WLD Token Stuck Below Key Resistance: Will Bulls Break Through or Bears Take Control?

Worldcoin's WLD token is currently trading at $0.38 after a significant drop of -6.74% in a single session.

The price has been pinned below the upper Bollinger resistance at $0.40, with momentum running flat on the MACD chart.

Rongchai Wang notes that despite the intraday flush, WLD closed above every major moving average on the daily chart, forming a compressed support shelf around $0.36 to $0.37.

However, the immediate setup is critical, as the upper Bollinger Band and resistance converge at $0.40, making it crucial for WLD to break through this level within the week or risk bears reclaiming the chart.