Worldcoin price is currently around its lowest support level since its launch in July 2023. This critical juncture could represent a significant accumulation point before the next potential upward movement. The zone between $0.9 and $1 appears particularly noteworthy as a potential “buy the dip” opportunity for investors.
The current price action bears a striking resemblance to Worldcoin performance in September 2023. Based on chart analysis, WLD token is trading near its historical support zone around $0.9 to $1, which previously served as a foundation before the substantial rally that occurred in late 2023.
Price Analysis for WorldCoin
The price is now retesting its original accumulation range from July to September 2023, an area where buyers previously showed strong interest. If this support holds firm, it could function as a liquidity zone that fuels another upward movement.
The similarities to September 2023 are notable, as the price consolidated in a similar pattern before breaking out to higher levels.
Risk-Reward Assessment for WLD Price
From a risk-reward perspective, if the $0.9 to $1 range proves to be a strong demand zone, this could present an attractive entry point for traders anticipating another rally.
Read Also: Analyst Predicts Worldcoin (WLD) Price May Reach $1.60 Soon If Crucial Support Holds
However, investors should remain cautious, as a breakdown below this level would invalidate this thesis and potentially lead to further price declines. A weekly close above $1.20 might indicate that demand is picking up again. Conversely, if the $0.9 support breaks, attention should shift to identifying lower support levels.
