Worldcoin (WLD) price is trading at $0.2602, marking a 3.77% decline on the day. The cryptocurrency is now facing intense pressure as the lower boundary of a six-month descending channel converges directly on its price, with the all-time low of $0.2415 representing the final support floor before uncharted territory.
The technical picture is stark. The daily Supertrend indicator at $0.3088 has acted as a rolling resistance ceiling, rejecting every recovery attempt. Worldcoin has not managed a sustained daily close above this level since late 2025. The Moving Average Convergence Divergence (MACD) line sits at -0.0263, with the signal line at -0.0375; both remain below zero despite a marginally positive histogram reading of 0.0012. This indicates downward momentum has slowed but not reversed.
A confirmed daily close below $0.2415 would establish a new all-time low for WLD, opening the next downside target at the psychological $0.20 level, with no established historical support in between. The descending channel, defined by two parallel downward-sloping trendlines since October 2025, has its upper boundary near $0.4052.
Fundamental and on-chain factors are adding to the selling pressure. Data from Nansen shows the total balance of WLD held on centralized exchanges surged over 25% to approximately $742 million in the week ending March 27. This increase was partly driven by the Worldcoin team moving roughly $26 million worth of WLD to exchange wallets, elevating near-term selling risk. Furthermore, Binance delisted COIN-M futures for WLD in early April, removing a key leveraged trading venue and reducing derivatives liquidity.
Despite a significant disclosure by Nasdaq-listed Eightco Holdings of a 277 million WLD position (worth ~$326 million) on April 2, the market showed no sustained positive response, underscoring the depth of sell-side pressure. Analyst @bpaynews noted on X that WLD "eyes a move near $0.30 as momentum stays bearish on MACD," highlighting key levels to watch at $0.30 or $0.25.
The bearish bias remains firmly in place until WLD can reclaim the Supertrend resistance at $0.3088. A break above this level would be the minimum required for a structural shift, potentially opening a path toward the channel's upper boundary near $0.4052.
