Worldcoin Price Stuck at $0.40: Bullish Structure Intact Amid Taker Sell Pressure
The price of Worldcoin (WLD) has been stuck at $0.40 for an extended period, despite institutional investors being heavily long on the asset.
A closer look at the technical charts reveals that WLD is parked above its seven-day simple moving average (SMA), with a comfortable cushion above both its SMA 50 and SMA 200.
The MACD histogram has printed flat zero, indicating a momentum stall rather than a bearish reversal signal. The Relative Strength Index (RSI) sits at 58, suggesting that buyers have not blown themselves out but are refusing to commit above the $0.41 pivot.
Bollinger Band positioning adds context, with WLD grinding in the upper quadrant of its band close to the $0.43 upper band. This setup is likely to resolve violently within 48-72 hours once the trigger gets hit.