Worldcoin (WLD) Holds $1.34 as Traders Eye Key SMA Support

Worldcoin is attempting to stabilize after weeks of volatility, with traders watching closely as the token consolidates near its short-term moving averages.

Following a sharp rally above $2.20 earlier this year and a steep pullback into Fibonacci retracement territory, the asset has now found its footing above a key support zone.

While the latest bounce suggests a potential bullish reversal, technical signals remain mixed, leaving the market at a pivotal moment.

Riding the SMA9 After Fibonacci Rebound

In a recent analysis posted on X, market watcher LongTermR highlighted that WLD has begun to “ride the SMA9” after bouncing from a key Fibonacci retracement box. This region, highlighted in green on the chart, marked a strong demand area where buyers repeatedly stepped in following the retracement from August highs.

Source: X

The token’s rally earlier this year peaked above $2.20, before a significant correction brought price action back toward the $1.00–$1.10 range. As the pullback unfolded, the Fibonacci retracement zone aligned with renewed buying interest, forming a support structure that traders have since defended.

With the 9-day Simple Moving Average (SMA9) now trending upward and serving as a dynamic support line, the coin’s ability to hold above this level is seen as a constructive signal for momentum traders.

This configuration often appeals to trend-followers, as the overlap of Fib support and a rising SMA9 provides a technical foundation for further upside. Still, a decisive move above near-term resistance will be required to confirm that a new bullish leg is underway.

Market Data Reflects Resilient Price Action

According to market data, Worldcoin is trading at $1.34, up 1.10% in the last 24 hours. The project maintains a market capitalization of $2.89 billion, with daily trading volumes at $281.3 million, suggesting consistent engagement from market participants.

Source: BraveNewCoin

With a circulating supply of 2.15 billion tokens, the asset currently ranks 57th by market capitalization. While well below its 2025 highs, the rebound from September lows reflects resilience and ongoing interest from both retail and institutional traders. Sustaining this price zone while gradually building volume will be key to shifting sentiment decisively back toward the bullish side.

Technical Indicators Point to Cautious Consolidation

On TradingView, WLD/USDT was last observed trading at $1.352, reflecting a marginal daily decline of 0.15%. Price action has narrowed into a tighter range following the rally-to-pullback cycle, hinting at an upcoming breakout once the current consolidation resolves.

Source: TradingView

The Chaikin Money Flow (CMF) indicator currently reads -0.12, suggesting outflows are slightly outweighing inflows. This negative reading signals that selling pressure remains present, consistent with traders reducing exposure after the earlier rally. Sustained negative CMF values often point to cautious market sentiment, with capital temporarily rotating away until a clearer trend emerges.

Momentum analysis via the MACD reinforces this view. The MACD line at 0.004 sits just above the signal line at 0.025, but the histogram remains negative at -0.021. This alignment shows that while momentum is no longer strongly bearish, buying enthusiasm has cooled. Without a clear bullish crossover, the token is likely to remain in consolidation mode, with the risk of retesting support levels if demand weakens.