Worldcoin Price Eyes Breakout as WLD Retests $1.40 Resistance Zone

The token briefly recovered from sub-$1 levels in early July but encountered resistance near the $1.40 region. Technical indicators now suggest WLD is approaching a critical juncture, with bulls eyeing a breakout while sellers remain active. At the time of writing, WLD is priced at $1.007, reflecting a 4.28% intraday loss.

According to a recent chart shared by Kriptoteless, WLD/USDT remains below a short-term resistance block between $1.40 and $2.00, marked by repeated price rejections over the past few weeks. The chart identifies this red resistance zone as a key ceiling, with the token currently testing its lower boundary.

Beyond this range, the analyst mapped out potential mid-term and long-term targets at $3.681 and $5.290, respectively. These levels represent critical breakout targets if upward momentum is sustained.

Source: X

Support appears to be forming near the $0.90–$1.00 region, a range that has seen increased participation in recent sessions. Volume indicators show growing activity as WLD approaches resistance, which could help propel the asset if it clears the overhead supply. However, a failure to break above this range may prompt a pullback, potentially leading to a retest of previous lows. Kriptoteless emphasized that a sustained move beyond $2.00 would likely shift the market structure into a bullish phase with expanded upside targets.

Additionally, WLD’s 24-hour chart shows a 7.08% drop, falling from a local high of $1.06 to around $1.01 before settling slightly lower. This steady decline unfolded over multiple sessions, punctuated by minor rebounds, but ultimately maintained a bearish trajectory.

The price weakened after July 14, losing momentum and falling below $1.02 in the early hours of July 15. Despite this pullback, the $1.00 level has acted as a critical psychological support zone throughout.

Source: BraveNewCoin

Trading volume during the decline remained relatively strong, reaching $400 million, with $326.63 million recorded over the past 24 hours. However, volume bars show a declining trend as the price fell, indicating potential buyer hesitation or broader market caution.

The price-volume divergence suggests that unless volume returns decisively at support, WLD may face further weakness. The token’s market capitalization stands at $1.75 billion, supported by a circulating supply of 1.73 billion WLD, placing it at Rank 71 globally.

On the other hand, the WLD/USDT daily chart highlights a prior breakout attempt that stalled above $1.05, followed by a corrective move. Price remains above $1.00, which continues to serve as a short-term pivot. Technical indicators now suggest early signs of recovery, though confirmation is still pending.

The MACD indicator shows a positive crossover, with the MACD line at 0.014 above the signal line at -0.007, and a histogram value of 0.022, indicating developing bullish momentum.

Source: TradingView

The Relative Strength Index (RSI) prints at 53.71, slightly above the neutral line of 50, pointing toward a mild bullish bias. Recent RSI behavior reflects a gradual climb without breaching overbought territory, which supports the possibility of continued upside.

However, any move below 50 on the RSI or a bearish MACD crossover could signal renewed selling pressure. For WLD to extend its rebound, the price must hold above $1.00 and begin closing above $1.10–$1.20, supported by rising volume and strengthening momentum.