Worldcoin hits 6-month low: Will $0.20 be WLD’s next support level?
Worldcoin (WLD) has extended its bearish trend, falling 9.03% to a six-month low of $0.2701 and breaching the $0.30 support level. The decline was accompanied by significant capital outflows, with its market cap dropping to $876 million and over $4.26 million in long positions being liquidated.
Adding to the selling pressure, the Worldcoin team transferred 89.65 million WLD (worth $26.17 million) to a new wallet and then to multiple centralized exchanges, a move that often signals potential token sales or liquidity provision. Market data shows strong dominance by sellers, with sell volume exceeding buy volume on Binance and futures netflow turning negative at -$18.98 million, indicating aggressive exits.
Technical indicators, including the RSI nearing a bearish crossover, suggest further downside risk. A drop to the $0.20 support level appears likely unless WLD can reclaim and hold above the $0.30 resistance.
ambcrypto03/28 02:02
