Worldcoin’s Technicals Reveals 10%–34% WLD Price Plunge Setups

Worldcoin’s WLD token could erase a large portion of its latest rebound after failing to sustain a breakout above a rising resistance trendline.

As of Aug. 10, WLD was trading near $0.339, down sharply from its intraday high around $0.354. The rejection has appeared near a confluence of technical resistance levels, increasing the probability of a pullback toward $0.30.

WLD Broadening Formation Points Toward $0.30

WLD’s four-hour chart shows what appears to be a right-angled ascending broadening formation, characterized by a rising upper trendline and relatively flat support near $0.299–$0.300.

WLD briefly broke above the formation’s upper boundary on Aug. 10 but was quickly rejected near $0.35–$0.355, where its 200-period EMA and 1.0 Fibonacci level converge.

The failed breakout raises the risk of a pullback toward the $0.318–$0.326 support cluster. A breakdown there could send WLD toward the formation’s lower boundary near $0.30, also close to the 1.618 Fib extension at $0.2996.

That would imply an approximately 11%–12% decline from current levels. A decisive reclaim of $0.355 would invalidate the immediate bearish setup.

WLD Descending Channel Targets $0.225

WLD’s daily chart reinforces the bearish outlook, with the token continuing to trade inside a descending parallel channel that has guided prices lower since the June peak near $0.65.

The latest rebound toward $0.34 is now testing the channel’s upper trendline alongside the 0.236 Fibonacci level at $0.3441, creating another potential rejection zone.

A renewed pullback could send WLD toward the channel’s lower boundary over the coming weeks. That support is gradually converging with the 0.0 Fibonacci retracement level near $0.2254, implying a potential decline of roughly 34% from current prices.

A decisive breakout above the channel would invalidate the bearish setup.