Worldcoin Price Prediction: Bearish Momentum Builds as Price Slips Below $0.91 with Weakening Open Interest
Despite moments of stability, sellers remain in control, while buying interest appears subdued. With weakening open interest and no clear recovery signal, WLD faces mounting pressure.
Sustained Downtrend Evident on Hourly and Daily Timeframes
Worldcoin (WLD) Price Prediction has experienced continued selling pressure throughout the past week, with the token falling below the key $0.91 mark. On the hourly chart from Coinbase, WLD/USD began declining after reaching a local high above $1.20 earlier in June.
The pattern of lower highs and lower lows has remained intact, underlining the strength of the prevailing bearish trend. Despite several attempts to break above short-term resistance zones, buyers have not managed to establish momentum. The most recent price activity shows a phase of mild consolidation, but it remains within a broader downward structure.
Source: Brave New Coin
The daily chart also supports the bearish scenario, with price action showing a sustained decline from previous highs above $4.00. The token is currently trading around $0.901, with the latest candlesticks clustering near this level, reflecting a weak bullish response.
Momentum indicators confirm the trend, with no technical signs of reversal. The structure continues to reflect persistent seller control, and absent a strong catalyst, the price appears poised to maintain its downward trajectory in the near term.
Open Interest and Intraday Metrics Reflect Cautious Market Behavior
Additionally, the aggregated open interest data presented alongside price action shows a decline that parallels the drop in value. Open interest had initially surged alongside the price rally around June 11–12 but began to fall as the token reversed direction.
The decrease in open interest indicates long liquidations and a reduction in leveraged positions as traders exited their positions in response to market weakness. Over the last few sessions, open interest has remained relatively flat but has shown a gradual descent, pointing to reduced speculative activity.
Source: Open Interest
Supporting this observation, 24-hour trading data shows that WLD Price Prediction experienced notable price fluctuations within a narrow band between $0.93 and $0.90. These swift and frequent movements suggest active short-term trading, but without clear directional conviction.
The price lost approximately 3.42% over the past day and closed near the lower boundary of the intraday range. This behavior highlights the dominance of short-term positions and the lack of broader accumulation or investor confidence during the observed session.
Market volume for the same period was reported at around $171.78 million, indicating active trading but not enough bullish activity to sustain upward price movement. Volume remained consistent throughout the session without strong breakouts, suggesting that most of the trades were either neutral or skewed toward marginal selling. As a result, market participants appear to be taking cautious positions or waiting for stronger signals before committing capital.
World Coin Price Prediction: Technical Indicators Signal Ongoing Bearish Momentum
On the other hand, multiple technical indicators further emphasize the prevailing bearish trend. The RSI (Relative Strength Index) currently stands at 34.40, which approaches oversold territory but has not triggered a recovery. Notably, several bullish divergences have previously occurred when the RSI formed higher lows against declining price action.
These signals led to temporary price increases, though none translated into sustained uptrends. The latest signal identified was a bearish divergence, where the RSI formed lower highs even as price attempted to rise—an indication of weakening buying pressure.
Source: TradingView
The MACD (Moving Average Convergence Divergence) continues to support the downward bias. The MACD line remains positioned below the signal line, and the histogram displays consistently negative bars.
Past instances of convergence between the MACD and signal lines failed to generate any substantial price response, indicating that buyers have not yet re-entered the market in meaningful numbers. Until the MACD shows a positive crossover supported by rising volume, bearish conditions are expected to persist.
With the token’s market capitalization around $1.48 billion and an available supply of over 1.6 billion tokens, the broader valuation context does not currently offer support for a recovery. Unless significant news or a structural market shift emerges, the bearish pressure seen on WLD Price Prediction may continue, with support potentially being tested below $0.90 and resistance forming near the $0.93 level in the short term.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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