Worldcoin Price Prediction: Signs of Accumulation Emerge Ahead of Breakout

Worldcoin (WLD) is showing early signs of a potential shift in trend after months of consistent downward pressure.

The token recently stabilized near the $1.00 mark, following a sharp drop and a period of range-bound activity. With technical indicators beginning to align and market interest gradually picking up, traders are watching closely for a breakout.

While resistance near $1.20 remains firm, recent price behavior and momentum metrics suggest that accumulation may be underway. These developments come at a critical point as WLD approaches a possible inflection zone.

Price Activity Suggests Stabilization with Possible Reversal Indicators

Worldcoin (WLD) price prediction has experienced a notable period of volatility, with its price movement reflecting a combination of sharp declines and range-bound consolidation. Between June 4 and June 6, WLD registered a significant price drop marked by heavy selling activity and aggressive bearish candles.

This downturn pushed the token to a local low before a shift in market behavior led to a more stable price range between June 7 and June 10. During this phase, WLD traded within a narrow band, suggesting a balance between buying and selling pressure.

Source: Brave New Coin

In the following sessions, the token attempted to establish bullish momentum, briefly approaching the $1.23 mark on June 10 and early June 11. However, this upward move was met with resistance, leading to a rejection that brought the price back to around $1.11. The repeated failure to maintain levels above $1.20 indicates the presence of a strong resistance zone.

As of June 12, WLD trades near $1.11, aligning with its earlier consolidation lows and implying a continuation of the sideways trend unless a clear directional breakout occurs.

Open Interest and Volume Trends Reflect Market Sentiment Shift

Additionally, an examination of futures open interest alongside hourly price action adds further context to recent developments. The sharp decline observed on June 6 coincided with a notable drop in open interest, suggesting that traders closed positions, likely in response to increased volatility or liquidation events.

As prices began to recover, open interest steadily increased, pointing to renewed participation from speculators and range-bound traders. This trend indicates that the market was recalibrating, with new positions being established following the high-volume downturn.

Source: Open Interest

Open interest peaked around the time Worldcoin price prediction approached its local high on June 11. Following this, both price and open interest declined in tandem, a sign that traders may have been unwinding positions or locking in gains. This reduction reflects a temporary pause in speculative engagement, aligning with the broader consolidation phase.

Additionally, the 24-hour volume of $274.54 million recorded during the price surge on June 10 further confirms active trading interest during periods of upward momentum. However, as prices fell, elevated selling volume suggested a potential distribution phase where short-term holders exited positions.

Worldcoin Price Prediction: Technical Indicators Highlight Emerging Bullish Signals

On the weekly chart, WLD’s broader trend remains within a downtrend channel, with consistent lower highs and lower lows since its previous high of approximately $4.19. However, the asset has been trading near the $1.00 support zone for several weeks, indicating a potential base-building phase.

The price is currently showing mild gains on the weekly timeframe, with the latest candle reflecting a 1.08% increase. The narrow-bodied candlesticks observed over the past month point to market indecision but also signal reduced volatility, which often precedes larger directional moves.

Source: TradingView

The Chaikin Money Flow (CMF) stands at -0.11, still in negative territory, which implies persistent capital outflows. However, the gradual upward slope of the CMF in recent weeks may indicate a shift in accumulation behavior, with investors beginning to cautiously re-enter the market. This development aligns with the declining selling pressure observed during the consolidation period.

Meanwhile, the Moving Average Convergence Divergence (MACD) offers a potentially constructive signal. The MACD line has crossed above the signal line, and the histogram has turned positive for the first time in several months.

Though the MACD remains below the neutral level, the crossover typically signals early bullish sentiment and may precede a shift in trend. For this signal to hold weight, further confirmation through increased volume and sustained price movement above $1.16 would be essential.

In summary, while Worldcoin continues to face resistance in the short term, several indicators suggest that accumulation is taking place near support levels. A sustained move above immediate resistance and positive momentum in volume and open interest could position WLD for a potential breakout from its prolonged downtrend.