The post Worldcoin Faces Regulatory and Technical Pressures as Price Dips Below $1 appeared on BitcoinEthereumNews.com.

Altcoin Analysis Worldcoin (WLD) is struggling to maintain momentum after a wave of regulatory scrutiny and renewed bearish sentiment in technical indicators pushed its price below the $1 mark. The token currently trades around $0.94, down nearly 6% in the past week, with analysts warning of a potential move toward $0.50. Regulatory Risks Mount in Asia and Beyond On August 14, China’s Ministry of State Security issued a stern warning against Worldcoin’s iris-scanning practices, classifying them as a national security threat. This follows a July 26 probe launched in Germany over concerns tied to biometric data storage and handling. The warnings add to Worldcoin’s growing list of regulatory battles. The project has already suspended operations in Brazil, France, and India due to similar controversies. According to August 10 community data, 46% of WLD’s user base is located in Asia, meaning fresh restrictions could significantly slow adoption in one of its most important markets. Investors are now eyeing an August 19 ruling in Kenya, where a court will decide whether Worldcoin must comply with strict data deletion requirements. Bearish Technical Signals The technical picture for WLD paints a bearish outlook. The token recently failed to hold above the $1.28 resistance level, aligned with the Fibonacci 23.6% retracement. Its price is now trading under all key moving averages, with the 7-day SMA at $1.02 and the 30-day SMA at $1.07. Momentum indicators also point downward. The MACD histogram sits at -0.006, signaling continued weakness. Analysts warn that a breakdown below the August 17 swing low of $0.913 could accelerate algorithmic selling toward the $0.85 support. Prominent crypto analyst Ali highlighted the risk of a larger breakdown, suggesting a possible slide toward $0.50 if bearish pressure intensifies. Supply and Speculation Despite weak fundamentals, speculative interest in WLD remains high. The circulating supply has…

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Filed under: News - @ August 19, 2025 1:28 pm