Worldcoin (WLD) extended its recent decline, dropping 2.54% as of March 2, 2026. The altcoin is trading near $0.3825, as market participants watch critical support between $0.38 and $0.40.
Data sourced from CoinMarketCap shows WLD’s market capitalization fell 2.57% to $1.1 billion, while 24-hour trading volume reached $92.33 million.
The weekly performance indicates a 1.92% decline, reflecting sustained selling pressure. Despite this, the token’s price is consolidating within a falling wedge pattern, suggesting potential stabilization. Traders and analysts are monitoring this zone closely for early signs of a short-term rebound.
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Falling Wedge Maintains Strong Support at $0.38–$0.40
WLD is currently trading near the lower border of the falling wedge, which aligns with a strong support zone around $0.38–$0.40.
The support has held multiple tests, indicating buyer interest at these levels and limiting further downside risk in the near term.
The 3-day chart shows price consolidating within the wedge after a sharp decline. This compression near support suggests that momentum is shifting.
A breakout above the upper wedge line could trigger a bullish reversal, attracting buyers and creating a potential short-term rally.
If there is a breakout in WLD, the technical chart indicates that the levels for a potential recovery could be at $0.62, $1.40, $2.20, and $4.30, as indicated by crypto analyst Jonathan Carter. These levels correspond to the support and resistance points that have been established in the past.
RSI at 45.03 and MACD Suggest Mild Bullish Momentum
From a technical indicator perspective, Worldcoin’s RSI (14) is at 45.03, with the signal line at 44.56, indicating mildly neutral momentum.
This indicator suggests that the market is not overbought or oversold, hence a period of consolidation is expected. The market will have to break above 50 to confirm a bullish breakout.
The MACD line is set at -0.01135, and the signal line is set at -0.01518, with a small positive histogram of 0.00383. This indicates a small increase in momentum.
The histogram is slowly moving upward, indicating that there could be a small increase if the trend continues for a few days.
Why This Matters
Traders must monitor the support level of $0.38 to $0.40 for WLD, as the ability to maintain this level may trigger a short-term bullish reaction.
The RSI and MACD indicators suggest stabilization, which may be an indication that buyers will enter the market if WLD is able to maintain the current support levels.
Also Read: Worldcoin Faces Key $0.40 Support, Is $0.62 Next for WLD?