Recent indicators suggest Worldcoin may be forming a base after a bearish phase, with reduced selling pressure and signs of a potential recovery.
Market sentiment is shifting based on the correlation between Worldcoin price and funding rates, indicating a cooling market with less speculative activity.
Market activity has stabilized after a sharp decline, with Worldcoin transitioning into a potential bottoming process marked by decreased speculative participation.
Technical indicators like RSI hovering near 43 and a potential bullish MACD signal suggest a possible upside for Worldcoin if the price remains above $0.865 and volume increases.