Worldcoin price tests $0.24 as descending channel nears all-time low
Worldcoin price is trading around $0.2602 (down ~3.77% on the day) as the lower boundary of a six-month descending channel converges on the all-time low at $0.2415. Analysts flag that a confirmed daily close below $0.2415 would likely set a new all-time low and open a path toward the $0.20 psychological level, with limited prior support between the levels.
Technical signals remain bearish. The daily Supertrend at $0.3088 has acted as recurring resistance, and WLD has not produced a sustained close above it since late 2025. MACD remains below zero (MACD line ~-0.0263; signal ~-0.0375) with only a marginally positive histogram, suggesting downside momentum may be slowing but not reversing.
Key levels traders watch: support at $0.2415; next downside target at $0.20. A bullish shift would require a daily close back above the Supertrend resistance near $0.3088.
On the fundamental/positioning side, Nansen data shows total WLD balances on centralised exchanges rose more than 25% to about $742M in the week ending Mar 27, after roughly $26M WLD moved to exchange wallets—an incremental near-term selling risk. Separately, Binance delisted COIN-M WLD futures in early April, reducing leveraged derivatives liquidity.
Overall, Worldcoin price setups point to elevated breakdown risk if $0.2415 fails, while recovery attempts likely face heavy resistance near $0.3088.
Bearish
The article frames Worldcoin price near a critical technical breakdown zone: the descending-channel lower boundary converging with the all-time low at $0.2415. In similar past “support-confluence” scenarios, once price fails to hold the prior all-time low on a confirmed daily close, traders typically shift from range trading to momentum selling, accelerating moves toward the next psychological level (here, $0.20).
Short-term: resistance overhead (Supertrend ~ $0.3088) limits rebounds, while exchange-balance growth (Nansen: +25%+ to ~$742M) implies more coins are available on centralized venues, increasing sell-side pressure. The Binance COIN-M WLD futures delisting also reduces leveraged hedging/positioning options, which can worsen volatility and make rebounds harder.
Long-term: if $0.2415 breaks and WLD does not reclaim Supertrend, the market can reprices the token into a new lower regime, making rallies less durable and increasing the probability of extended downtrend behavior. A bullish reversal would likely only become credible after a sustained regain of $0.3088, signalling the channel structure is no longer intact.