Worldcoin Extends Its Downtrend as Open Interest Falls and Price Stabilization Attempts Remain Weak

Worldcoin (WLD) is extending its downtrend, trading near multi-month lows around $0.67, with momentum weakening across spot and leveraged markets. Open interest in WLD derivatives has steadily declined from above $83.5M toward $82M, suggesting traders are closing positions rather than adding new short pressure. The 1-hour chart shows a bearish structure of lower highs and lower lows since November 10th, and recent stabilization attempts have been shallow, indicating indecision rather than renewed buying strength. On the daily chart, WLD has been in a prolonged downward trajectory since highs near $1.80 in June, with elevated sell-side volume confirming bearish sentiment. The market cap stands above $1.56 billion, but current metrics offer no clear signal of a short-term bullish reversal.

(Source：Brave New Coin)