- WLD trades above its 50D and 200D MAs, indicating bullish outlook following a prolonged consolidation phase.
- RSI at 58.69 and MACD weakening suggest limited upside unless buying volume picks up soon.
- Daily active addresses at 224 show rising on-chain activity, supporting Worldcoin’s long-term utility and network strength.
Worldcoin (WLD) is showing signs of a cautious uptrend. At press time on May 29, WLD was trading at $1.35, a 2.45% drop in 24 hours. However, it posted an 8.23% weekly gain and a 15.96% increase over the month.
These gains come after a shift from a prolonged consolidation phase seen between March and April. That period had kept prices relatively stagnant until a mid-April push elevated WLD near the $1.50 zone. Price action has since flattened, trading between $1.36 and $1.40, with relatively narrow candles, typically a sign of indecision.
Technical Indicators Point to Slowing Momentum
The RSI is at 58.69, below the overbought level of 70. This suggests WLD still has potential to push upward. However, the RSI is close to its signal line at 58.81, hinting at modest bullish momentum.
On the MACD side, the line has fallen to 0.0031 while the signal line is at 0.0924. The narrowing histogram shows weakening momentum, and without renewed buying volume, a bearish MACD crossover could occur.
These indicators suggest a transition phase. While momentum is not reversing sharply, the absence of stronger volume may limit short term upside. However, the price is still above key technical levels, which adds context to the current position.
Price Holds Above Key Moving Averages
Worldcoin continues to trade above both its 50 day and 200 day moving averages, currently near $1.17 and $1.02 respectively. This setup shows a strong upward trend, especially considering WLD traded below both averages for months.
The crossover supports a golden cross formation, often seen as a bullish structure, following a long bearish stretch between December 2024 and April 2025. This upward shift aligns with growing user engagement.
Daily Active Addresses (DAA) have climbed notably in May, peaking just days before May 29. DAA are 224, a level that supports increased on-chain activity. This uptick in network use strengthens the technical outlook, adding to the utility-driven support behind the rally.
Market Activity and Price Zones
WLD holds a market cap of $2.08 billion, down 2.17% from the previous day. The 24 hour volume has dropped by 9.00% to $283.63 million, translating to a 13.54% volume to market cap ratio.
The circulating supply is at 1.53 billion WLD against a total supply of 10 billion. Unlocked market cap is at $4.44 billion, while the fully diluted valuation is at $13.56 billion. With over 2 million holders, Worldcoin remains actively distributed.
Potential May 30 Scenarios
With these levels, WLD’s next price movements will depend on whether it sustains current support or breaks key resistance. If WLD pushes above the $1.40 resistance with higher volume and RSI strength, it may reach between $1.48 and $1.52.
However, if price slips below $1.35, sellers may retest support levels near $1.25 to $1.30, last seen during accumulation.
Worldcoin remains in a technical consolidation, supported by higher daily address activity and strong moving average structure. Despite reduced momentum, price action and fundamentals suggest that buyers may still attempt another breakout attempt if short term volume recovers.
