- Wld noted Beerarish Momentum on the 1-day and 4-hour graphs, which meant the dominance of the seller
- Despite his bearish signals, the price action showed that a short-term rally could be possible
Worldcoin [WLD] Has paid 17.65% of its value in less than three days. The technical analysis even showed that the trend of the higher period of time on the press was strong bearish.
And yet there can be a buying option. Not for investors, but for traders. The potential partnership with Visa can help the next week to turn the sentiment.
WLD is Bearish on several timetables, but can see a bounce of $ 0.8 support
Source: Wld/USDT on TradingView
The 1-day period of time showed that the level of $ 1 at the end of February had turned to resistance. The bullish hope for long-term worldcoin investors was seriously hit at the end of January, when the bullish order block was turned to $ 1.5 (red) from a demand zone to an offer zone.
The Bearish market structure of WLD has been present since the beginning of 2025 when the price dropped below the $ 2 level. This level marked the higher layer from November, which was part of the strong rally by the end of 2024. Like most altcoins, this two -month rally has since been completely wiped out.
The RSI has been under the neutral 50 since mid -January. This can be seen as a sign of persistent bearish Momentum. It was also in accordance with the Bearish Price promotion of the past three months. The OBV also has a downward trend, which reflects a steady sales pressure.
In the past three weeks, however, Worldcoin’s ObV has picked up something, which reflects some accumulation. The RSI also corrected itself and climbed higher from sold -out circumstances. However, this did not indicate a trend remote and at the time of printing the outlook on the daily period was still Bearish.
Source: Wld/USDT on TradingView
Wld’s 4-hour graph sketched the consolidation phase of the past three weeks. A reach formation (purple) was seen from $ 0.81 to $ 0.97. The middle range level at $ 0.89 earlier in March functioned both support and resistance.
Although the strong losses brought the RSI to 29 in the past week, there might be a good chance of a bullish reversal. The range of lows are likely to be defended because the BBV has not yet dived under the local lows.
That is why, despite the rapid losses, Worldcoin can recently offer a buying option to swing traders.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer
