Worldcoin (WLD) Holds $1.20 Zone as Traders Eye $1.50 Breakout

Worldcoin continues to command market attention after an analyst shared a chart update highlighting critical support and resistance levels shaping its short-term trajectory.

With price consolidating in the $1.20–$1.30 range, the token sits at a pivotal juncture where either renewed upside or deeper retracement could define its October outlook.

Price Action Signals Key Resistance Ahead

In a recent X analysis, Efloud noted that WLD recently bounced from an order block (OB) region that had not previously been tested, suggesting it represents a logical support zone. The level around $1.12 is identified as a key trigger area, with alarms set in case of a breakdown that could expose further downside risk.

Source: X

On the upside, reclaiming $1.35 is seen as a positive milestone for bulls, with $1.46 marked as the next resistance zone. This range could serve as an important battleground: if the token breaks through convincingly, momentum could extend toward higher psychological levels near $1.50 and beyond.

Failure to hold gains, however, may reinforce the consolidation theme that has persisted since the September peak at $2.21.

Efloud emphasized the importance of patience in this setup, noting that the asset is currently navigating untested areas of market structure where liquidity and trader conviction will play outsized roles in defining its next leg.

Market Data Highlights Shifting Momentum

According to BraveNewCoin data, Worldcoin is trading at $1.24, reflecting a 3.00% decline over the past 24 hours. Its market capitalization stands at $2.67 billion, ranking it 59th among cryptocurrencies, while trading volume over the same period is approximately $165 million.

Source: BraveNewCoin

The available supply of the asset is just under 2.15 billion tokens, reflecting the project’s scale and ongoing distribution model. Despite the recent pullback, liquidity levels remain steady, suggesting that while sentiment has cooled, the memecoin still commands significant market participation.

The broader context shows that the coin is trading well below its September high of above $2.20, underscoring a sharp correction phase. Yet the ability to hold the $1.20–$1.25 area hints at an attempt to form a new base from which buyers may attempt another recovery.

Technical Indicators Point to Critical Levels

At the time of writing, Worldcoin is currently changing hands near $1.31, up nearly 6% on the day in short-term trading. Despite this bounce, the token remains capped below the $1.50 resistance zone, a barrier that continues to reject bullish advances. A decisive close above this level is considered essential for establishing stronger upside continuation.

Source: TradingView

The Chaikin Money Flow (CMF) indicator sits at -0.14, signaling that capital outflows remain dominant. This suggests that while price has stabilized, inflows are not yet strong enough to support a sustained recovery, leaving the coin vulnerable to further volatility.

Meanwhile, the MACD shows a marginally bullish crossover with the MACD line above the signal line, but the histogram remains negative at -0.036. This mixed signal underscores a fragile balance where short-term rebounds could still fizzle without volume confirmation.

For traders, the technical setup implies that caution remains warranted. Sustained inflows and stronger momentum indicators would be needed to shift sentiment decisively toward the bullish camp. Until then, price movement is likely to remain choppy between $1.12 support and $1.50 resistance.