Worldcoin Falls 9.01% as Bearish Trendline Constrains Gains

Worldcoin (WLD) remains trapped beneath a well-defined descending trendline that has consistently curtailed upward momentum over the past several months. As of July 29, 2025, the token traded at $1.11, marking a 9.01% decline for the day. The price structure remains bearish, with repeated attempts to break through the trendline failing to gain traction, signaling a lack of conviction among buyers [1].

Despite the downward price pressure, market activity has surged, with a 10.94% increase in 24-hour volume to $243.65 million. However, this uptick in trading volume has coincided with a further drop in market capitalization, which now stands at $2.03 billion—down 8% in the same period. The unlocked market cap remains at $4.04 billion, highlighting the potential for future price movement if the trendline is breached [1].

Currently, WLD faces immediate resistance at $1.23 and key support at $1.09. A decisive close above $1.65 would mark a significant structural shift, breaking the bearish pattern and opening the door to higher resistance levels such as $2.20, $4.17, and $6.55. The largest resistance zone remains near $11.94, though WLD has yet to approach this level in the current cycle. Until a sustained move above $1.65 occurs, the bearish trend will continue to dominate price behavior [1].

Buyers have shown resilience in defending a key support zone between $0.748 and $0.771, which has prevented further price erosion. This area has seen consistent demand, and as long as it holds, the possibility of a move back toward $1.65 remains intact. A breakdown below this support zone could trigger renewed selling pressure and extend the downward trajectory, making it a critical area to monitor [1].

The inability to move above $1.65 has maintained WLD within a defined bearish framework. The trendline continues to act as a ceiling for price action, and without a sustained breakout, the market is likely to remain constrained. Analysts and traders are closely watching for a confirming close above this level, as it would signal a potential reversal in sentiment and open the door to more aggressive bullish moves [1].

Source: [1] Bearish Grip Tightens: Worldcoin Trades Below $1.65 With Volume Up and Support Zones Still Active (https://cryptonewsland.com/bearish-grip-tightens-worldcoin-trades-below-1/)