Worldcoin (WLD) distinguished itself from the general cryptocurrency market with a sharp 14% drop in the last 24 hours, while the average market loss remained at 9%. The stark decline in WLD’s value attracted considerable attention to the project. Initially launched at $0.60, after its debut, the altcoin remained trapped in a horizontal band for months. The recent drop resulted from a combination of macroeconomic factors and specific negative developments affecting the project.
Regulatory Pressures, Token Unlocking, and Political Tensions Increase Pressure
One of the primary causes of WLD’s sharp downturn is the climbing global regulatory pressure. The Colombian government recently ordered the immediate deletion of all biometric data collected by Worldcoin in the country. This decision dealt a significant blow to the project’s operations while also undermining investor confidence.
Furthermore, the Philippines and Thailand issued official warnings demanding the cessation of WLD operations. This situation directly affected airdrop processes, one of the most critical tools for gaining new users.
Additionally, the unlocking of over 37 million tokens further intensified the selling pressure. The presence of approximately 4.25 billion WLD tokens (42%) still locked raises concerns about the potential for long-term market pressure.
The overall structure of the cryptocurrency market also contributed to the decline. As the Bitcoin 
$77,710 price began losing momentum just above the $80,000 level, WLD, like many other altcoins, joined the downward trend.
Hopeful Signs for Bulls in the Technical Outlook
On the technical side, Worldcoin has been trading below a descending trendline for the past three months. Although this indicates a sustained medium-term downturn, indicators suggest a different scenario in the short term.
The MACD indicator confirms that the selling pressure remains strong, although not strong enough to push the price below $0.60. Cumulative Volume Delta data is approximately -$10.7 million, indicating a dominance of short positions.
However, an important detail on the charts is that the WLD price has reached the peak of its congestion zone. Such structures typically signal a major movement. Furthermore, the presence of over $1.5 million in liquidity at the $0.63 level increases the likelihood of the price being drawn in that direction.
All these data suggest that WLD’s decline may end in the short term. If the price manages to stay above the main support level, the bulls might regain control.
Meanwhile, on the day of Worldcoin’s decline, a notable development occurred in the U.S. cryptocurrency market. Some analysts suggest that data related to Bitcoin spot ETF applications might be released by the SEC next week. This situation created short-term volatility in Bitcoin and major altcoins while also contributing to a reduced risk appetite in the market. Projects like WLD, which are sensitive to regulations, experienced harsher impacts under this atmosphere.
