Worldcoin (WLD) holders have had a rough few days with a 17% value drop in just three days, but analysts suggest a potential 20% price bounce this week. Despite prevailing bearish trends in broader analysis, a short-term rally might be on the horizon for savvy traders, spurred by easing selling pressure and whispers of a Visa partnership potentially boosting market sentiment.
Bearish signals dominate Worldcoin’s charts, particularly on daily and 4-hour views, confirming strong seller control. Since early 2025, WLD has been in a bearish market structure, a downturn that intensified when it breached the $2 mark – erasing the gains from a two-month rally at the end of 2024, mirroring the fate of many altcoins. The $1 mark, previously a comfortable floor, is now acting as resistance since late February. Further dampening long-term bullish hopes, the $1.5 zone, once a demand area, flipped into a supply zone back in January.
However, zooming into the 4-hour chart reveals a possible silver lining for short-term traders. Worldcoin has been consolidating for three weeks, carving out a range between $0.81 and $0.97. Even though recent steep declines pushed the 4-hour RSI down to 29, hitting oversold territory, a bullish reversal could be brewing. Key support around $0.81 is expected to hold, as on-balance volume (OBV) hasn’t sunk to new lows, hinting at underlying buying interest ready to defend the range bottom.
Therefore, despite the overarching bearish signals, Worldcoin might just be setting up a swing trade opportunity. The anticipated 20% price upswing is predicated on a bounce from the $0.8 support level, making it one to watch for those looking to play the short-term crypto waves.