"#Worldcoin: What happened after falling below $1 after surpassing that threshold yesterday?"
In the last 24 hours, the price of Worldcoin (WLD) showed notable uncertainty:
Yesterday, #WLD briefly surpassed $1, generating positive expectations among the community.
However, today its quotation has fallen again, sitting near $0.94–$0.97. For example:
On Coinbase, the current price is $0.97, which represents a decline of –4% compared to the previous day.
Other platforms report similar levels between $0.94 and $0.95, with declines of around –2% to –4%.
This setback suggests that the psychological support around $1 is being challenged.
What is causing this volatility?
Technical forces: Technical indicators such as the MACD and RSI suggest bearish pressure, reinforcing the idea that the price could retreat to levels like $0.95 or even $0.90.
Intraday volatility: An intraday drop was observed from approximately $1.10 towards $1.00, with the price stabilizing near support between $0.98 and $1.00, indicating activity but resistance to break above.
Fundamental factors: Despite a successful funding round of $135 million that initially boosted the token, there are also regulatory tensions, particularly related to concerns about privacy and biometric collection in China, which could be limiting its recovery.
In summary, the drop of Worldcoin below $1 after having surpassed it indicates a phase of consolidation and caution. For sentiment to turn optimistic again, the price should break strongly above $1.05, but until then, technical support remains at key levels like $0.95–$0.90.
What do you think will happen?
1. Will $WLD break up again and manage to surpass $1.05 in the coming days?
2. Will it remain between $0.95 and $1.00, consolidating that range?
3. Or could it extend its correction towards $0.90 or less?
