After several failed attempts to avoid another all-time low, Worldcoin’s (WLD) price plunged again on April 7, falling to $0.58. This marks a staggering 95% drop from its all-time high.
While the price has bounced slightly to $0.64, nearly 100% of Worldcoin holders are bleeding in unrealized losses. Historically, a severe correction means that cryptocurrency could be close to the bottom.
However, that may not be the case for WLD, as demand for the token continues to fade. Here’s what could lie ahead for Worldcoin’s price amid persistent hawkish market conditions.
On March 20, Worldcoin’s price rebounded from the $0.82 support level, signaling a potential recovery. However, renewed market instability — largely fueled by Donald Trump’s sweeping tariff announcements — undermined the altcoin’s momentum, eventually dragging it to a new low on Monday.
Following the decline, CCN observed that WLD might fail to pick up a notable rebound with resistance ahead. Using the In/Out of Money Around Price (IOMAP), we noticed that the major resistance for WLD lies around $0.71.
Typically, a higher volume of tokens in unrealized profits signals strong support, as holders at those levels often form a buy wall. On the other hand, when the volume of unrealized losses rises, it indicates growing resistance.
According to IntoTheBlock data, Worldcoin faces significant resistance at $0.71, where nearly 55 million tokens were accumulated.
WLD In/Out of Money Around Price | Credit: IntoTheBlock
If WLD attempts to break above this level, the selling pressure from holders at a loss could create a barrier that pushes the price back down.
Boom to Bust
In line with this, the Price-Daily Active Addresses (DAA) divergence remains in negative territory — a sign that user engagement is not supporting price growth.
This metric gauges the relationship between network activity and price action. A positive reading suggests growing user participation, typically a bullish signal.
However, the continued negative divergence indicates low activity on the network. If this trend persists, WLD’s price could be on track to hit another all-time low.
From a technical perspective, WLD’s price is yet to breach the upper trendline of the descending channel on the daily chart. As seen below, the altcoin faces resistance near $0.71, similar to the signs shown by the IOMAP above.
In addition, the Moving Average Convergence Divergence (MACD) has dropped below the zero signal line, indicating bearish momentum.
Failure to change this trend in the bullish direction might spell doom for Worldcoin’s price and holders. If that is the case, the cryptocurrency’s value might drop to a new all-time low near $0.56.
Should selling pressure intensify, WLD might decline below $0.50. On the flip side, if the token breaks above the upper trendline with surging volume, the trend might change.
In that case, Worldcoin’s price could climb to $1.42, near the 0.236 Fibonacci level. In a highly bullish scenario, WLD might rise to $1.95.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
