Worldcoin (WLD) has dropped to $0.9464, with a daily decline of 4.15%, and it seems a bit weak. It has been trying to break through $1.01 for the past few days but has always been pushed down, indicating significant selling pressure at this level, making it as difficult to overcome as a wall. The key support level below is $0.9451; if it breaks below this, it may continue to decline further.
Since WLD soared to an all-time high of $11.82 in March 2024, it has been on a downward trend, having already dropped nearly 92%, effectively falling from the clouds to the floor. However, let's not be too pessimistic; it is still up 63% from this year's low of $0.5817 in April, barely hanging on.
Currently, it appears that the bulls have not given up, and the bears are still bombarding fiercely. The short-term trend will depend on whether this support level can be maintained.