Worldcoin (WLD) Drops 17.65% in 72 Hours – Can $0.80 Support Trigger a Short-Term Rebound?

Worldcoin (WLD) Drops 17.65% in Three Days – Is a Rebound on the Horizon?

Worldcoin (WLD) has faced a steep decline, shedding 17.65% of its value in less than 72 hours. A closer look at technical indicators suggests that the higher timeframe trend remains bearish, leaving long-term investors uncertain about a recovery.

However, for short-term traders, a potential buying opportunity may be emerging—especially with speculation about a possible partnership with VISA, which could shift market sentiment in the coming days.

WLD Faces Strong Bearish Pressure but a Bounce from $0.80 Support is Possible

WLD Struggles Below Key Resistance Levels

WLD has been in a persistent downtrend since early 2025. The 1-day chart reveals that the $1.00 level was flipped into resistance in late February, reinforcing the bearish market structure.

Even before that, the bullish order block at $1.50 (marked in red) turned into a supply zone in late January, crushing the hopes of long-term holders. This was a key turning point, signaling a major shift in sentiment.

Bearish Trend Since Early 2025 – WLD’s drop below $2.00 in January confirmed a long-term bearish market structure. This level was significant, as it represented the higher low from November 2024, which fueled the rally toward the end of last year.
Momentum Indicators Confirm Downtrend – The Relative Strength Index (RSI) has remained below 50 since mid-January, confirming persistent bearish momentum. The On-Balance Volume (OBV) is also in a downtrend, indicating steady selling pressure.
Signs of Accumulation? – Over the last three weeks, OBV has picked up slightly, suggesting some accumulation despite the larger downtrend. The RSI has also corrected from oversold conditions but has not confirmed a trend reversal yet.

At press time, WLD’s technical structure remains bearish, but a key support level around $0.80 could trigger a short-term bounce.

WLD’s 4-Hour Chart Highlights a Key Range Formation

While the broader trend remains bearish, the 4-hour timeframe offers some clues for short-term traders.

A Potential Rebound from $0.80?

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The past three weeks have seen WLD consolidate between $0.81 and $0.97, forming a clear range structure (marked in purple). The mid-range level at $0.89 has acted as both support and resistance throughout March, making it a crucial price point.

Recent losses pushed the RSI to 29, signaling deeply oversold conditions. Historically, this level has led to temporary bounces. Moreover, the OBV has not broken below its previous local lows, indicating that sell pressure has not significantly increased despite the price drop.

Key takeaways from the 4-hour chart:

Strong range support at $0.80-$0.81 – This area has held firm over the past few weeks. A bullish defense of this level could trigger a short-term rebound toward the $0.89 mid-range or even $0.97 resistance.
Oversold RSI suggests a bounce is likely – The RSI dropping to 29 indicates potential exhaustion in selling pressure, which may give bulls a chance to step in.
OBV stability hints at accumulation – The lack of a new OBV low suggests that large-scale sellers have not dumped WLD aggressively.

Worldcoin’s Near-Term Outlook: A Swing Trading Opportunity?

While long-term investors may remain cautious, swing traders could find an opportunity if WLD defends the $0.80-$0.81 support zone. The presence of range-bound price action and oversold indicators suggest that a bounce to $0.89 or $0.97 is plausible.

Additionally, if rumors of a potential partnership with VISA gain traction, market sentiment could shift bullish in the short term. However, until WLD reclaims the $1.00 level, the broader trend remains decisively bearish.

Key Levels to Watch

Support: $0.80 - $0.81
Resistance: $0.89 (mid-range), $0.97 (range high), $1.00 (major resistance)
Bearish invalidation: A daily close above $1.00 could indicate a trend shift

Final Thoughts

Worldcoin is still in a strong downtrend, but short-term traders might find an opportunity near the $0.80 support level. A temporary relief bounce to $0.89 or higher is possible, especially if sentiment improves. However, for a true bullish reversal, WLD must break back above $1.00 and sustain momentum.

Traders should keep an eye on volume trends, market sentiment, and potential fundamental catalysts—especially any confirmed developments regarding VISA’s involvement with Worldcoin. Until then, caution is advised, and risk management remains crucial.

Milcho Atanasov publication: "Worldcoin (WLD) Drops 17.65% in 72 Hours – Can $0.80 Support Trigger a Short-Term Rebound?" was written for 24crypto.news