Worldcoin (WLD) has dropped by more than 40% from its local top of $2.21 established two weeks ago.
The plunge appears alongside the broader crypto market correction, indicating a prevailing de-risking mood following the year-long boom. In other words, it may have been a part of a bull market correction, plaguing other top assets like Bitcoin (BTC) and Ether (ETH), as well.
But WLD fundamentals are looking stronger for the coming weeks, which, if matched with its recent price behaviour, hints at a recovery ahead. That is to a degree that WLD may even outperform Bitcoin’s returns during the next rebound phase.
Let’s examine.
This week, OpenAI secured up to $100 billion in investment from Nvidia, alongside a plan to deploy 10 gigawatts of GPU systems to scale ChatGPT’s infrastructure.
The sheer scale underscores why scalable identity verification may soon become critical in a world where machines generate most online content. World ID, positioned as proof-of-personhood, sits at the heart of that conversation.
At the same time, WLD’s ecosystem fundamentals are strengthening.
The team bridged $144 million in tokens to World Chain, while Kraken added WLD/USD margin trading, expanding access for leveraged players.
Adoption is rising, too, with Overtake integrating World ID into its game marketplace, and PoolTogether offering a 5x prize boost for verified users.
Wall Street voices, such as analyst Dan Ives, are drawing parallels between World Network’s trajectory and the early days of Tesla and Nvidia.
From a technical perspective, WLD is showing signs of resilience.
WLD/USD recently bounced off its 50-day and 200-day exponential moving averages, signalling a bullish rejection of deeper downside levels. This rebound keeps WLD within its ascending channel, raising the probability of a continuation move toward the channel’s upper trendline.
The key target sits near $2.38, up by over 80% from current prices. That also aligns with the 0.5 Fibonacci retracement level of the previous downtrend.
Momentum indicators such as the RSI are stabilising around neutral territory, leaving room for further upside before overbought conditions kick in.
Put together, the chart structure suggests that WLD could be among the stronger rebound plays if broader crypto sentiment improves. Conversely, a breakdown below the channel’s lower trendline risks invalidating the bullish outlook.
Against Bitcoin, WLD has carved out a falling wedge pattern, a setup often considered a bullish reversal signal. The price has compressed toward the wedge’s apex while holding above its 200-4H EMA (the blue wave) support, indicating selling pressure may be fading.
A breakout above the wedge’s upper trendline would open the door for a rally toward 0.00001698 BTC, matching the height of the formation projected upward. Supporting the case, the RSI is rebounding from oversold levels, suggesting buyers are gradually regaining control.
If confirmed, this move could mark WLD’s outperformance versus Bitcoin in the near term, reinforcing its broader recovery narrative highlighted in USD markets.
Yashu Gola is a crypto journalist and analyst with expertise in digital assets, blockchain, and macroeconomics. He provides in-depth market analysis, technical chart patterns, and insights on global economic impacts. His work bridges traditional finance and crypto, offering actionable advice and educational content. Passionate about blockchain's role in finance, he studies behavioral finance to predict memecoin trends.