• WLD fell 8%, losing $120M in market cap within 24 hours.

  • Whales withdrew 18.2M WLD from Binance, hinting at accumulation or OTC deals.

  • Technical indicators show mixed signals; support at $0.50 could spark a rebound.

Worldcoin — WLD, has fallen off a cliff, and whales are down there catching it mid-air. At press time, WLD had dropped nearly 8%, touching around $0.9344. The crash wiped $120 million from the project’s market value. Retail traders panicked. Charts flashed red. But while most ran for cover, two fresh wallets quietly withdrew over 18 million WLD—worth around $17.17 million—from Binance. That’s no accident. Whales don’t chase hype, they create it.

https://twitter.com/spotonchain/status/1934889714328187335?t=YTWdxR_uMfosAXPbx5R1fg&s=19 Big Players Make Big Moves

These massive withdrawals slashed liquidity on exchanges. When whales pull this much off Binance, something brews beneath the surface. Some analysts believe this sets the stage for OTC deals or a potential reversal. When liquidity thins, even small buys spark wild price swings. So, are we seeing early signs of a bottom? WLD has bled nearly 18% over the last month. Since May 22, nearly $900 million in market cap has vanished. Technical experts saw the fall coming. Analyst AltCryptoTalk flagged a bearish breakdown from a rising wedge pattern last week.

That breakdown sent WLD on a downward slide, with eyes now on horizontal support near $0.50. If this support holds, traders might re-enter aggressively. Many already map price targets close to $1.50. But right now, caution leads. Zoom out, though, and the long-term view paints a different picture. WLD broke out of a multi-month falling wedge in April. That move often signals the start of bigger trends. Volume and momentum could fuel a major rally—if buyers step in.

Technical Indicators Flash Mixed Signals

On the daily chart, the RSI shows oversold conditions. That usually means prices dropped too fast. Sometimes, buyers jump in when indicators get this low. But a deeper dip could still confirm bearish control. Bollinger Bands are tightening. This signals lower volatility ahead. Yet WLD now trades below the lower band. A price close above $1.10 could flip the sentiment bullish again.

On the other hand, MACD readings aren’t looking great. A bearish crossover formed, and both lines now float under zero. This setup hints at more downward pressure in the short term. Still, key support zones remain intact. Price levels around $0.90 and $0.50 could act like a safety net. If those zones hold firm, WLD may regain some ground.

So what’s next? Whales have placed a big bet. They clearly see something retail traders don’t. While uncertainty clouds the short-term picture, long-term signals still whisper about potential. Traders now watch every move, every candle, every dip. And the whales have already made theirs.