Worldcoin Price Eyes Recovery Toward $1.45 as Sellers Lose Momentum
Worldcoin (WLD) is consolidating near $0.90 after a sharp selloff, with reduced leverage and cooling volatility suggesting a potential recovery toward $1.45.Summary
Worldcoin (WLD) price action suggests a potential recovery is beginning after a sharp selloff pushed it below $1.00, as selling momentum wanes. Derivatives data shows a significant deleveraging event, with aggregated open interest dropping from over 300 million to about 111 million, clearing out speculative positions and leading to market consolidation. Current market data shows WLD trading around $0.88, with stable liquidity indicating easing selling pressure. Technically, WLD/USDT is trading near $0.90, with Bollinger Bands showing compression, suggesting stabilization. The RSI is below neutral at 37.11, indicating lingering bearish sentiment but also signaling that selling pressure is weakening. If the $0.90 support holds, the price could target a rebound toward the upper Bollinger Band resistance at $1.45; however, a drop below $0.73 would negate this recovery setup.
(Source：Brave New Coin)