WLD Price Teeters at $0.40 Resistance Ahead of Crucial Breakout

Worldcoin's WLD token traded at $0.38 after a brutal -6.74% session, just below its upper Bollinger resistance at $0.40 with flat momentum.

Rongchai Wang notes that the price closed above every major moving average on the daily chart, forming a compressed support shelf directly beneath current price.

The immediate setup is crucial as WLD needs to break through the $0.40 resistance ceiling to avoid bears reclaiming the chart.

Derivatives market positioning shows top traders are 64.1% long against 35.9% short, while retail mirrors that posture at 60/40 long.