Worldcoin Rebounds Toward Resistance Near $0.61

Worldcoin ($WLD) has rebounded above the $0.51 level following a sharp October sell-off, with the token trading near $0.55 on daily charts. According to CryptoNews, Binance data showed a daily gain of approximately 8% for the asset, recovering about 19% from a weekly low that dipped toward $0.46 in early October.

Technical Indicators and Resistance Levels

Daily Bollinger Bands placed the middle line at $0.5138 and upper resistance at $0.6103. The token traded in the upper half of that range after reclaiming the middle line. Meanwhile, the 4-hour Supertrend turned bullish, registering its latest support reading at $0.4864, while the 4-hour Average Directional Index stood at 27.31.

CoinGlass data highlighted overhead liquidation concentrations near $0.58 to $0.60, with additional bands extending toward $0.61 and $0.63. Analysts noted that while the rebound moved WLD above key moving averages, the recovery remained short of a full reversal of the preceding decline from early-October highs above $0.60.

Key facts

• Worldcoin traded near $0.55 following an 8% gain on Binance daily charts.
• Daily Bollinger Bands set the middle line at $0.5138 and upper resistance at $0.6103.
• The 4-hour Supertrend registered support at $0.4864 following a bullish shift.
• CoinGlass data indicated overhead liquidations near the $0.58 to $0.60 range.