The price of Worldcoin has decreased to $0.63, reflecting a decline of 2.72% over the last 24 hours. This movement occurs as the token enters a phase of tightening consolidation following an extended period of selling pressure.
Market indicators show a significant drop in both price volatility and futures involvement, suggesting a coiled market structure that frequently precedes a notable directional shift. Traders are closely monitoring open interest and trading volume for signs that could indicate whether the token will break upwards or continue its broader downtrend.
On the hourly chart, Worldcoin exhibits a gradual increase from its lows around November 22, peaking briefly on the 24th when buyers managed to push prices higher. After this surge, the price has transitioned into a slower upward drift, flattening out into a tight consolidation zone. The daily candles have grown smaller, indicative of low volatility and two-sided trading as market momentum wanes.
Open interest (OI) reflects a similar trend. Initially, OI rose consistently alongside price, indicating that leveraged participants were entering new positions as the rebound gained momentum. This synchronized increase usually suggests a strong trend as traders deploy new capital. However, as the price stalled at mid-range levels, OI began to decline steadily from the high-80 million area to approximately 78.5 million, signaling position unwinding.
As both the price and OI stabilize, Worldcoin finds itself within a classic equilibrium zone, a condition that often precedes expansions in volatility—either through renewed inflows that could trigger a breakout or capitulation that may lead to a breakdown. The next significant change in open interest is likely to provide early indicators of the prevailing market direction.
Currently, Worldcoin has a market capitalization of $1,495,847,473 and a 24-hour trading volume of $73,198,035, according to BraveNewCoin. The project ranks 72nd globally, with a circulating supply of 2,365,462,877 tokens. Market sentiment has notably cooled since its initial launch, as the token struggles to attract robust speculative interest amidst broader altcoin market uncertainty.
Despite backing from significant investors and a grand vision centered on identity, the price structure remains heavy, leading traders to adopt a cautious wait-and-see strategy as the token compresses near local lows. Although liquidity remains moderate, there is a clear decline in appetite for aggressive directional trades, which aligns with the observed flattening in both price and OI.
The daily chart solidifies the notion of a prevailing downtrend, following a spike to $2.20 in early September. Since that peak, the token has established a series of lower highs and lower lows, indicative of ongoing bearish control. The recent compression around $0.62–$0.63 highlights a reduction in volatility rather than a recovery, maintaining a downward bias unless buyers manage to reclaim higher price levels.
The MACD indicator indicates bearish momentum remains below the zero line, although a small positive histogram suggests that selling pressure is easing rather than intensifying. This potential softening of downside momentum hints at the possibility of a short-term relief bounce; however, without a clear MACD crossover and sustained movement above zero, any upward movement is likely to be corrective.
Furthermore, the Chaikin Money Flow (CMF) reinforces this cautious outlook, currently around –0.17, indicating negative capital flows and net distribution rather than accumulation. The CMF”s inability to hold above zero since September suggests that long-term buyers lack conviction at this point. For a healthier market shift, traders typically seek a sustainable rise in CMF above zero, ideally alongside a breakout from the current range.
