Worldcoin (WLD) has breached the key $1 psychological level, dropping 2.84% in the past 24 hours. The token now trades at $0.9506, highlighting renewed bearish pressure. Alongside price decline, its market capitalization has fallen to $1.73 billion, a 2.25% drop from the previous day.
Investor activity is also shrinking as 24-hour trading volume plummets by 19.29%, now at $181.34 million. The decline signals cooling interest among traders. Meanwhile, Worldcoin’s fully diluted valuation (FDV) remains high at $9.5 billion, reflecting a large gap between circulating and total token supply.
There are 1.83 billion WLD in circulation out of a total supply of 10 billion. With 1.51 million holders, Worldcoin still enjoys a solid community base. Despite today’s drop, sentiment stays bullish with 81% of 72,000 users showing optimism. However, price charts now hint at fading momentum.
The $0.95 support level is under threat as bears reclaim control. WLD’s 24-hour volume-to-market cap ratio is 10.46%, showing moderate liquidity. Price action on multiple timeframes indicates that the earlier bullish structure is weakening below the $1 threshold.
Worldcoin bulls struggle near key resistance
Crypto analyst @ali_charts has pointed to a symmetrical triangle on the daily WLD/USDT chart. This pattern, active since March, features converging trendlines, hinting at ongoing price compression and pressure for a breakout. So far, bulls have failed to push above critical resistance.
The triangle’s upper boundary aligns with the 0.786 Fibonacci retracement level at $1.42. That level has been tested a number of times but not broken on a daily closing basis. A breakout there might have captured hunger and triggered bullish pressure up to the range of 2.92 to 3.04.
However, the rejected level at $1.42 has drawn attention to the lower limit. This trend line has remained intact since April, but this trend line can be broken soon. The key points of interest to traders will be to watch whether WLD can remain above the 0.618 Fib level around $1.11 to preserve the structure.
The intraday defenses are collapsing fast, with the price sliding. WLD did not manage to hold essential levels of 1.05 and 1.00. The weak buying interest has added to the further downgrades. The critical support is now at a level of $0.9,8, and further losses may take the token below the support of 0.95.
