Worldcoin After a 60% Drop: Is a Recovery on the Horizon?

Key Highlights

🔹 Worldcoin (WLD) has fallen from over $2.20 back to $1.20, erasing nearly 60% of its September gains.

🔹 The price decline broke key support levels, shifting the trend into bearish territory.

🔹 Despite the downturn, accumulation is underway and exchange selling pressure has hit record lows.

From Euphoria to Collapse Worldcoin [WLD] experienced a sharp rally in September after an announcement involving a financial firm backed by Tom Lee of Fundstrat, doubling in value from $1 to above $2.20. However, that surge quickly faded—prices have since dropped 60% to around $1.20, erasing most of those gains. The decline also broke through critical support levels and previous highs, flipping the overall technical structure into a bearish trend.

Where Could the Decline Stop? The first key support zone was between $1.50–$1.60, but bears quickly pushed through, sending WLD below another major support at $1.40.

Technical indicators like RSI and OBV are hovering near neutral levels. RSI briefly dipped below equilibrium, and OBV is close to breaking under its September baseline. If these indicators weaken further, the next target could be $1.00, wiping out all of September’s gains. If the slide continues, additional levels to watch include $1.16, $1.00, and $0.84, which often act as liquidity magnets during volatility-driven moves.

Are Investors Buying the Dip? Surprisingly, exchange selling pressure has not spiked despite the sharp decline. Data from Santiment reveals that WLD supply on exchanges has dropped to a record low of 57 million tokens.

This is a stark contrast to late 2024, when WLD doubled from $1.50 to $3.00 and exchange supply also doubled—from 88 million to over 160 million WLD. This time, however, the rally was marked by heavy accumulation, suggesting that sophisticated investors are positioning for potential upside.

Outlook: Recovery on the Table Worldcoin still faces the risk of falling toward the psychological $1.00 level. Yet the ongoing accumulation and record-low exchange supply point to the possibility of a rebound if overall market sentiment improves. With the rising demand for tools that blend crypto with “proof of humanity” in the era of AI adoption, WLD could regain momentum once conditions turn.

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