• Worldcoin (WLD) is projected to decrease by -23.17%, with a price target of $0.697441 by November 2, 2025.
• WLD has declined over 28% in the past month, which marks a longer continuing decline.
• Most of the market remains bearish, even with a neutral investor sentiment in the overall crypto market.

Worldcoin is losing the battle this week. After a 4.46% drop in 24 hours, the coin is trading at $0.90. It lagged behind Bitcoin and the general cryptocurrency market, which dropped a more modest 2.99%. Predictions indicate it could drop another 23.17% over the next five days to land near $0.697441 on November 2.

The numbers tell a sad tale. The price of WLD has already lost 28.32% of value over the last 30 days, 15.15% over the last 3 months, and lost 54.28% of value from one year ago today when the price was $1.97. It feels like a past memory of peak Worldcoin. On March 10, 2024, the price reached an all-time high of $11.78. Now, the price is hovering near its cycle low of $0.577939.

As despite having 15 green days this month, the volatility remains a bearish indication at 16.81%. The storm has not cleared yet.

Also Read: Worldcoin (WLD) Price Analysis: Bullish Setup Targets $1.50 Breakout

Negative Market Sentiment Hangs Over Worldcoin

The market sentiment toward Worldcoin is quite negative, with signals from 20 out of the 28 technical indicators pointing downward and only eight indicating potential recovery. This means that 71% of technical indicators are bearish.

Support levels are indicated at $0.889342, $0.870406, and $0.835130, while resistance levels are shown at $0.943554, $0.978831, and $0.997767. The Relative Strength Index (RSI 14) is at 43.01, indicating neutral levels. Therefore, WLD is not oversold, or overbought.

Interestingly, the 50-day and 200-day simple moving averages have both shown WLD trading above trendlines, which suggests that strength is underlying price activity. Traders are nonetheless wary. General sentiment in the crypto market is also neutral, with the fear & greed index at 50. Investors seem ambivalent, feeling fear of further losses but hoping for a recovery.

Worldcoin Goes Against the Market Trend

Worldcoin is at a crossroads. Projections show that there will be another drop in the future, but markets can change sentiment easily. Even the best coins fall when sentiment is bearish. The next few days will be significant for Worldcoin. While a break below the key support will lead to a deeper drop, should the bulls, hold, they may yet prove the bears wrong.

Currently, Worldcoin is stuck in a cloudy space, with a ray of hope and a shadow of fear.

Also Read: Worldcoin (WLD) Gains Momentum: Is a Breakout Rally Toward $1.03 Next?