Worldcoin Price Action: Bearish Trend Continues Amid Short-Term Volatility

The price action of Worldcoin has been influenced by the overall market sentiment in recent days. Despite showing some short-term bullish strength, the altcoin's long-term trend remains firmly bearish.

As of now, WLD is trading at $0.3175, having dropped below its local support level at $0.345. The price action has created a bearish swing structure on the 4-hour chart, with a clear impulse move downward on the 19th of March.

The Fibonacci retracement levels indicate that if resistance is flipped to support at $0.326, traders can expect WLD to rally to the golden pocket at $0.354-$0.366. However, it's essential to consider the longer-term trend and use this potential bounce as an opportunity to sell the altcoin.