Worldcoin (WLD) remains one of the most closely watched tokens in the market after its dramatic price swings earlier this month.
The token recent volatility reflects a consolidation phase that could either lead to a stronger rebound or expose the token to deeper losses if support fails.
A sharp rally followed by correction
Last week, WLD was among the top movers, surging by more than 137% before momentum faded.
The token attempted to break out of its wedge pattern but was rejected at the upper boundary, triggering a corrective pullback.
At the time of writing, Worldcoin is trading at $1.49 with a 24-hour trading volume of $341.2 million, reflecting a 34% decline compared to earlier levels.
Its market capitalization stands at $3.04 billion, keeping it within the top altcoin ranks. Over the past week, WLD has dropped nearly 24%, and in the last 24 hours alone, it has fallen by 6%.
Even so, the token continues to defend its support zone, a sign that buyers are still active despite recent weakness.
Technical analysis and market signals
From a technical standpoint, momentum indicators show a cautious picture. The Relative Strength Index (RSI) is at 38, leaning toward oversold territory and hinting at a possible rebound.
In contrast, the MACD remains flat, suggesting weak trading momentum and highlighting the uncertainty surrounding the token’s next move.
Price action suggests buyers lost steam after the surge, and the market is consolidating with a slightly bearish tilt.
Outlook for Worldcoin (WLD)
Analysis from AltCryptoTalk emphasized that the coming sessions will be crucial. Despite this setback, the $1.40 to $1.50 range has emerged as a critical support level.
If demand strengthens and the $1.40 support level holds, WLD could regain momentum and stage another push higher, with $2.50 as the next upside target.
However, if the support breaks, the token could face deeper losses, potentially sliding toward the $1.20 zone.
For now, Worldcoin stands at a critical turning point. The battle around the $1.40 to $1.50 range will determine whether WLD stabilizes for a bullish reversal or continues to drift lower in the near term.