Worldcoin (WLD) Holds Key Support at $1.30 as Market Consolidates

In a recent X post, analyst Nehal shared technical insights on the WLD/USDT daily chart, showing that the token remains in a consolidation phase after a steep rally earlier in September.

The price surged above $2.16 before facing profit-taking and sliding toward the $1.60–$1.70 zone. Despite the retracement, the asset continues to hold above a key breakout trendline — a sign that the broader bullish structure remains intact, provided this support persists.

Consolidation Above the Breakout Trendline

According to Nehal’s analysis, WLD is trading within a compression range, indicating reduced volatility following the earlier breakout. The chart outlines two potential paths. In the bullish scenario, the token could rebound from current levels and revisit resistance at $2.04–$2.16, reflecting an upside potential of roughly 80% from its current base. Alternatively, a short-term dip toward $1.30–$1.40 could form a stronger support retest before buyers regain momentum.

Source: X

Volume profile analysis shows strong demand clusters between $1.30 and $1.60, confirming this region as a key accumulation zone. If bulls successfully defend this level, the coin could generate enough momentum for another push higher. Conversely, a breakdown below $1.30 would weaken the technical outlook, potentially exposing the token to deeper losses toward the $1.00 psychological support.

Market Overview: Price Action Reflects Stabilization

Data from BraveNewCoin indicates that Worldcoin is currently priced at $1.30, reflecting a 3.48% decline in the past 24 hours. Its market capitalization stands at $2.80 billion, supported by a daily trading volume of $267 million and an available supply of 2.15 billion tokens. Despite the short-term weakness, the token remains within a broader bullish framework, maintaining its structure above long-term support.

Source: BraveNewCoin

The coin project continues to build its identity-based blockchain ecosystem through the World ID initiative, which leverages biometric verification via “Orbs” to confirm human uniqueness using zero-knowledge proofs. This system enables users to participate in decentralized platforms securely and privately, aiming to combine global identity infrastructure with financial access — a mission that continues to attract both attention and scrutiny in the crypto space.

Technical Indicators Point to Weakening Bearish Momentum

At the time of writing, WLD/USDT trades at $1.295, marking a 3.29% daily drop. Technical indicators on TradingView highlight a mixed outlook. The MACD (12,26) reveals mild bearish momentum, with the histogram at -0.020 and the signal line slightly above the MACD line.

This suggests that while sellers remain in control, momentum is losing strength, potentially paving the way for stabilization or a reversal if bullish volume returns.

Source: TradingView

Meanwhile, the Chaikin Money Flow (CMF) sits at -0.08, signaling that capital outflows still outweigh inflows, a sign of limited buying pressure. However, if CMF crosses back above zero and price action holds above $1.20, it could trigger a rebound toward resistance levels around $1.50–$1.70. A failure to hold this area, however, may result in a retest of $1.00, marking a deeper correction phase.