Worldcoin (WLD) traded near $0.38 in early US hours on Thursday, February 12, 2026, posting a 5% gain over 24 hours amidst modest cryptocurrency gains. However, the token remains in a downtrend, encountering strong resistance around the $0.40 mark. This level has proven a critical hurdle for bulls attempting to reverse a downward trend that accelerated in September 2025.
Recent price action has been volatile. Following Bitcoin's crash toward $60,000 and subsequent rebound to $70,000, WLD plunged to $0.32 on February 5 before swiftly recovering to $0.42 on February 7. As BTC revisited lows near $65,000, Worldcoin dropped to $0.36. Over the past week, bulls have repeatedly failed to breach the $0.40 resistance, with the token tapping intraday highs just under that level on increased trading volume.
The broader market outlook is downbeat, with weakened risk appetite driven by concerns over the US economy and diminished expectations for a Federal Reserve rate cut. This environment suggests sellers may maintain dominance.
Technical and derivatives data underscore bearish sentiment. Open interest in Worldcoin futures has dipped sharply to under $120 million, while the weighted funding rate sits at -0.0006%, indicating that short positions are paying longs—a sign traders are betting on further price declines. The token saw approximately $442,000 in total liquidations over 24 hours.
On the weekly chart, price action remains below key resistance, with the Relative Strength Index (RSI) at 33, signaling room for further downside. If resistance holds, downside risks point to a potential pullback toward support at $0.31, with the 2023 lows of $0.15 a longer-term bear target. Immediate resistance is at $0.40, with the next barrier in the $0.58-$0.64 zone.
