Worldcoin (WLD) tumbles 49% on liquidations; eyes $0.416
Worldcoin (WLD) has corrected nearly 49% in two weeks, sliding from about $0.7229 to $0.3686 as liquidation-driven selling hit leveraged traders. On Tuesday, roughly $410M in positions were liquidated across the market, including about $8.3M in WLD, with around $8.06M of those being long liquidations.
Technicals remain fragile. The rebound impulse (around $0.416 to $0.723) has broken, and key support has been lost. RSI earlier pushed toward oversold (near 30), but the broader setup is still described as cautiously bullish, with WLD trading within the Fibonacci 61.8%–78.6% “golden pocket” and CMF suggesting short-term steadiness.
Traders are watching levels for confirmation. A reclaim of $0.416 would be the bullish trigger, while $0.333 is the main downside line. Further bearish confirmation could emerge if CMF drops below -0.05 and WLD breaks the local low, with the next watch area around $0.348.
BTC spillover risk remains a key catalyst: if Bitcoin sells off, WLD could extend losses even as liquidation pressure begins to ease.
Neutral
Liquidations and a broken rebound structure keep short-term pressure on WLD, but oversold signals (RSI near 30) and the “golden pocket” context (61.8%–78.6% Fib) suggest downside may be partly contained. The market therefore needs confirmation: a WLD reclaim of $0.416 would support a rebound thesis, while a loss of $0.333 (plus weaker CMF and a break of the local low) would likely extend downside. BTC weakness is the main near-term risk that can tip this into bearish follow-through, making the net impact on WLD closer to neutral rather than decisively bullish or bearish.