Worldcoin (WLD) Price Drops to $1.16 as Kenyan Court Orders Data Deletion

Quick Take

• WLD currently trading at $1.16 (-0.09% in 24h)
• Worldcoin’s RSI at 55.21 suggests neutral momentum with bearish MACD divergence
• Kenyan High Court orders permanent deletion of biometric data, creating regulatory pressure

What’s Driving Worldcoin Price Today?

The WLD price has experienced significant volatility this week, primarily driven by conflicting regulatory and partnership developments. The most recent catalyst came from Kenya’s High Court on July 23rd, which ordered Worldcoin to permanently delete all biometric data collected within the country. This ruling represents a major setback for the project’s core identity verification model and triggered a 7% price decline.

Despite this regulatory headwind, Worldcoin secured notable partnerships with Razer and Match Group on July 22nd, expanding World ID integration into mainstream consumer applications. These partnerships initially provided positive momentum, resulting in a 6.97% daily gain before the Kenyan ruling reversed much of these gains.

The regulatory landscape remains challenging, with Germany also maintaining scrutiny over Worldcoin’s operations. This ongoing regulatory uncertainty continues to create volatility in the WLD price, as investors weigh the project’s expansion potential against mounting legal challenges.

WLD Technical Analysis: Mixed Signals Emerge

The Worldcoin technical analysis reveals a complex picture with both bullish and bearish elements. WLD’s RSI currently sits at 55.21, indicating neutral momentum territory, though this represents a retreat from overbought levels earlier in the week.

The moving average structure shows mixed signals for Worldcoin. While the WLD price at $1.16 trades above the 50-day SMA ($1.01) and matches the 12-day EMA, it remains below the 7-day SMA at $1.20, suggesting short-term weakness. The 20-day SMA at $1.11 provides nearby support.

Worldcoin’s MACD indicator shows concerning bearish divergence, with the MACD line at 0.0561 sitting below the signal line at 0.0568. The negative histogram value of -0.0006 confirms weakening bullish momentum for WLD.

The Bollinger Bands analysis reveals Worldcoin trading in the upper portion of its range, with a %B position of 0.6026. This suggests WLD maintains relative strength despite recent selling pressure.

Worldcoin Price Levels: Key Support and Resistance

Based on Binance spot market data, several critical Worldcoin support levels emerge. The immediate WLD support sits at $0.85, representing a significant drop from current levels. More concerning is the strong Worldcoin support at $0.77, which could be tested if regulatory pressures intensify.

On the upside, WLD resistance appears concentrated at $1.40, where both immediate and strong resistance converge. This level represents approximately 21% upside potential from current WLD price levels.

The pivot point at $1.17 sits just above current trading levels, suggesting Worldcoin faces immediate overhead pressure. A break above this level could signal renewed bullish momentum for WLD.

Should You Buy WLD Now? Risk-Reward Analysis

The current WLD price presents a challenging risk-reward scenario for different trader types. Swing traders might consider the regulatory overhang too significant, given the Kenyan court ruling and ongoing German scrutiny. The immediate downside to $0.85 support represents a 27% potential loss.

For long-term investors, the recent partnerships with major consumer brands like Razer and Match Group demonstrate Worldcoin’s ability to secure mainstream adoption despite regulatory challenges. The WLD/USDT pair shows strong bullish trend characteristics on longer timeframes, with the price well above the 200-day moving average.

Day traders should note the elevated volatility, with Worldcoin’s daily ATR at $0.10 representing significant intraday movement potential. The neutral RSI provides room for movement in either direction, making risk management crucial.

Stop-loss levels for WLD positions should be placed below $1.10 (20-day SMA) for shorter-term trades, while longer-term holders might use the $0.85 support level as their risk threshold.

Conclusion

The WLD price faces near-term headwinds from regulatory challenges, particularly the Kenyan court ruling requiring biometric data deletion. However, recent partnership announcements demonstrate Worldcoin’s continued business development momentum. Traders should monitor the $1.17 pivot level closely over the next 24-48 hours, as a break above could signal renewed bullish momentum, while failure to hold could accelerate the decline toward $0.85 support. The mixed technical signals suggest patience may be the best strategy until clearer directional momentum emerges in the WLD/USDT pair.

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