Worldcoin Price Prediction Signals Bearish Momentum as Bulls Lose $1 Support

Price action across multiple timeframes now points to a cooling bullish trend, with bears gaining control beneath the $1 mark.

Technical indicators reinforce the weakening structure as traders weigh upcoming support zones. At the time of writing, WLD trades at $0.977, reflecting sustained selling pressure.

Analyst @ali_charts highlighted a symmetrical triangle on the daily WLD/USDT chart that has governed price behavior since March. The pattern featured converging trendlines, suggesting consolidation with mounting pressure toward a breakout.

The upper boundary, tested multiple times, aligned closely with the 0.786 Fibonacci retracement level near $1.42. However, WLD has yet to secure a daily close above that level, which would have indicated a potential bullish impulse.

Source: X

The triangle’s lower boundary has supported price rebounds since April, but the recent rejection near $1.42 has put this support at risk. A projected breakout from the triangle pattern, based on its height, could have targeted levels between $2.92 and $3.04.

That projection now remains unconfirmed as the price retreats, and attention has shifted to whether WLD can defend the 0.618 Fib zone near $1.11. If this level fails, the symmetrical triangle structure could break to the downside.

The 24-hour price chart for Worldcoin between July 31 and August 1 illustrates a clear bearish trajectory. After opening near $1.06 and reaching a session high just above $1.08, the price began to fall consistently, ending the period below $0.99.

Lower highs and lower lows emerged throughout the session, suggesting diminishing bullish interest and increasing short-term selling activity. The $1.00 level, previously seen as a support threshold, was lost during this decline.

Source: BraveNewCoin

Despite a modest daily volume of $206.06 million, the downward move continued without significant defense from buyers. The failure to hold above intermediate levels such as $1.05 and $1.00 indicates a lack of momentum to reverse intraday losses.

With the $0.98 zone now acting as immediate support, traders will be monitoring closely to assess if further downside pressure could push WLD toward deeper support levels below $0.95.

At the time of writing, technical indicators on the daily chart reflect a fading bullish trend. The MACD line is barely above the signal line, while the histogram has turned negative at -0.029.

This setup shows that bullish momentum, previously present in late July, is now diminishing. The flattening of both lines indicates a potential momentum shift that may favor bears unless renewed buying activity strengthens the crossover.

Source: TradingView

The RSI currently reads 41.44, hovering just above the oversold region. A past bearish divergence in early May preceded a notable price drop, and the current RSI trend shows no signs of reversal.

The indicator’s failure to break above 60 in recent weeks confirms that bullish strength has been limited. If the RSI dips below 40, it may further validate downward bias, while a bounce above 45 could suggest potential for near-term consolidation rather than continuation of the downtrend.