Worldcoin Price Today: WLD Targets $1.37 After Support Rebound
At the same time, a supply zone between $1.37 and $1.40 has emerged as the next key area of interest, where any breakout could shape the short-term trajectory. Range Trading Concept Highlights Opportunity According to an...
At the same time, a supply zone between $1.37 and $1.40 has emerged as the next key area of interest, where any breakout could shape the short-term trajectory.
Range Trading Concept Highlights OpportunityAccording to analyst Personel Trader on X, WLD’s setup offers a favorable risk-reward for long entries if support continues to hold.
The analysis points to immediate buying pressure at lower levels, signaling demand strength as price retraces. The trading plan is built around capturing a swift reaction: with support intact, a 10% upward move into the $1.37–$1.40 resistance band remains likely.
Source: X
Personel Trader emphasizes the importance of tight risk management, with stop-losses placed just below the local support zone.
This ensures downside exposure is limited while targeting a test of prior highs. The strategy rests on multiple confirmations—price stability at Fibonacci support, prior reactions at demand levels, and a potential bullish swing across broader market conditions.
Market Data Shows LiquidityAdditionally, data from BraveNewCoin provides context for the ongoing price action. Worldcoin trades at $1.27 with a market capitalization of $2.66 billion and a 24-hour trading volume of $323 million.
The circulating supply sits at 2.1 billion tokens, placing the asset at rank #57 by market cap. Despite a 6.23% decline in the past day, liquidity remains robust across exchanges, reinforcing trader participation.
Source: BraveNewCoin
This backdrop suggests that while short-term sentiment has cooled, the token retains a solid base for potential recovery.
If the $1.22–$1.20 support range continues to attract buyers, the token could regain bullish momentum and aim for its upper resistance targets. Conversely, a breakdown below $1.20 risks extending the correction further into the $1.10 zone.
Technical Indicators Lean BearishOn the other hand, Indicators on the daily chart reflect near-term weakness but leave room for reversal.
The MACD line currently sits at 0.036, below the signal line at 0.091, with a histogram of -0.056 confirming a recent bearish crossover. This suggests momentum has shifted back to sellers, though stabilization near current levels could spark a rebound.
Source: TradingView
The Relative Vigor Index (RVI) stands at 31.03 compared to its moving average of 37.79, highlighting prevailing bearish pressure.
Readings below 50 generally favor sellers, but the approach toward oversold conditions raises the possibility of a short-term bounce. For now, traders are monitoring whether the asset can defend support and reclaim lost ground, with $1.37–$1.40 emerging as the immediate upside target.
Original source
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