The token $WLD has maintained.
Now at a support level of $0.87, a key area that buyers are trying to defend amid changing derivatives activity and broader market reassessment. Despite some volatility, signs of accumulation have appeared on daily and intraday charts, indicating the potential for a bullish trend for the next move.
Decline in open interest as the price drops from $0.985.
The one-hour chart of open interest highlights notable short-term volatility in the recent price structure of #Worldcoin . Between June 27 and July 1, WLD traded sideways near $0.86 before rising to a peak of $0.985 on July 3. However, this breakout did not hold, leading to a quick retracement back to $0.929. The rejection near the psychologically significant $1 level indicates sellers regained control at this resistance level.
Meanwhile, total open interest rose during the upward movement, indicating that traders were opening long positions in anticipation of continued breakout. However, once the rally halted and prices reversed, open interest began to decline as well, falling to around 3.449 million.
This shift in open interest suggests that traders have exited their positions - either through liquidation or risk management - indicating a decrease in short-term speculative conviction. The combination of falling prices and decreasing open interest points to a risk-off phase rather than an immediate bullish continuation.
The chart illustrates broad participation in the upward trend.
In the 24-hour chart of Bra,,veNew,,Coin from July 2 to 3, $WLD showed a more positive trend, steadily rising from around $0.91 to $0.981. The session closed up 11.39%, supported by a 24-hour trading volume of $254.58 million. This gradual and steady price increase occurred without significant spikes in volume, indicating consistent buying across the market rather than isolated activity.
The trading volume pattern remained steady, but continued, indicating broad participation during the rally. Unlike isolated short sells, this type of trading volume often reflects accumulation in trading rather than short-term speculation. The market cap of $WLD rose to over $1.66 billion during this period, reinforcing its position as a mid-cap company in the cryptocurrency sector.
Additionally, the circulating supply reached 1.692 billion #WLD , placing the token at rank 68 overall. This upward price movement, along with stable trading volume and market cap data, indicates moderate interest from buyers, although not enough yet to break the resistance level at $1.
If WLD continues to trade within the range of $0.95-$0.98, a daily close above $1 could validate a bullish breakout attempt. However, persistent failure to surpass this level may lead to renewed selling pressure, especially if overall market conditions remain uncertain.
The daily chart indicates a consolidation range.
The daily chart for the #WLDUSDT pair provides long-term context showing the full cycle from the April breakout to the current consolidation. From mid-April to early May, the token rose from less than $0.60 to over $1.60, but this increase was followed by ongoing profit-taking. The rejection at the top formed a long upper wick, and the token began a steady downward trend, forming a clear series of lower highs and lows.
Currently, the price of #وورلدكوين is trading in a narrow range between $0.85 and $0.95. Its price on July 3rd was $0.930, down 1.48% for the day, but it remains within the horizontal consolidation zone. The relative balance of daily green and red candles over the past week indicates indecision, as neither bulls nor bears have dominated the market.
Although indicators like the Awesome Oscillator and the Balance of Power are still active, the price structure itself delineates two critical levels: resistance at $0.98 and support at $0.87. A daily close above the resistance level could pave the way toward $1.20, while a drop below $0.87 could expose Worldcoin to further declines.