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Home » Worldcoin (WLD) Price Down 97% From ATH — Top Reasons Why the Downtrend Still Isn’t Over
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Worldcoin (WLD) Price Down 97% From ATH — Top Reasons Why the Downtrend Still Isn’t Over

April 28, 2026No Comments4 Mins Read
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Worldcoin (WLD) Price Down 97% From ATH — Top Reasons Why the Downtrend Still Isn’t Over
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Worldcoin is down over 97% from its highs, yet it has failed to trigger even a basic relief rally. Bearish pressure has intensified since September 2025, with the price dropping nearly 85% from local highs around $2.20, signaling sustained weakness and a lack of demand.

The absence of a meaningful bounce is the bigger signal. WLD price remains pinned below key levels, with every recovery attempt fading into persistent sell pressure. This raises a critical question: can Worldcoin initiate a rebound, or does the current structure point to a prolonged downtrend?

Worldcoin Price Maintains a Strong Downtrend

Worldcoin (WLD) continues to trade within a well-defined descending channel on the higher timeframe, reinforcing a sustained bearish structure. Price has consistently respected the channel boundaries, with each rally failing to break above the upper trendline, confirming continued seller control.

The formation of lower highs and lower lows remains intact, with recent price action drifting toward the lower boundary of the channel near $0.20–$0.25. This area is acting as immediate support, but the lack of a strong reaction suggests weak accumulation and limited buying interest.

Worldcoin (WLD) Price Down 97% From ATH — Top Reasons Why the Downtrend Still Isn’t Over

Momentum indicators further support the bearish bias. The RSI remains below the neutral 50 level, hovering near oversold territory without showing a strong reversal signal. Meanwhile, the Chaikin Money Flow (CMF) stays in negative territory, indicating persistent capital outflows and reinforcing the lack of sustained demand.

Unless WLD breaks above the descending channel resistance—currently near the $0.80–$1 range—the broader trend remains firmly bearish. A breakdown below the $0.20 support zone could accelerate downside pressure, confirming continuation rather than reversal.

Top Reasons Why WLD Price May Not Trigger a ‘Relief Rally’

WLD’s inability to rebound is not just technical—it is structurally driven by persistent supply pressure and weak holding demand. Here are the key reasons why a meaningful recovery remains unlikely in the near term:

  • Core structure remains flawed: WLD launched with a very low circulating supply and an extremely high fully diluted valuation (FDV), while emissions are tied to user growth. As a result, early price discovery occurred on a thin float rather than real supply.
  • Token distribution adds long-term pressure: Around 75% of the supply is allocated to the community for gradual distribution, while the remaining 25% is reserved for the team and investors, unlocking over time.
  • Supply expansion continues to weigh on price: WLD launched with a total supply of 10B but only ~100M–143M in circulation, which has now expanded to over 3.3B. Each new user introduces a fresh supply, and with weak holding incentives, much of it is quickly sold, adding constant selling pressure.
  • Unlock overhang limits upside: Ongoing token unlocks create a psychological supply overhang. Even without visible dumping, expectations of future supply suppress price, while OTC deals may indirectly add to circulation.
  • Float illusion distorts valuation: The gap between circulating and total supply makes market cap appear smaller than the actual economic value being priced. This is why WLD can rally sharply on low float but tends to fade gradually.

This structural imbalance explains why WLD continues to form lower highs within its descending trend, keeping price pinned below resistance and preventing any sustained rebound.

WLD Price Outlook: Key Scenarios Ahead

Worldcoin price remains structurally bearish, with the next move dependent on key levels. As long as the price stays below $0.80–$1, the downtrend is likely to persist. Continued rejection could keep WLD near the $0.20–$0.25 support, with a breakdown opening further downside.

If $0.20–$0.25 holds, the price may range. However, without strong demand, this is likely a pause within the downtrend, not a reversal. Besides, a decisive reclaim of $1, supported by strong momentum, could weaken the bearish structure. Confirmation would require higher highs on higher timeframes.

WLD’s structure continues to favor downside. Until demand absorbs supply and key resistance is reclaimed, any bounce is likely to remain corrective rather than a sustained recovery.

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