The price of Worldcoin has fallen more than 30% this month as market sentiment remains risk-off amid geopolitical tensions in the Middle East.
summary
- The price of Worldcoin has fallen sharply amid risk-off sentiment due to tensions in the Middle East, with the token falling more than 30% this month.
- Exchange flows rose as $26 million worth of WLD moved to centralized platforms, raising concerns about potential selling pressure.
- Bearish technical indicators and a descending channel pattern indicate further downside risks, as a break below key support would reveal a decline towards $0.20.
According to data from crypto.news, Worldcoin (WLD) was trading at $0.27 at last check on Friday, March 27, with a market cap of over $867M. The altcoin is down 15% over the past week and more than 40% since the beginning of this year.
The price of Worldcoin also fell Rising geopolitical tensions In the Middle East, especially after Iran rejected the peace proposal presented by the United States to end the war between the two countries, it aroused feelings of risk aversion among investors who are increasingly rotating their capital into gold and other traditional safety instruments.
The downward momentum also intensified after that Reports It was revealed that the Worldcoin team transferred approximately $26 million worth of WLD tokens to centralized exchanges. Over the past week, the total number of tokens held on all exchanges rose more than 25% to $742 million, data from Nansen shows.
The jump in balances held on exchanges tends to increase selling pressure for the token, as investors remain uneasy about potential excess supply if these entities decide to sell them.
In addition, ongoing scrutiny of Tools for Humanity, the lead developer of the Worldcoin project, regarding biometric data collection has resulted in… Operational shutdowns In countries such as Brazil and Indonesia in early 2026, which will create continued uncertainty for investors.
On the daily chart, Worldcoin price is trading within a descending parallel channel pattern since early October 2025 while forming lower highs and lower lows. As long as the asset price remains within the two parallel trend lines that represent the boundaries of the ongoing decline in Worldcoin prices, the token will likely remain trapped in a bearish structure.
The Supertrend indicator issued a red sell signal, which means that the downward momentum is still firmly in control. In addition, the MACD lines have confirmed a bearish crossover with both lines remaining below the zero line, which is a sign that the selling pressure is accelerating rather than subsiding.
Right now, traders are likely to keep an eye on $0.25, as this level acts as an important support area. A break below could further deteriorate market sentiment towards the token and potentially lead to a deeper decline towards $0.20.
Conversely, a break above $0.35 could trigger a bullish exit from the upper side of the descending channel, which could end a months-long downtrend.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
