Can Worldcoin Sustain Its Recovery Above $1.10?

Worldcoin price today sits near $1.13, as of press time, showing signs of recovery after defending a key demand zone near $1.05. This rebound has reignited short-term interest in WLD, especially after multiple rejections below the 78.6% Fibonacci retracement. Despite broader weakness seen in late May, the latest bounce reflects a technically significant effort by bulls to regain momentum.

What’s Happening With Worldcoin’s Price?

Following a steep correction from the May high of $1.64, Worldcoin price recently revisited its 78.6% Fib level near $1.02, forming a double bottom structure on the 4-hour chart. This level coincides with a broader bullish order block extending to the $0.98 range. Price has since rebounded to $1.11, reclaiming the $1.09–$1.10 structure support.

The 4-hour chart displays a breakout from a falling wedge, with the current candle structure pushing above a short-term descending trendline. As of June 7, Worldcoin has broken back into a minor supply zone between $1.11 and $1.13. Sustained closes above this level could encourage bullish follow-through toward $1.16 or even $1.23 in the coming days.

Key Indicators Support Near-Term Strength

WLD price forecast (Source: TradingView)

Momentum indicators suggest an early-stage recovery. The RSI on the 30-minute chart is hovering around 66, indicating positive but not yet overbought conditions. On the MACD, the histogram is building higher while both the signal and MACD lines remain in bullish crossover territory, reinforcing upward momentum.

WLD price forecast (Source: TradingView)

Ichimoku analysis on the 30-minute chart adds confirmation, with price breaking above the cloud and leading span A rising for the first time in several days. Both Tenkan-sen and Kijun-sen lines have flipped bullish. This provides additional support for the current breakout attempt, although the lagging span has yet to fully clear previous candles.

Why is The Worldcoin Price Going Up Today?

WLD price forecast (Source: TradingView)

The answer to the question of why Worldcoin prices are going up today lies in the technical confluence of oversold recovery, trendline breakout, and intraday buying volume returning near key support. WLD’s bounce from the $1.02–$1.05 accumulation zone came with sharp upward candles and strong momentum indicators backing the move.

In addition to the rebound from Fib support and a reversal structure forming on lower timeframes, WLD also regained its EMA20 and EMA50 lines on the 4-hour chart. Price has pushed through Bollinger Band midlines, aiming for upper resistance bands near $1.19–$1.20.

Short-term price action is also being driven by a broader altcoin recovery phase observed across the market on June 7, with several major L1 and L2 tokens showing similar wedge breakouts.

Short-Term Levels to Watch

WLD price forecast (Source: TradingView)

The 4-hour Bollinger Bands show a clean expansion following a compression phase, with upper bands now at $1.20 and lower support holding at $1.01. If WLD clears $1.13 on volume, the next resistance will likely emerge around $1.16 and $1.23, aligned with the 61.8% Fib and previous horizontal rejections.

On the downside, strong support remains at $1.05 and $0.98. Any breakdown below this zone may expose $0.91, but that seems unlikely without a clear loss of momentum.

Here’s a summary of the key technical levels: