WLD Price Prediction: Falling Wedge Hints at Potential Recovery to $0.40

Worldcoin (WLD) remains under bearish pressure despite consolidating within a falling wedge pattern. Weak MACD momentum and resistance below key averages limit upside strength for the WLD price, while declining open interest reflects cautious trader sentiment.

However, rising trading volume signals renewed market activity and growing short-term participation. According to CoinMarketCap, WLD is trading at $0.2468 with a daily decline of 9.14%.

Source: CoinMarketCap

WLD Derivative Data Point to Mixed Outlook

According to Coinglass, the WLD open interest declined by 3.85% to $535.88 million, indicating a reduction in active derivative positions. This suggests traders are closing contracts or reducing exposure, reflecting cautious sentiment and weaker commitment in the market.

Source: Coinglass

Trading volume rose by 56.79% to $821.35 million, showing increased market participation and liquidity. This surge suggests stronger trading activity and renewed interest among investors, reflecting heightened momentum and improved market engagement.

Also Read: Worldcoin Wallets Move $5.57 Milion WLD to Bybit, Selling Pressure Builds

WLD Price Eyes $0.40 as Falling Wedge Points to Recovery

Furthermore, the crypto analyst Alpha Crypto Signal highlighted that WLD has formed a falling wedge formation on a higher time frame, which is normally an indicator of possible reversal when there has been a prolonged downward move. 

The WLD price is moving towards the top of the falling wedge due to lower volatility, while consistent volume shows selling interest is drying up.

Source: Alpha Crypto Signal’s X Post

A break above the upper trend line will signal a continuation to the upside for the WLD price and possibly start a move up towards $0.40, which was previously the level of resistance. 

Before that happens, the trade remains unvalidated and vulnerable to fake-outs. Most traders tend to hold off on buying until a breakout is confirmed with volume.

Technical Indicators Point to Downward Pressure 

According to TradingView, the WLD price is heading towards a bearish direction. The current price is $0.24208. Below the mid-level Bollinger Bands at $0.25498 indicates continued pressure from sellers. 

The new candle formation has rejected any attempts at upward movements. The WLD price may test the lower level of support at $0.22698 due to the high volatility and bearish outlook.

Source: TradingView

The technical momentum as seen on the MACD shows confirmation of the exhaustion. This is seen by the fact that the blue line maintains its position slightly above the orange one, with the histogram getting weaker as well. 

The weakening of the bullish strength is evident given the fact that the indicator moves below the zero line, making the trend bearish.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Worldcoin Price Prediction: WLD Eyes $0.85 After Falling Wedge Breakout