The post Worldcoin Price Slides 15% as It Fails to Hold Breakout Above $1.42 Resistance appeared on BitcoinEthereumNews.com.

Worldcoin (WLD) continues to test the patience of both short-term traders and long-term investors. After a promising breakout above its descending trendline in June 2025, the token failed to sustain its momentum, reentering a five-month horizontal range that has defined its mid-term price action. The question now facing the market is whether WLD can break free from this prolonged consolidation and push decisively toward new highs. Worldcoin Price Structure Remains Capped by Historical Resistance The daily WLD/USDT chart highlights a long-standing consolidation zone between $0.81 and $1.42, which has confined price action since February 2025. Despite multiple attempts to break out of this range, including the most recent push to $1.42, WLD has repeatedly faced rejection. This level has now become a significant technical barrier that sellers defend aggressively, halting bullish momentum before it can establish new ground. On the lower end, the $0.81–$0.83 range continues to serve as consistent support, where buyers step in to absorb selling pressure. Source: X The previous breakout above a descending trendline in early June was viewed as a potential catalyst for bullish continuation. However, momentum faded near the upper limit of the range, causing the price to retrace back into the consolidation box. The repeated failure to hold above $1.42 indicates that confidence remains fragile, and traders are still hesitant to commit unless a clear breakout is confirmed. Until that occurs, the structure suggests a continuation of sideways movement rather than trend expansion. Volume and Volatility Reflect Uncertainty Over the past 24 hours, WLD has declined 15.49%, currently trading near $1.17. The intraday chart shows a swift sell-off from the $1.25 region, with a low registered near $1.06 before a modest recovery attempt. This sharp correction suggests a lack of bullish conviction following the failed breakout, likely exacerbated by broader market weakness or…

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Filed under: News - @ July 24, 2025 10:30 pm