Worldcoin (WLD) Faces Critical Support at $0.98 Amid Weak Bullish Momentum

Worldcoin (WLD) is currently trading at $0.98, reflecting a nearly 2% increase today. However, technical analysis signals bearish momentum as it nears important support levels, raising concerns about potential downside movement if these levels break.

Despite the modest daily gains, the overall trend seems weak, with indicators suggesting a lack of strong bullish conviction. This scenario indicates that WLD may struggle to sustain its current price and could be vulnerable to further declines if selling pressure increases.

The critical support level at $0.98 is pivotal; a breakdown could accelerate downward movement, possibly leading to a more sustained correction or reversal in trend. Traders should watch this support closely and consider risk management strategies accordingly.