Worldcoin (WLD) Drops to $0.60 as Open Interest Weakens and Technical Indicators Signal Further Declines

Worldcoin (WLD) has deepened its downtrend, dropping to approximately $0.60 as sellers maintain control and investor interest wanes. Open interest across derivatives markets shows a steady decline, signaling that long holders are closing positions rather than defending support levels, which underscores a risk-off market sentiment.

Data shows WLD experienced an 8.36% decline in 24 hours, with its market cap at $1.40 billion and trading volume at $254.5 million. The price is currently consolidating in a narrow, downward-biased range between $0.56 and $0.60.

Technical indicators strongly suggest further declines, with the price trading below the Bollinger Band basis ($0.719) near the lower band ($0.579). Furthermore, the MACD remains below its signal line with a negative histogram reading, reinforcing the bearish outlook and signaling limited evidence of an immediate reversal.

(Source：Brave New Coin)