WLD Price Up 9.5%, but Sellers Erased the Breakout Within Hours

WLD bounced from the lower boundary of its rising channel. The 0.618 Fibonacci level rejected the first breakout attempt. RSI and volume are weaker than on the late September rally. A SwissBorg listing and lower daily unlocks support the backdrop. Worldcoin (WLD) is trading at $0.5469 on Saturday, October 10, up 7.83% on the daily candle and 9.56% over 24 hours after buyers defended the lower boundary of a rising channel near $0.50, and the rebound has carried price straight into the 0.618 Fibonacci retracement at $0.5593. The session high of $0.5761 cleared that level before sellers pushed price back below it. The move comes three days after SwissBorg listed the token and with daily unlocks running 43% lower than in the first half of the year, although WLD remains 7.25% down on the week. WLD/USDT daily chart. Source: TradingView / Alexander Stefanov Two supports stacked at $0.50 stopped this week’s pullback The bounce started from the lower boundary of the rising channel that has guided price since the mid-September low near $0.36. That boundary now sits around $0.50, almost on top of the 0.5 Fibonacci retracement at $0.5088, which marks the halfway point of the decline from the June high at $0.7229 to the August low at $0.2947. When a trendline and a retracement level fall on the same price, traders who follow either one place their buy orders in the same narrow band, and that is why the selling dried up there. The trend behind the bounce has improved as well. The 50-day EMA ($0.4606) crossed above the 200-day EMA ($0.4359) at the start of October, which means the average price of the past 50 days is now higher than the average of the past 200. This week’s low near $0.47 held above both lines. With the 0.382 retracement at $0.4583 sitting beside the 50-day EMA, the $0.458 to $0.461 area is the main floor under the current structure. Sellers pushed WLD back under $0.5593 after a spike to $0.5761 The 0.618 retracement at $0.5593 is the immediate test, and the channel midline runs through the same zone. Today’s wick above it shows that buyers can reach the level and cannot yet hold it. A daily close above $0.5593 would put the early October peak near $0.62 back in play, followed by the 0.786 level at $0.6313, where the last advance stalled. The June high at $0.7229 would complete the retracement.