Worldcoin (WLD) Down 98% From Its Peak, and the Pain May Not Be Over Yet

Worldcoin has dropped sharply from its peak, and the scale of that decline now puts the WLD price in a critical position. After reaching an all-time high near $11.97, the token now trades deep within a prolonged downtrend that has erased about 98% of its value.

That kind of correction often forces a key question. Is this a final reset before recovery, or does it signal deeper weakness ahead?

The current WLD price sits inside a multi-year descending channel, which has defined its structure since the peak. Each attempt to move higher has resulted in lower highs, and each selloff has pushed price toward lower lows.

Crypto Patel explains that Worldcoin remains within a bearish structure on the higher timeframe. The absence of a confirmed break of structure keeps the trend intact for now.

A look at the broader setup shows price compressing near the lower boundary of this channel. This area often attracts attention because it can act as a base if demand holds.

Another key detail comes from resistance. The dynamic trendline above continues to reject upward moves, which limits any sustained recovery attempts.

Key Worldcoin Price Levels Define Accumulation And Breakdown Risk

The most important zone for WLD price sits between $0.22 and $0.14. This region is considered a high risk accumulation range based on historical behavior and current positioning.

Crypto Patel notes that price action within this zone represents a balance between potential recovery and further decline. The market has reached a point where both outcomes remain possible.

A move above $0.66 would change the structure significantly. That level represents the point where WLD could reclaim a bullish trend and break out of the descending channel.

A different scenario becomes clear if support fails. A weekly close below $0.130 would invalidate the current accumulation idea and confirm continued downside pressure.

These levels create a tight framework for understanding where the market stands today.

Historical Cycle Behavior Shows How Deep Corrections Can Lead To Expansion

Worldcoin’s current phase fits a familiar cycle pattern seen across many crypto assets. The initial expansion pushed price toward its peak near $12. That phase was followed by distribution, where upward momentum slowed and sellers gained control.

The market then entered a long corrective period. This phase often removes excess leverage and resets expectations before any new trend develops.

Crypto Patel points to this stage as a possible accumulation phase. The idea depends on whether price can hold within the current range and form a base over time.

Potential upside targets in a recovery scenario extend toward $0.63, $2, $5, and even $10 over a longer horizon. These levels depend on a confirmed structural shift, which has not occurred yet.

Recent Worldcoin Token Sales Add Pressure To An Already Weak Structure

Another factor now enters the picture. Large-scale token sales have increased supply during a period of weak price action.

Crypto Patel reports that Worldcoin sold about 234.9M WLD tokens worth $65.32M through over-the-counter deals in a short period. The project also moved 35.8M USDC to Circle for cash conversion.

These actions introduce additional pressure on price. Increased supply without matching demand often leads to extended weakness.

The timing also matters. Such sales occurred during a phase where the market already struggles to establish a stable base.

Worldcoin now sits at a decisive point. The WLD price could stabilize within the current accumulation zone and begin forming a foundation for recovery.

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A break above resistance would support that idea and open the path toward higher levels over time.

A breakdown below $0.130 would confirm a continuation of the downtrend and remove the current accumulation narrative.

The situation remains open. Worldcoin has already gone through a steep reset, yet the structure still lacks confirmation of a reversal.

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