Worldcoin’s $1.08 Duel: Bull or Bear?

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The old hands in the market whisper of numbers that dance like fireflies in the dark, but the price of Worldcoin clings to $1.08 like a stubborn mule refusing to cross a creek. 🐴

Traders, like farmers watching the sky, wait to see if the storm will break. Will WLD rise, or will it fall, leaving their hopes as dry as the dust of the Great Depression? 🌾

Worldcoin Price Faces $1.08 Barrier as Trendline Signals Bullish Setup

Worldcoin (WLD) Price has encountered strong resistance near the $1.08 level after a brief recovery from recent lows. While the token has shown signs of stabilizing above $1.03, price action remains indecisive in the short term. Market participants are now focused on whether WLD can reclaim key resistance and establish a bullish continuation. 🌬️

At press time, Worldcoin is trading at $1.07, down 3.63% over the past 24 hours. The latest dip followed an early decline to $1.03, from which the price rebounded moderately. Volume for the period remains steady at $216.9 million, while the token’s market cap hovers around $1.94 billion, suggesting consistent trader engagement amid fluctuating market sentiment. 🧠

Analyst Identifies Daily Support Zone Around $1.00

Crypto Chiefs has marked a crucial daily support and resistance zone for WLD between $0.94 and $1.00. This range previously acted as a key area of consolidation in late June and early July, serving as a base before WLD broke out into its latest rally. With the current retracement from the $1.30 range, this support zone may be retested in the coming sessions. 🏚️

Should the price move back into this band, traders will be watching for stability or further weakness. A hold above the $0.94 level may trigger renewed buying interest, while a breakdown below it could shift attention to earlier support levels seen around mid-June. The zone now serves as a reference point for traders assessing short-term trend continuation or potential reversal. 🌪️

Ascending Trendline Forms on 15-Minute Chart

Another Crypto analyst has highlighted a short-term ascending trendline forming on the 15-minute chart, aligning with a horizontal resistance near $1.08. The analyst suggests that a break and hold above this level could lead to a push toward $1.10 and higher in the near term. WLD is currently testing this resistance, trading just below the threshold. 🌾

The short-term structure remains supported by higher lows, indicating some level of buyer presence. If the trendline holds and buyers push through the resistance range, it could trigger renewed momentum. 🚀

However, a failure to close above $1.08 may lead to renewed pressure and possible retests of lower price levels. Traders are closely observing the trendline and horizontal barrier as the next inflection zone. 🧭

Market Watch: Traders Assess Recovery Strength

Worldcoin’s price action continues to show intraday volatility, with several attempts to reclaim lost ground encountering resistance. The price briefly recovered from lows of $1.03 but met selling interest near the $1.08 mark, which has become a short-term ceiling. The asset’s failure to close above this resistance has left the trend undecided for now. 🐴

Despite the recent decline, the ongoing volume suggests that traders remain active in this range. The market’s next direction may be influenced by whether buyers can maintain support above $1.03 and challenge the $1.08 barrier. A close above that level could signal continuation of the current trend, while weakness below it may prompt further downside exploration. 🌫️

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2025-07-31 00:56