After a recent price dip, Worldcoin (WLD) appears to be entering a quiet phase of accumulation. Technical indicators are pointing to an upcoming breakout as the market consolidates tightly between $0.85 and $0.90 USDT.
🔹 Calm Before the Storm?
Since June 20, WLD experienced a sharp decline, but recent sessions show stabilization just above $0.85 USDT. Smaller candles and reduced volatility indicate a potential end to selling pressure and the beginning of consolidation.
At the same time, open interest (OI) is showing notable behavior. OI declined during the sell-off, reflecting the closing of long positions. But since June 27, OI has been rising again—even though price remains flat. This may suggest that traders are positioning for a major directional move.
If price increases alongside growing OI, it could trigger a bullish rally. On the other hand, if price declines while OI stays high, a bear trap or speculative shorting could be at play.
📊 WLD Market Remains Active Despite Price Weakness
As of June 29, 2025, WLD is trading at $0.89 USDT, up 1.74% over the past 24 hours. Its market cap stands at approximately $1.49 billion USDT with a 24-hour trading volume of $92.8 million. With a circulating supply of 1.67 billion WLD, the token ranks 73rd among global cryptocurrencies.
Worldcoin aims to create a global network for identity and finance, with a focus on digital identity and AI integration. Unlike typical utility or store-of-value tokens, its mission revolves around public infrastructure for the AI-driven future.
📉 Technical Analysis: Is a Reversal Brewing?
The daily WLD/USDT chart shows a prolonged downtrend from its high of $2.803 USDT. The price has now stabilized around $0.89 and repeatedly found support just above $0.85 USDT.
The Bulls vs Bears Power (BBPower) indicator stands at -0.038, showing a lingering but weakening bearish trend. The histogram lacks strong green bars—signaling weak buying momentum—but the fading red bars suggest seller fatigue.
The Relative Strength Index (RSI) sits at 41.35, below the neutral 50 line but above its moving average. Traders often interpret this as an early sign that bullish pressure may be building.
📈 A confirmed trend reversal would require the RSI to break and hold above 50, along with a price move beyond $1.00 USDT. Until those milestones are met, the current consolidation could continue as the market prepares for its next big move.
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