Worldcoin (WLD) demonstrates signs of potential recovery after recent declines, supported by positive sentiment and improving market conditions.
Worldcoin Sentiment Gains Strength
WLD price action showed volatility after a strong September surge, when the token doubled following treasury adoption by Eightco Holdings. This event attracted attention to WLD in the digital asset space; however, the market faced pressure when one large whale wallet sold over 70 million WLD. Currently, selling pressure has eased, improving prospects for price stability and recovery.
Technical Setup and Price Outlook
Charts indicate that WLD has retraced toward the golden ratio near $1.5. This area often acts as a key support level. Should the token reclaim the $2 mark, a rally toward $2.2 remains feasible, representing a 45% rebound from current levels. Sustained buying momentum could drive renewed bullish momentum across the market.
Ethereum Connection and Broader Context
Tom Lee consistently ties Ethereum's growth to stablecoins and tokenization, emphasizing its role in digital identity and verification. His BitMine treasury strategy creates a close connection with Worldcoin, which focuses on human identity verification. This relationship reinforces WLD's relevance as an Ethereum-linked project in the age of increasing automation.
Worldcoin remains a speculative play dependent on renewed market confidence and sustained demand. Given strong backing and easing pressure, conditions appear favorable for a fresh rally.
