Worldcoin (WLD) has been experiencing ongoing selling pressure since mid-December. Its price has dropped over 56% and wiped out all incredible gains acquired in the November 2024 bull run.
This sharp decrease has left traders with uncertainty. However, the asset is currently showing some signs of a price reversal. According to data reported by crypto trader Ali Martinez, WLD is displaying indicators of a potential recovery.
Worldcoin shows a buy signal
Today Ali reported a TD Sequential chart showing that Worldcoin is indicating multiple buy signals in a weekly timeframe. These indicators signal the asset’s ongoing bearish trend could be weakening, making this a potential time to consider buying the token.
The chart shows WLD is in a downward momentum. The black “9” candle represents a buy signal showing the bearish trend may be coming to an end and prices could be preparing for a recovery.
WLD’s buy signals appear at $1.286 according to Ali’s chart, suggesting this is a potential entry point for investors seeking to take advantage of an imminent Worldcoin price recovery.
WLD price updates
Worldcoin has been witnessing a downward trend since late last month. Its price has been steadily declining as time goes by. Dec.16, 2024, was the time when the asset experienced the most recent best high price of $3.0470. Since then, the token has been seeing a gradual decline. On Jan. 26 2025 was the time it recorded a price above the $2.00 level ($2.0993). Since then, it has been gradually falling. Until recently, it has been consolidating between $1.2 and $1.3.
This shows that the asset has been experiencing increased selling pressure as whales and traders recoup profits, contributing to a significant drop in the token’s price. Selling activity has been continuous as many investors are reclaiming profits.
The absence of adequate buying activity rendered the asset’s price weak and resorted to entering into a correction phase. Despite the selling pressure, the asset found support at around $1.2 level, which has been established to be a key price base. Technical analysis shows the asset has tested the support level several times, highlighting sustainable buying activity around this area.
Minor increases in buyer interest have been noticeable in the past seven days. This explains the reason the asset saw a modest rise of 1.4% over the past week.
The recent formation of the ascending parallel pattern shows a decrease in bearish momentum. The asset is seeing a reversal in its downtrend as buying interest rebounds.
Today, the token’s value rose by 5.6% over the past 24 hours, currently standing at $1.29. This shows a price recovery, with the potential to challenge the $1.33 resistance level. If the asset can successfully cross above $1.33, it could set a foundation for a rise to $1.84 and a bullish momentum.
