As of October 31, Worldcoin (WLD) has continued to face downward pressure on the Gate trading platform, hovering near the $0.90 mark—more than 30% below last month’s high.
This price movement reflects that WLD is encountering technical resistance across multiple timeframes, alongside a generally cautious market sentiment.
01 Current Price and Market Performance
According to the latest data, Worldcoin (WLD) has a global average price of $0.92073020 on the Gate trading platform, down 2.69% over the past 24 hours.
In terms of market performance, WLD is under broad selling pressure. As of October 30, WLD traded at $0.812, well below the MA-20 ($0.9074), MA-50 ($1.2102), and MA-200 ($1.0804), confirming sustained selling pressure in the short, medium, and long term.
This technical setup paints a rather bearish outlook for the market.
Worldcoin’s market capitalization currently stands at approximately $1.908 billion, ranking 40th globally among cryptocurrencies.
The circulating supply is 2.219 billion WLD, representing 22.19% of the total supply of 10 billion. This relatively high circulating volume may also be a factor restraining upward price movement.
02 Technical Indicator Analysis
Dynamic Support and Resistance
According to TradersUnion’s technical analysis, WLD’s latest dynamic support is near $0.803, defined by the Ichimoku Kijun line;
Meanwhile, the MA-20 (around $0.9074) serves as immediate resistance above.
Analyst Unknown.Ai further notes that resistance zones have formed at $0.90 and $0.95, with these historical thresholds repeatedly capping upward momentum.
Momentum Indicators
Momentum signals on the daily chart remain bearish. The MACD is issuing a strong sell signal, while the ADX indicates the trend’s strength is still robust.
Although the RSI is at 41.2 and oscillators such as Stoch RSI and CCI point to oversold conditions, this has yet to translate into buying momentum.
Both the BBP and Awesome Oscillator suggest downward momentum, reinforcing the current bearish trend.
03 Expert Views and Price Forecasts
Short-Term Outlook
For the next five trading days, analysts expect WLD to fluctuate between $0.7600 and $0.8100.
The probability of a price rebound is below 20%, with no "Buy" or "Strong Buy" signals present in key weekly indicators—making further downside more likely.
TradersUnion expert Anton Kharitonov notes: "Worldcoin (WLD) continues to struggle below all major moving averages, and daily indicators show persistent bearish momentum with virtually no technical support in sight."
Medium- to Long-Term Predictions
Despite short-term challenges, some analysts believe the current level could form the basis for a reversal.
A Brave New Coin report indicates that WLD is showing early signs of stabilization near the $0.90 area, and sustained buying above this level could trigger a reversal.
Looking further ahead, Gas_Waster’s forecast published on Gate Square suggests WLD could reach the $10 milestone between 2027 and 2030.
04 Gate Platform and Worldcoin Developments
Groundbreaking Treasury Strategy
In late October, Gate announced an innovative WLD treasury strategy, backed by a $250 million private placement.
This move signals Gate’s long-term confidence in the Worldcoin project and its intention to make WLD a key reserve asset.
Contract Point Airdrop Event
Gate also launched its eighth round of contract point airdrop events, with each eligible Gate contract point user receiving an airdrop reward of 200 WLFI, valued at approximately $31.
These initiatives have boosted user engagement with WLD and related ecosystem projects on the platform.
05 Future Challenges and Opportunities
Challenges Ahead
Worldcoin faces several major challenges:
Privacy concerns—The collection of biometric data (iris scans) has raised significant privacy issues.
Regulatory scrutiny—Data protection agencies worldwide are increasing oversight of biometric data collection and global identity systems.
Market competition—Competition in digital identity solutions and decentralized finance is intensifying.
Growth Opportunities
Despite these obstacles, Worldcoin’s future still offers compelling advantages:
Global digital identity—World ID could provide billions of people with a unique, verifiable digital identity, especially in developing countries lacking traditional documentation.
Combating AI impersonation—In the era of advanced AI, personal identity verification systems may be critical for distinguishing humans from bots online.
Universal basic income potential—Worldcoin’s infrastructure could serve as an effective platform for distributing UBI globally.
Conclusion
Overall, Worldcoin (WLD) is at a pivotal juncture both technically and fundamentally.
The $0.85 to $0.88 zone has become multi-week support, while the psychological $1.00 threshold is the first target for any meaningful bullish reversal.
If buyers can push the price above $1.00, it may attract greater speculative interest and liquidity inflows.
However, failure to reclaim the $0.90 level could trigger renewed selling pressure, with WLD likely to retest support at $0.85 and $0.80.
