Worldcoin Price Rebounds Above $0.51 as WLD Faces Resistance Near $0.61
Worldcoin's WLD token recovered above $0.51 on October 10, trading near $0.55 after a sharp sell-off earlier in the month. Technical indicators placed the next major resistance near $0.61, while liquidation data showed additional concentrations of leveraged positions around $0.58 to $0.60.
TradingView's Binance WLD/USDT daily chart recorded a price of $0.5477, with an intraday high of $0.5761 and a low of $0.5037. The token was up 7.99% on the daily reading, although it had retreated from its session peak.
The recovery followed a decline from above $0.60 in early October. CoinGlass's one-week liquidation heatmap tracked WLD falling toward $0.46 late on October 8 before climbing back through $0.48, $0.51 and $0.53. At approximately $0.55, the token had recovered around 19% from that low, but remained below its early-October high.
Worldcoin Price Reclaims the $0.51 Level
Analyst Alex Marzell identified $0.51 as a key level for WLD to regain and hold after the token fell below it during the sell-off. In an October 9 post, Marzell described a decline from $0.51 to $0.477, followed by a further drop to $0.4592 before a rebound.
Marzell identified approximately $0.48 as the overnight base and $0.4592 as the next level to watch if that base failed. He summarized the conditions in his post: “Reclaim $0.51 and hold and I think the dump gets undone. Lose $0.48 and $0.4592 is the retest.”
WLD was trading above the $0.51 threshold in the October 10 Binance chart readings. The daily Bollinger Bands middle line stood at $0.5138, placing it close to Marzell's level. Following the recent decline below that line, the rebound pushed the token back above it, leaving the price approximately 6.6% higher than the indicator at the time of the reading.
The lower levels highlighted by Marzell remained below the market price. The $0.48 area was approximately 12% below $0.55, while $0.4592 was roughly 16.5% lower. These levels represent potential areas to monitor rather than confirmed support.
WLD Faces Daily Resistance Near $0.61
TradingView's daily Bollinger Bands placed the upper boundary at $0.6103 and the lower boundary at $0.4173. With WLD trading at $0.5477, the upper band was approximately 11.4% above the recorded price. The level also overlapped with the early-October area where the token had previously traded above $0.60.
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| Source: TradingView |
The daily chart's Awesome Oscillator remained positive at 0.0544, but its latest histogram bars had turned red and were shorter than the preceding green bars. This indicated that positive momentum had weakened during the pullback, even as the price recovered above the Bollinger middle line.
The price action therefore showed a partial recovery rather than a confirmed reversal of the earlier decline. WLD also remained below its much higher June price spike, when the token rose above $0.70. A return to the early-October high would still leave it below that earlier peak.
Four-Hour Supertrend Signals a Bullish Shift
TradingView's four-hour chart recorded WLD at $0.5482 and showed a new green Supertrend reading at $0.4864 following the rebound. The previous red Supertrend segment stood around $0.5346, below the latest price after WLD climbed from its recent lows.
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| Source: TradingView |
The four-hour Average Directional Index stood at 27.31. ADX measures trend strength rather than direction; the bullish directional signal on the chart came from the green Supertrend indicator.
The latest four-hour price sequence also showed WLD pulling back after its initial surge. The token had moved below the rebound's highest wick but remained above the previous red Supertrend level.
Liquidation Concentrations Extend Toward $0.63
CoinGlass's one-week liquidation heatmap showed overhead concentrations around $0.58 to $0.60, with further bands extending toward $0.61 to $0.63. Below the market, the heatmap displayed additional concentrations around $0.53 to $0.54 and $0.50 to $0.51. WLD had already crossed the prominent area near $0.535 during its recovery before retreating from the intraday high.
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| Source: CoinGlass |
These heatmap zones identify areas of concentrated liquidation exposure, but they do not establish that the price must move toward them. The nearest overhead references in the October 10 data were the rebound high near $0.576, the $0.58 to $0.60 liquidation zone and the daily Bollinger upper band at $0.6103.
Analyst Crypto Feras outlined a more distant bullish scenario, requiring a three-day candle close above $0.65 for confirmation. The analyst listed subsequent targets of $0.90, $1.37, $2.01, $3.70 and $4.20, while explicitly describing the setup as pending confirmation. At approximately $0.55, WLD remained about 18% below the initial $0.65 threshold.
Worldcoin Token Distribution Rules Remain Relevant
World's token distribution terms are also relevant to holders, particularly in the United States. The project's token grant terms state that WLD grants are subject to eligibility requirements and jurisdictional restrictions. They also specify that WLD does not provide equity or dividend rights in World.
For the market, the immediate technical levels remain concentrated around the recent rebound high and the resistance zone extending toward $0.61. Below the current price, the daily Bollinger middle line at $0.5138 and the four-hour Supertrend at $0.4864 provide additional reference points. Whether WLD can sustain its recovery and challenge overhead resistance remains unconfirmed by the available chart readings.
Source: crypto.news
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.