Worldcoin's native token, WLD, clawed back 7.77% on Tuesday, hitting $0.38. But the relief rally may be short-lived. The token's path of least resistance remains tilted downward, with traders eyeing a drop to $0.34 unless buyers can reclaim the $0.41 level with conviction.
Overhead moving averages loom large
WLD's bounce ran straight into a wall of overhead moving averages. Those technical levels are now acting as a ceiling, capping any upside momentum. The cluster of moving averages near $0.41 has turned into a formidable resistance band. Without a surge in buying volume, the token is likely to stall and reverse.
The $0.41 level becomes a make-or-break trigger
Bulls need to push WLD above $0.41 on rising volume to shift the short-term outlook. That would break through the resistance wall and open the door for further gains. But so far, the bounce lacks the buying pressure needed to clear that hurdle. If the token fails to break higher, the next stop is the $0.34 support zone.
That level, tested multiple times in recent weeks, is now the immediate downside target. A break below $0.34 would signal a deeper correction, though the facts don't specify where the token would go next.
For now, traders are watching whether WLD can hold above $0.38 and build enough momentum to challenge the moving averages. The next few sessions will tell if the bounce has legs or if it's just a pause before another leg down.
