Worldcoin has experienced strong fluctuations after a failed recovery attempt that ended in a massive sell-off across the market. In the last 24 hours, WLD has fallen by 21%, following broader weakness in digital assets.

Most investors faced

Worldcoin holders are accumulating

The initial surge in Worldcoin led to aggressive accumulation by holders. Over a three-day period, investors added around 13 million WLD, valued at 6 million dollars. This activity reduced the circulating supply and briefly supported the price. Often, accumulation indicates confidence during the early stages of recovery.

Derivative data provided insight into how traders anticipated the decline. The funding rate for Worldcoin became significantly negative. Funding rates reflect the balance between long and short contracts. Negative values mean that short position owners pay long position holders, indicating a dominance of short positions.

Worldcoin was trading near $0.46 at the time of writing this report. The token held a support level at $0.44 after a 21% drop. The sell-off followed a failed attempt to break a bearish trend that has persisted for a month. This rejection confirmed the existence of a lasting resistance that limited bullish momentum.

Current indicators suggest mixed sentiment. The accumulation by holders contrasts with bearish derivative positions. This balance suggests that consolidation is occurring instead of an immediate continuation of the trend. WLD is likely to trade between $0.47 and $0.44 in the short term. A stronger influx of buyers is needed to restart the increase.

The risk of decline persists if broader market conditions worsen. Ongoing negative signals could pressure the price of Worldcoin to $0.44.