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A newly-created wallet withdrew 10,07M WLD (Wild) from Binance, causing fears of a large off-exchange dump.
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Worldcoin broke out of an ascending wedge, confirming a downward shift. $0.580 and 0.347 are possible targets.
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The RSI and MACD are not showing signs of reversal. Any bullish invalidation depends now on reclaiming the $1.623.
Worldcoin (WLD), but not for the reasons its owners would prefer. CoinMarketCap data show that the token’s price recently dropped to $0.9492. This is a drop of over 7% in one day, while its trading volume grew by 86.41%.
While large withdrawals from new addresses are not always bearish in nature, they can indicate that a large holder may be preparing to make off-exchange sales, such as OTC, which could precede a price decline.
Whale Withdrawal Prior to Bearish Technical Breakdown
According to Onchain Lens a newly created wallet withdrawn 10,07 million WLD from Binance (worth approximately $9.51million).
While not necessarily bearish, large-scale withdraws, especially those from newly formed addresses can indicate preparations for non-exchange transactions such as OTC or private custody. This could signal a reduced market confidence, or an intention to offload in a less transparent way.
These transfers often precede either major dumps or market-making accumulations, and are often not noticed by investors.
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The WLD Price Prediction: An Overview of the Downside Targets
WLD’s recent price breakdown was from an ascending widening wedge. This is a notoriously volatile, unreliable and bullish continuation pattern which often turns bearish when momentum weakens.
Analyst MyCryptoParadise said that WLD printed Change of Character (CHOCH), as it broke beneath the wedge’s bottom boundary, confirming structural shift from accumulation towards distribution.
The breakdown was then followed by a classic test of the supply zone, between $1.069 to $1.125. WLD failed in its attempt to reclaim this area, strengthening the bearish argument.
Related:WLD price tests resistance following Worldcoin’s major USDC partnership with Circle
According to the analysis key downside targets include:
- $0.847 – a support level where the price may pause.
- $0.580 — A deeper breakdown level in line broader bearish momentum.
- $0.347 – a macro support which could be revisited if the worst case scenario occurs.
A breakout above $1.623 would be required to invalidate this bearish structure. This seems unlikely at the moment without a major shift in narrative.
The Relative Strength Index is currently at 37.10. This indicates a slowing of momentum, but it has not yet entered oversold territory. There is still room for further decline before a possible bounce.
The MACD histogram also flatlines in negative territory with the MACD and signal lines both below zero. This confirms a sustained trend of bearishness with no imminent reversal signs.
Fibonacci levels: What the Bulls are Watching
If the buyers return, and WLD turns bullish and deceives investors, then a bullish breakout is likely to $1.32 (0.786% Fib), and then $1.52 (1.0% Fib). If momentum changes, and WLD manages a break through $1.656, then a rally towards $2.05 (1.618 extension Fib) could also materialize.
As shown in the chart, additional targets are $2.68 $3.32 and $3.72. However, these are not within reach without a macro-shift or strong fundamental catalyst.
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