Will This Move Change the Bearish Trend?

• Worldcoin expands World ID to the Dominican Republic for secure digital identity verification.
• Poland sees a recent rollout, indicating Worldcoin’s European growth strategy.
• WLD price drops to $1.75 with bearish trends, weak momentum, and market caution.

Worldcoin has launched its World ID verification service in the Dominican Republic, continuing its expansion across multiple regions. The service aims to provide secure and efficient identity verification for users in the country.

With World ID in the Dominican Republic, Worldcoin makes it easier for you to verify your identity and gives people a quicker and more accurate method for digital identification.

This move is part of Worldcoin’s efforts to improve the security and efficiency of identity verification, addressing the growing concern about needing safe and private ways to confirm one’s identity online.

This launch in the Dominican Republic follows Worldcoin’s earlier launch of its service in Poland. In September, the firm introduced the service in Warsaw, where users can verify their identity using orbs. 

Worldcoin pointed out the importance of this technology and that the goal is to provide a more secure way for individuals to prove that they are real. 

Worldcoin Market Performance

As of press time, the price of Worldcoin (WLD) stood at $1.75, reflecting a 6.11% decrease in value over the past 24 hours. Worldcoin’s market capitalization has also dropped, currently at $907.2 million, ranking it 71st among crypto assets. 

Further, Worldcoin has fallen since reaching its peak of over $3.00 in late July 2024. The token’s price made recovery attempts in mid-September, briefly rising above $2.00 before declining again. 

Moreover, the primary technical indicators signal a continuation of the bearish trend. At the time of writing, the RSI hovered at 49.45, below the neutral level of 50, indicating a balanced but cautious market.

The MACD indicator reflects neutral sentiment, with minimal divergence between the MACD line and the signal line, suggesting a lack of momentum in either direction.