Worldcoin (WLD) has staged a modest recovery in July after a prolonged selloff that wiped out more than 96% of its value from its 2024 all-time high near $11.97. The recent rally lifted the price between 3% and 7%, mirroring an improvement in sentiment across the broader cryptocurrency market. However, analysts remain cautious about declaring a sustainable trend reversal.
Technical signals trigger debate on trend reversal
The latest price action has prompted a split among market observers. Some see early signs of stabilization, while others warn the move may only be a short pause within a larger downtrend. Technical analyst @that1618guy noted a significant bearish divergence on Worldcoin’s weekly Relative Strength Index (RSI) following its recovery from approximately $0.23 to $0.72.
WLD is showing big bearish RSI divergence on the weekly timeframe, which raises further caution about the strength of the ongoing rebound.
The analyst also observed that weekly volatility appears to be easing as WLD retests short-term exponential moving averages. Rather than seeing this as a buying opportunity, the analyst argued momentum has faded, and the absence of a clear market narrative suggests more consolidation is likely before any meaningful surge occurs.
Long-term perspectives point to step-by-step resistance
Other analysts offer a more constructive outlook. Analyst @0xLogicalx suggested that Worldcoin is still in the early phases of establishing a longer-term recovery cycle. Reviewing historical price cycles in the crypto market, the analyst claimed major rallies often progress in stages as assets reclaim key resistance levels one by one.
According to the weekly chart, WLD faces important resistance points around $2.20, $4.15, and $12. With the token currently near $0.40 to $0.42, these levels remain distant and would require multiple successful breakouts to be technically relevant in the coming months.
| Price Level | Status |
|---|---|
| $0.23 | Previous major low |
| $0.40-$0.42 | Current trading range |
| $2.20 | First major resistance |
| $4.15 | Second resistance |
| $12 | Long-term resistance/high |
Liquidation clusters highlight key resistance zones
Derivatives positioning has also attracted attention. Analyst @EsamTrading pointed out that Coinglass’s 30-day liquidation heatmap reveals a concentration of highly leveraged trades between $0.48 and $0.52, especially on the Bybit exchange.
This cluster indicates that a clear breakout above $0.522 with rising volume could open the way toward $0.55 to $0.58, while a rejection near $0.50 to $0.51 may trigger a new wave of selling and push the price back to lower support levels. Price action over the past month ultimately favored the downside scenario, with WLD dropping back to $0.40-$0.42 before showing signs of a new upward attempt.
Bybit is a cryptocurrency derivatives platform popular with traders seeking leverage on major tokens and altcoins.
Mini dictionary: Coinglass, a crypto analytics platform, provides liquidation heatmaps and derivatives trading data for major exchanges.
Indicators send mixed technical signals
Broader technical signals for Worldcoin remain undecided. TradingView’s technical summary now reflects a neutral reading for the token on many timeframes, yet the overall bias on weekly and monthly charts still leans toward Sell-to-Neutral.
The 14-day RSI has stabilized between 40 and 45, close to neutral but tilting toward oversold conditions. This suggests bearish momentum has faded but buyers have not taken solid control. The MACD indicator currently sits near the zero line, implying a lack of clear bullish or bearish direction.
Shorter-term moving averages, such as the 50-day, hover around the $0.40 to $0.50 range, close to where WLD is currently trading. While a “golden cross” remains in place—meaning the 50-day moving average is above the 200-day—analysts warn this technical signal is offset by the ongoing broader downtrend observed since early 2024.
Key price levels in focus as market consolidates
From a price structure perspective, the $0.40 level has become the main support zone for traders. Immediate support sits between $0.38 and $0.40, reinforced by recent consolidation activity, with further backup at $0.35 and the previous major low of $0.23.
The main resistance area remains between $0.42 and $0.45, supported by the 30-day simple moving average. A decisive move above this region would improve short-term bullish momentum and could refocus attention on major resistance near $0.70.
Maintaining support above $0.40 while reclaiming the $0.42-$0.45 resistance zone would indicate a stronger recovery, but analysts currently view the uptick as an early attempt rather than a confirmed bullish reversal.
