Worldcoin (WLD) Forms Bullish Setup Following 98% ATH Correction — 64% Rally Ahead?

Worldcoin has had one of the most painful journeys of any top crypto project this cycle. From an all-time high of $11.55 to a current price near $0.2591 — a drawdown of approximately 98% — WLD has been left behind as Bitcoin and Ethereum staged meaningful recoveries in recent weeks. With a market capitalisation now sitting at approximately $862 million, the token is trading as if the project barely exists — despite Worldcoin remaining one of the most discussed and controversial identity infrastructure projects in all of Web3.

But amid the wreckage, the daily chart is beginning to tell a more nuanced story — and a specific harmonic pattern is drawing attention and showing a potential short-to-medium-term setup forming from the current lows.

The Macro Backdrop — BTC and ETH Leading the Recovery

Before examining WLD’s individual setup, the broader market context matters. As we covered in our Bitcoin $80K reclaim and historic trendline analysis, Bitcoin has climbed approximately +18% over the past 30 days and is pressing toward the psychologically critical $85,000 level — with a historic ascending trendline defense and a weekly MACD crossover both pointing toward continued momentum.

Ethereum is similarly constructive — up approximately +11% over 30 days and displaying the bullish ETH/BTC fractal we detailed in our Ethereum 2017-style rally analysis — a pattern that has historically lifted major altcoins during recovery phases as capital rotates from BTC dominance into the broader market.

This improving macro backdrop is the precondition for any WLD recovery. Altcoins with specific technical setups tend to outperform during broad market recovery phases — and WLD’s harmonic structure, combined with the current BTC and ETH strength, is prompting traders to ask whether the most beaten-down names are ready to catch a meaningful bid.

ZachXBT’s Explosive Criticism — What Happened

The most significant near-term catalyst for WLD’s final leg lower came from prominent on-chain investigator ZachXBT, who publicly blasted Worldcoin in late April 2026 in a post that went viral across crypto Twitter and was picked up by major publications.

ZachXBT labelled WLD a “predatory low-float token” — drawing direct comparisons to FTX-era projects — and levelled a series of specific accusations against the Worldcoin team and foundation:

Exploitation of low-income users — ZachXBT accused Worldcoin of targeting users in developing countries for biometric data collection while insiders allegedly offloaded holdings through OTC trades — creating a dynamic where the project’s most vulnerable participants bore the risk while connected insiders extracted value.

Rapid token supply inflation — Aggressive token unlock schedules have consistently added selling pressure to WLD — with the circulating supply expanding faster than demand has been able to absorb, creating sustained structural downward pressure on price.

Black market for verified World IDs — ZachXBT highlighted a thriving underground market for verified World ID accounts — suggesting that the identity verification system at the core of Worldcoin’s value proposition has been significantly compromised.

Large-scale OTC selling — Foundation-linked wallets were alleged to have executed substantial OTC sales — sidestepping public market impact but contributing to a broader perception of insider exits.

These allegations reignited long-standing concerns about Worldcoin’s tokenomics and business practices — and directly contributed to WLD hitting a new all-time low near $0.2322 in the days following the post. Notably, a planned 43% reduction in daily token emissions starting July 2026 has been announced — but has not yet been sufficient to reverse the sentiment damage.

The Technical Setup — Bearish Shark Harmonic Pattern

Despite the heavy bearish narrative surrounding Worldcoin, the daily chart is beginning to show technical signs that the worst of the selling pressure may be reaching exhaustion — at least in the short term.

The pattern drawing attention is the Bearish Shark harmonic — a widely tracked structure in harmonic trading that, despite its name, often signals a potential reversal opportunity when price completes the full pattern sequence and finds support at the B-point zone.

Pattern structure: The O–X–A–B legs of the Bearish Shark have already formed on WLD’s daily chart — with price finding solid support near the B-point at $0.2311. This level has acted as a strong reaction zone where buyers have consistently stepped in to prevent further downside — making it the structural foundation of the current setup.

WLD is currently trading near $0.26 — showing early signs of stabilisation above the B-point after the ZachXBT-driven sell-off. The ability to hold above $0.2311 is critical — as long as this zone holds, the harmonic framework stays intact and the pattern’s upside projections remain valid.

The key resistance to break: The immediate hurdle for bulls is the 50-day moving average at $0.2751. This level has acted as dynamic resistance in recent weeks — repeatedly capping upside attempts and serving as the ceiling that bulls must clear to signal a genuine momentum shift. A clean sustained daily close above $0.2751 would flip this level from resistance to support — a significant technical development that would likely attract momentum traders back into WLD.

What’s Next for WLD — Two Scenarios

Bullish Scenario

A decisive daily close above the 50-day MA at $0.2751 is the confirmation trigger. Breaking this level cleanly would signal that buyers are regaining structural control — and would likely invite momentum traders who have been waiting on the sidelines for exactly this confirmation.

If bullish momentum continues and the Bearish Shark harmonic plays out toward its projected completion zones, the upside targets are:

These levels represent the harmonic pattern’s natural completion zones — and align with prior support and resistance areas on WLD’s longer-term chart.

Bearish Scenario

If buyers fail to hold the $0.2311 B-point support on a sustained daily close basis, the harmonic framework is invalidated. A breakdown below this level would eliminate the structural foundation of the setup — likely pushing WLD into a deeper consolidation phase and potentially testing new lows below the current all-time low.

The key line in the sand is clear: $0.2311 must hold for the bullish harmonic thesis to remain valid.

Bottom Line

Worldcoin is a high-risk, high-reward technical setup — and it is important to approach it as exactly that. The 98% drawdown, ZachXBT’s explosive criticism, ongoing token unlock pressure, and fragile community sentiment make this a position that demands careful risk management above all else.

That said — the Bearish Shark harmonic setup is real, the B-point support at $0.2311 has held, and the improving BTC/ETH macro backdrop creates the conditions under which beaten-down altcoins can mount meaningful recoveries. A confirmed daily close above $0.2751 would be the technical signal that the setup is activating — with targets of $0.3870 and $0.4277 representing up to 64% upside from current levels.

Watch $0.2751. That is the number that matters.

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Written by

Nilesh Hembade

Nilesh Hembade is the Founder and Author of Coinsprobe, with 5+ years of experience in cryptocurrency and blockchain. Since launching the platform in 2023, he delivers daily, research-driven insights through market analysis, on-chain data, and technical research. His work has been featured on Binance, Bitget, and CoinMarketCap. He is also certified through Binance Academy (NFT Certificate).

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