Karla Barker 
Worldcoin [$WLD] has been under intense selling pressure over the last 24 to 48 hours. The token fell by roughly 10% to 16% after hitting a multi-week high near $0.4146. At press time, it was hovering around the $0.30 zone, reflecting a sharp shift in market sentiment.
Initially, buyers drove $WLD from $0.2745 to $0.4146. The Relative Strength Index (RSI) surged above 80, confirming strong momentum. However, conditions changed rapidly after the peak formed.
The altcoin’s price sliced through the 78.6%, 61.8%, 50%, and 38.2% Fibonacci levels with little evidence of sustained demand. This behavior suggested that distribution was replacing accumulation as sellers steadily gained control.
Bearish momentum takes over
Meanwhile, the RSI fell to 44.99 and remained below its midline. This shift suggested that bearish momentum outweighed bullish pressure. The Moving Average Convergence Divergence (MACD) seemed to reinforce that view too, especially as its bearish crossover continued to produce expanding red histogram bars.
More recently, $WLD attempted a recovery from the $0.2745 base and rebounded towards $0.3026. And yet, the rally stalled beneath the 23.6% Fibonacci level at $0.3076, turning the overhead resistance into a key barrier.
As a result, sellers retain control for now. Unless $WLD reclaims $0.3076 on a decisive close, downside pressure could persist towards $0.2745, where stronger demand may once again influence market direction.
Liquidation pressure continues to weigh down on $WLD
$WLD’s failure to reclaim the $0.3076-resistance level is now spilling directly into derivatives positioning. Previously, weak momentum and repeated resistance rejection highlighted fading buyer conviction. At the time of writing though, liquidation data revealed that leveraged traders were increasingly reinforcing that pressure.
In fact, over the last 24 hours, total liquidations reached $5.79 million, with longs accounting for $3.76 million. This imbalance suggested that bullish positions have continued to unwind after $WLD lost its breakout structure and slipped into a corrective phase.
The shorter timeframes reinforced that trend too. Over the last four hours, liquidations totalled $1.34 million. Shorts represented $893,000, while longs accounted for $450,000, reflecting growing uncertainty across both sides.
Meanwhile, Binance and OKX processed $378.55 million and $268.87 million in Futures volume. According to Coinglass data, $1.06 billion in Futures volume versus $248 million in Open Interest hinted that positions were changing hands faster than traders were rebuilding exposure. This seemed to reinforce $WLD’s fragile market structure.
Until that dynamic stabilizes, recovery attempts may continue to face headwinds.