Worldcoin continues its slow grind lower, trading at $0.45 as the market shows little appetite for the "Proof of Personhood" tokenomics.
What's Happening:
Price drifts to $0.45, nearing all-time lows
Predictions suggest further downside to $0.38
Regulatory pressure in various jurisdictions remains a headwind
AI-identity narrative losing steam amidst broader bear market
Why It Matters: WLD has a massive supply overhang (low float, high FDV). Without a raging bull market to absorb the inflation, gravity is taking over. The tech is ambitious, but the tokenomics are challenging.
Technical View: $WLD is in falling wedge. Support is "theoretical" at these lows. $0.40 is the next level to watch. Upside is capped at $0.50.
🎯 Key Levels:
Support: $0.40 | Resistance: $0.50
24h Range: $0.44 - $0.46
💡 Identity is valuable, but is the token?
What's your take? Drop a 🔥 for bullish, ❄️ for bearish 👇
#Worldcoin #WLD #ProofOfPersonhood #UBI #Crypto
Disclaimer: This content is for educational purposes only and should not be considered financial advice. Always do your own research (DYOR) before making any investment decisions.
