Worldcoin (WLD) is trading at $0.84, continuing its downward trend with bearish momentum in the broader crypto market.
On the 4-hour chart, WLD remains below key resistance levels, including the 9 EMA and major SMAs.
Bulls are defending the $0.84 demand zone, but a failure here could lead to a drop towards $0.80.
Recovery above $0.91 and $0.94 is crucial to change momentum, yet weak volume persists.
WLD faces strong rejection at $0.94 resistance, struggling to breach key levels.
Moving averages, like the 20, 50, 100, and 200 SMAs, emphasize the bearish structure on the 4-hour chart.
The $0.84 demand zone is critical, with potential further downside if bulls fail to hold; $0.80 is the next support level.
For a shift in momentum, bulls need to surpass the 9 EMA and key resistances at $0.91 and $0.94, but lack of catalysts and volume hinders upside potential.
WLD struggles to break above resistance zones at $1.14, $1.02, and $0.94, facing rejection and downward pressure.