Worldcoin (WLD) held steady near $0.36 on March 10, 2026, as the token stabilized following recent market swings. Traders are closely watching the cryptocurrency’s weekly chart, where a falling wedge pattern is forming near a key support zone.
Despite a 9.69% decline over the past week, market activity has increased significantly. Data from CoinMarketCap shows WLD trading with a 24-hour volume of $143.45 million, reflecting a 44.9% surge in daily turnover.
Market capitalization remains near $1.06 billion, reflecting steady investor interest as momentum gradually builds. Traders are monitoring this consolidation carefully. A sustained move above the wedge resistance could shift short-term sentiment and trigger a potential rally.
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Falling Wedge Pattern Signals Potential Rebound
On the weekly chart, Worldcoin (WLD) is consolidating near the lower boundary of a falling wedge pattern, trading around the $0.32–$0.36 support zone. This area has acted as a key defense level, where repeated price reactions suggest buyers are stepping in to stabilize the trend.
The market structure indicates strengthening buying pressure near this base. Accumulation signals are emerging as the price compresses within the wedge formation.
According to the crypto analyst Butterfly, if support continues to hold, WLD could attempt a rebound toward the first resistance targets at $0.60 and $0.95, where previous consolidation zones exist.
Therefore, a confirmed bounce accompanied by a breakout from the resistance of the wedge could lead to a strong rally. In this case, the next price targets for the upside will be $1.50, $1.90, and $2.90. This will likely indicate a possible macro reversal from the downtrend.
Indicators Show Weak Momentum but Selling Pressure Eases
From an indicator perspective, the RSI (14) is at 33.47, well below the neutral point of 50, indicating that bearish pressure is still present but is moving into oversold territory.
The MACD (12,26,9) is showing a slightly positive histogram at 0.00429, indicating that bearish momentum is slowing down.
The Bull Bear Power (BBP 13) remains negative at -0.19758, implying that the bears are still in control of the market trend.
However, the red histogram is decreasing in size, implying that the selling pressure is reducing and that buyers could start to gain some ground if market conditions improve.
Why This Matters
However, a confirmed breakout of the descending wedge could change market sentiment, indicating a possible bullish trend for Worldcoin traders.
Traders watching the support of $0.32-$0.36 could take advantage of accumulating opportunities if the buying pressure increases this week.
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