Worldcoin Price Prediction: Can WLD Break Past $0.80 and Confirm a Trend Reversal?

Worldcoin Price Analysis: Why $0.80 Is the Most Important Level Right Now

Worldcoin Price Prediction – Worldcoin (WLD) was trading just below a critical resistance level of $0.80 at press time, with technical indicators suggesting a continued bearish bias—but signs of change may be emerging. Despite recent downward pressure, on-chain metrics and liquidity data point to a potential shift in momentum for the altcoin.

Worldcoin Faces Resistance Amid Bearish Market Structure

On the daily timeframe, Worldcoin’s market structure remains bearish, with the price unable to break past the previous lower high at $0.80. Recent support was confirmed at the 23.6% Fibonacci extension level ($0.567), leading to a bounce toward $0.75. However, this move has yet to establish a definitive bullish reversal.

Technical indicators also reinforce this caution. The 50-day moving average is aligned with the $0.80 resistance zone, adding further weight to its significance. Until WLD clears this level, the bearish momentum remains intact.

Bullish Divergence on OBV Offers Hope

Interestingly, the On-Balance Volume (OBV) presents a different narrative. In early April, the OBV formed higher lows while the price created lower lows, signaling a bullish divergence. This divergence preceded a swift price recovery from $0.57 to $0.75, suggesting that buying interest may be growing, albeit gradually.

Additionally, liquidation heatmap data reveals key magnetic zones at $0.66 and $0.80, both of which are likely to attract price action due to high levels of open interest. These zones could act as liquidity traps, triggering short-term reversals upon being tested.

Outlook: Bulls Need a Confirmed Breakout

While the bullish divergence offers a glimmer of optimism, Worldcoin has yet to establish an uptrend. Traders should watch closely for a clean breakout above $0.80, followed by a successful retest as support, to confirm a shift in trend. Until then, caution remains warranted, especially with Bitcoin’s subdued on-chain activity hinting at broader market weakness.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.