Worldcoin price breaks bearish channel with bulls targeting 50-day EMA

Worldcoin has broken out of a short-term bearish channel after institutional accumulation and an upcoming reduction in token emissions triggered renewed buying interest, lifting WLD more than 16% from its July 2 low.

Worldcoin ( $WLD ) climbed to an intraday high of $0.439 on July 3 after recovering from support near $0.35, where buyers stepped in following nearly two weeks of persistent selling.

The rebound gathered pace after Nasdaq-listed Eightco Holdings disclosed that it held 283.45 million WLD tokens, equivalent to roughly 8.1% of the circulating supply. The announcement arrived as traders also positioned ahead of a key tokenomics change scheduled for July 24 that will reduce daily WLD unlocks by 43%, cutting emissions from 5.1 million to 2.9 million tokens.

Those two catalysts came as Bitcoin stabilized above the $61,000 region after a weak second half of June, allowing high-beta altcoins to recover. Worldcoin had fallen roughly 45% from its June 22 peak near $0.64 before buyers returned, with the combination of easing macro pressure and a large corporate treasury allocation reversing short-term sentiment.

Technical breakout puts the 50-day EMA back in focus

The 4-hour chart shows Worldcoin breaking above a descending channel that had contained price action since late June. Buyers also reclaimed the upper trendline of the channel before pushing the token toward the 50-day exponential moving average, which currently sits near $0.438. Price briefly tested that dynamic resistance before easing slightly.

A sustained move above the 50-day EMA could expose horizontal resistance around $0.445, a level that rejected buyers earlier in the decline. Clearing that barrier would leave the 200-day EMA near $0.47 as the next major upside objective.

On the 1-day chart, WLD has already reclaimed the multi-month support zone around $0.36, while Chaikin Money Flow has crossed back above zero, suggesting capital has started returning after several weeks of distribution. At the same time, the Aroon Up indicator has climbed above 85% while Aroon Down has dropped to zero, showing buyers have regained control of the prevailing trend.

Momentum indicators on the 4-hour chart also support the recovery. The MACD has completed a bullish crossover, and expanding green histogram bars show upside momentum has strengthened since the channel breakout. Trading volume increased alongside the advance, reinforcing the move after the sharp rebound from the July 2 low.

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