Worldcoin (WLD) gained 1.09% in the last trading session, but the token's technical picture remains bearish. The Relative Strength Index (RSI) sits at 39, firmly in weak territory, and moving averages are stacking up as resistance walls overhead. Market analysts are now warning that any further upside is likely a dead cat bounce — a short-lived rally before a steeper decline.
Technical weakness persists
The RSI reading of 39 means WLD is closer to oversold than overbought, but that alone doesn't signal a reversal. In a downtrend, low RSI can stay low for weeks. What's more concerning is the cluster of moving averages just above the current price. Each one acts as a ceiling, and the token has failed to break through any of them in recent days. That kind of resistance structure typically traps buyers who jump in hoping for a recovery.
Analysts predict a bounce to $0.30 — then a violent rejection
According to technical forecasts shared by analysts tracking the token, WLD could stage a brief rally toward $0.30 in the coming days. That move would represent a roughly 50% gain from current levels. But the outlook after that is grim. The same analysts expect a violent rejection at that level, sending the price crashing down to $0.20. That would erase all the gains from the bounce and push the token to a new low.
The term "dead cat bounce" comes from the idea that even a dead cat will bounce if it falls from high enough. In markets, it describes a temporary recovery in the middle of a prolonged downtrend. If the prediction holds, the $0.30 level will be the key test. If WLD can't hold above that and breaks down, the next stop is $0.20.
What to watch next
Traders are eyeing the $0.30 price point as the make-or-break zone. If volume spikes on a push toward that level but fails to sustain, the sell-off could be sharp. The coming days will show whether the bounce has legs — or whether it's just another trap for latecomers. No official statements from the Worldcoin Foundation or Tools for Humanity have addressed the price action.
