Worldcoin's price has continued its downward trend, falling by 11% over the past day. This decline is in line with the bearish sentiment that has been prevalent in the market.
The altcoin's price action remains within a well-defined descending channel, a structure that reflects a prolonged downtrend. The price oscillates between diagonal support and resistance levels, a behavior that suggests a distribution phase where sell-side activity outweighs accumulation.
Perpetual markets are also reinforcing the downside bias, with bearish positioning in derivatives amplifying WLD's decline. Selling activity dominates perpetual futures trading across major platforms, with 15 out of 19 exchanges recording higher sell volume.