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Worldcoin Loses Key Support as Bearish Momentum Points Toward the $0.40 Level
Worldcoin’s price slipped below $0.80, confirming a channel breakdown that positions $0.40 as the next key demand and support zone.
Technical readings show bearish momentum fading, though MACD and ADX indicators continue to reflect a strong downward trend still in play.
Analysts monitor the $0.75 level as a crucial pivot; holding above it could trigger a short-term reversal toward the $1.15–$1.40 range.
Worldcoin ($WLD) is showing early signs of a breakdown after losing its key support levels. The asset is trading below the lower boundary of its ascending channel, suggesting a potential shift in momentum toward the downside.
Price Structure Weakens Below Channel Support
According to crypto analyst Ali (@ali_charts), Worldcoin’s price has broken below the $0.80 level after multiple failed recoveries near $1.25. This price movement indicates a structural breakdown from its long-standing ascending parallel channel. The failure to reclaim mid-range resistance has placed the token under increased selling pressure.
The asset’s current trajectory points toward a deeper retracement phase. Analysts note that a confirmed daily close below $0.77 could strengthen the bearish case, setting the stage for a move toward $0.55 and possibly the $0.40 zone. That range remains a key historical demand area, where accumulation previously began.
Repeated retests of the lower channel without a strong rebound indicate that buyers are losing momentum. Unless the price quickly reclaims the $0.95–$1.00 area, the probability of further downside remains elevated.
Technical Indicators Show Weakening Momentum
The MACD indicator currently reflects negative momentum, though the histogram bars are moving closer to zero. This pattern suggests that bearish strength is fading, but not yet reversed. Traders are watching for a MACD line crossover and a positive histogram to confirm renewed buying strength.
At the same time, the ADX reading near 43 signals a strong ongoing trend dominated by the -DI line. This setup shows that bears remain in control. A bullish shift would require the +DI to cross above the -DI, confirming a change in trend direction.
Market participants note that these conditions mark an exhaustion phase within the broader structure. Until momentum indicators confirm a reversal, any rallies may serve as temporary recoveries rather than sustainable moves.
Possible Scenarios for Worldcoin’s Next Move
The current market setup presents three potential paths. If $WLD holds above the $0.80–$0.75 support band, a bullish reversal could begin, with the first target between $1.15 and $1.40. This would require confirmation through both volume expansion and indicator alignment.
A neutral scenario would see price fluctuations between $0.75 and $1.15 as the market stabilizes. During such a period, mean-reversion trades might dominate while participants await a clearer breakout signal.
If selling pressure persists and $0.75 fails to hold, analysts anticipate a continuation toward $0.55 and $0.40. For now, momentum remains on the bearish side, and traders are advised to watch technical signals closely before positioning for a recovery.
The post Worldcoin Loses Key Support as Bearish Momentum Points Toward the $0.40 Level appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.