Worldcoin Volatility Surges Amid Regulatory Crackdowns and Technical Rebound

Worldcoin (WLD) faced a tumultuous period with a 14% price crash in 24 hours, driven by global regulatory pressures and token unlocks, before rebounding sharply from key support levels. The decline occurred as the broader crypto market fell approximately 9%, with Bitcoin dipping below $80,000.

Regulatory crackdowns intensified, with Colombia ordering the immediate deletion of biometric data collected from its nationals, while the Philippines and Thailand issued cease-and-desist orders, halting Worldcoin's operations and airdrop initiatives. Additionally, the unlock of 37 million WLD tokens, valued at over $25 million, exacerbated sell pressure, with 42% of the total supply (4.25 billion WLD) still locked.

Technical indicators highlighted bearish momentum, including WLD trading below a slanting trendline over three months, a negative MACD, and a Cumulative Volume Delta of -$10.71 million, indicating dominance by short sellers. However, the price rebounded from the $0.63–$0.65 support zone, a level that has consistently acted as a floor. Analysts like TopGainerToday called WLD a 'top gainer' and predicted it could 'go above $1 very soon,' while Waleed Ahmed identified a $4.40 target based on weekly resistance not tested since 2024.

Liquidation heatmaps showed over $1.5 million clustered near $0.63, suggesting potential for an upward move if bulls reclaim the $1 level, which could open a path to $2.00–$2.50 with minimal resistance.