Worldcoin Price Faces 50% Drop Amid Privacy Concerns

Worldcoin, a cryptocurrency project, is facing significant challenges that could lead to a sustained downward pressure on its price. One of the primary concerns is the controversy surrounding its core concept of universal digital identity. Vitalik Buterin, a prominent figure in the crypto space, has expressed his concerns about the potential threat to pseudonymity that platforms like Worldcoin pose. Buterin argues that Worldcoin’s “one-person-one-ID” system could gradually erode the freedom users have to operate under multiple pseudonymous profiles, which has been a defining feature of internet and crypto culture for decades.

Buterin’s critique is not merely philosophical; it has practical and political implications. The potential for regulatory pushback and user distrust is high if millions of people realize that linking their entire online footprint to a single biometric ID makes them vulnerable to surveillance or coercion. This could lead to a stall in adoption and a potential exit of those who already hold WLD tokens. The promise of universal proof-of-personhood loses its appeal if the trade-off is an irreversible erosion of online privacy.

Buterin’s warning about coercion highlights a deep weakness in Worldcoin’s pitch. If governments, employers, or large platforms can force people to link all their online activities to one World ID, that ID becomes a single point of failure. Any breach, misuse, or abuse could expose a user’s entire digital life, shattering confidence in the system overnight. In the crypto world, trust is everything, and once trust erodes, token prices tend to follow.

The market also recognizes that Worldcoin is not the only solution to fake accounts and bots. Buterin’s “pluralistic identity” vision offers a compelling alternative, where multiple tools—social graphs, wallets, passports, biometrics—coexist. If developers and users flock to this more flexible approach, Worldcoin’s core utility could weaken, dragging its token value down with it.

Additionally, Worldcoin’s expansion of partnerships and push for mass adoption at a time when questions about surveillance and privacy are escalating could amplify reputational risks. A single privacy scandal—whether real or perceived—could trigger a sell-off. For traders watching the charts, these fundamental headwinds reinforce what the technicals already hint at: unless Worldcoin can address deep concerns about anonymity and misuse, its price may struggle to hold key supports and could continue sliding below the $0.80 mark.

The daily Heikin Ashi chart for Worldcoin (WLD) price shows a persistent downtrend since its peak in early May, where WLD touched nearly $1.80. The price has since halved, now consolidating near $0.88. The candlesticks show a tightening range, hinting at an imminent move. The lower highs and weak bullish candles suggest that sellers still dominate.

The Relative Strength Index (RSI 14) sits at around 40.22, with the average line around 36.92. An RSI below 50 indicates prevailing bearish momentum. Notably, during the last bounce in late April, RSI crossed above 70, which marked the temporary top near $1.80. Since then, the RSI has consistently failed to break above 50, a clear sign that bulls lack strength. If RSI drops below 40 again and touches the oversold region (below 30), we could see a sharper sell-off. Statistically, the last time RSI dropped from 45 to 30, WLD price fell by around 35% in ten days. If we apply a similar percentage drop from the current level of $0.88, the projected price could test the $0.55 zone.

The chart shows key horizontal support levels around $0.80, $0.65, and $0.55. The $0.80 level has acted as a psychological support in the last two weeks. If the price closes below this level with strong volume, it could trigger a slide to $0.65. Heikin Ashi candles are showing smaller bodies with lower wicks, indicating indecision. Such patterns often precede a breakout or breakdown. If the next few daily candles open and close below $0.85, it would strengthen the bearish thesis.

Although the overall sentiment is bearish, a sudden push above $0.90 could invalidate this downside scenario. To regain bullish momentum, Worldcoin price must close and hold above the $1.00 resistance level with increasing volume. The RSI must also break above 50 and ideally trend toward 60–70 to confirm a sustainable reversal. However, given the weak RSI, continued lower highs, and lack of bullish news, such a move seems unlikely in the short term.

Based on the current daily chart, the dominant trend remains downward. Unless there is a strong bullish catalyst, Worldcoin price is more likely to test the $0.80 support soon. If it breaks, the next likely target is $0.65–$0.55 in the coming weeks. Investors should watch the $0.80 support and RSI levels closely for confirmation. If RSI falls toward 30 again, expect sellers to push WLD price further down. Any close above $0.90 could hint at a short-term bounce, but sustainable upside remains capped unless a strong reversal pattern forms.