Bearish Grip Tightens: Worldcoin Trades Below $1.65 With Volume Up and Support Zones Still Active

WLD remains constrained by a long-term descending trendline, rejecting multiple breakout attempts.

Buyers continue to defend the key support zone near $0.748–$0.771, preventing deeper losses.

A 10.94% volume surge to $243M suggests market activity is increasing even as price and market cap fall.

Worldcoin (WLD) continues to trade below a falling trendline that has capped upward price action for several months. As of July 29, 2025, WLD was trading at $1.11, recording an 9.01% daily decline. The chart shows a clear bearish structure, with the price consistently rejecting attempts to cross the trendline

Source: CoinMarketCap

Despite the current weakness, volume over the last 24 hours rose by 10.94%, reaching $243.65 million. Market capitalization now stands at $2.03 billion, also reflecting an 8% drop. An unlocked market cap of $4.04 billion remains significantly higher. WLD’s current support lies at $1.09, with immediate resistance noted at $1.23.

Although price declined by 8.3%, trading volume increased, reflecting higher activity. Daily volume climbed above $243 million, showing renewed market engagement. This volume uptick, however, has coincided with a declining market cap, down to $2.03 billion.

Resistance Holds as Price Remains Under Downward Pressure

Since its peak near $28,000, WLD has followed a consistent downward pattern. The trendline currently limits upward momentum, forcing repeated rejections. A decisive close above the $1.65 level would break this trend, marking a shift in price structure. However, until that happens, any upward attempts remain technically constrained

Resistance levels to monitor after a breakout include $2.20, $4.17, and $6.55, as shown on the provided chart. The largest resistance remains near $11.94, though price has yet to approach this zone in the current cycle. The failure to cross above $1.65 has kept the market within a defined bearish trend. Any short-term movement remains tied to this structural ceiling. As long as price respects this trendline, breakouts remain invalidated.

Support Zone Remains Intact as Buyers Defend Key Levels

The chart highlights a blue support box ranging from approximately $0.748 to $0.771. This zone has seen consistent buying interest, preventing deeper losses. Notably, the lowest marked level at $0.573 reflects the last major support before a possible continuation of the decline. The current price remains above this region, suggesting buyers have managed to stabilize conditions temporarily.

With this zone holding firm so far, the possibility of another move toward $1.65 remains viable. However, a failure to maintain support within this blue box could increase selling momentum. This context is critical when assessing whether WLD can challenge the descending trendline once again. Until WLD closes decisively above $1.65, the trend structure remains intact and continues to direct short-term action.