearish EMAs, the MACD indicator shows a slight crossover into bullish territory with green bars on the histogram, suggesting downward pressure may be weakening at the $0.26 support. The current movement remains a consolidation until price breaks through resistance at $0.28 and the 20-period EMA.
