Worldcoin (WLD) slid 5.72% in the latest trading session, landing at the lower Bollinger Band. The token now faces a wall of resistance from all major moving averages above its current price, according to market data.
Technical setup points to two possible paths
The price action has pushed WLD into a zone where traders often watch for a bounce or a breakdown. The lower Bollinger Band, a volatility indicator, is currently acting as a floor. If buyers step in, a short-squeeze could propel the token into the $0.37–$0.39 range. That would require a swift move above the moving averages that have capped recent rallies.
On the other hand, if selling pressure continues, the price could flush down to $0.34. That level sits just below the current band and would represent a fresh low for the recent downtrend.
What's behind the drop
The 5.72% decline comes without any specific company or regulatory announcement tied to Worldcoin. The broader crypto market has been under pressure, but WLD's slide appears driven by its own technical dynamics. The token has been trending lower, with each bounce failing to break above the moving averages that now form a resistance cluster.
Traders are watching whether the lower Bollinger Band will hold as support or give way. A bounce from here would need strong volume to break through the overhead resistance. A failure to hold the band could accelerate losses toward $0.34.
What to watch next
The next few trading sessions will determine whether the short-squeeze scenario plays out or the price extends its decline. No earnings report or project update is scheduled in the immediate term, leaving the technical picture as the main driver. The $0.34 level is the next major downside marker if the current support fails.
