Worldcoin Faces Key $0.40 Support, Is $0.62 Next for WLD?

Worldcoin (WLD) extended losses on Wednesday, February 4, falling 3.33% over 24 hours as traders defended the crucial $0.40 support level amid persistent selling pressure across altcoins. The weekly decline of 12.09% keeps the short-term sentiment cautious despite improving activity in the wider crypto market.

At the time of writing, Worldcoin is trading at $0.4026, according to CoinMarketCap. Daily trading volume climbed 76.99% to $166.28 million, signaling increased positioning, while market capitalization slipped 3.41% to $1.12 billion during the same period.

Also Read: Worldcoin Price Analysis: Is $1.20 Within Reach for WLD?

Falling Wedge Keeps Breakout Hopes Alive

The three-day Worldcoin chart shows price compressing within a prolonged falling wedge, with buyers repeatedly defending the $0.40–$0.48 demand zone. Shrinking volatility near the pattern’s apex suggests a decisive move could soon emerge as liquidity builds around current levels.

According to the crypto analyst Jonathan Carter, A confirmed breakout above descending resistance could push WLD toward successive upside zones near $0.95, $1.20, $1.60, and $2.20, followed by heavier resistance around $3.50 and $4.30, where prior consolidations may trigger pauses.

Sustained momentum could later challenge the broader resistance range between $9.50 and $10.70 if market structure improves.

However, if $0.40 fails, the trend may turn towards $0.30 and $0.26, which will affect the bullish predictions and will push the trend downwards until a new accumulation builds up confidence.

Momentum Signals Keep Recovery Attempts Fragile

Looking at the weekly TradingView chart, the technical formation remains weak as it failed to move up to higher levels. The RSI is trading at 34, which is near the oversold region and indicates a decline in buying power and momentum in the downward movement.

However, this region may induce a temporary rally; but since the RSI is below 50, it indicates a bearish trend.

However, the MACD also suggests that we are in a bearish trend, as indicated by the fact that the MACD line is below the signal line, while the histogram is only slightly negative. The fact that the histogram is decreasing suggests that selling pressure is lessening.

Why This Matters

If the price continues to fall below the $0.40 mark, it could lead to a fall that could pave the way to $0.30, followed by $0.26. This could increase the risks faced by traders due to ongoing volatility in the market.

If the $0.40 mark is sustained, it could pave the way to a technical rebound that could see prices rising to $0.95, $1.20, and $1.60, thus creating opportunities for investors to buy into the market.

Also Read: Worldcoin WLD Jumps as OpenAI Biometric Plan Emerges