Worldcoin Cracks Support at $0.33
Worldcoin (WLD) has plummeted to $0.33, a level Alvin Lang predicted would be its target zone. The cryptocurrency's price has broken through the lower Bollinger Band and is now in oversold territory according to short-term oscillators.
The technicals are sending mixed signals. On one hand, WLD's bearish macro structure is clear: it has closed below the lower Bollinger Band, with a %B reading of -0.064. The MACD is pinned against its signal line with a histogram at zero, indicating exhausted momentum.
However, short-term oscillators are oversold, and the daily ATR of $0.03 suggests a slow grind rather than a panic liquidation cascade.
The derivatives data shows that longs are getting liquidated, not shorts building conviction. The funding rate is mildly negative, but not extreme enough to manufacture a violent squeeze. Smart money, however, appears to be positioning for at least a short-term floor around $0.33.