Worldcoin is nearing its all-time low: the $326 million buy order failed, and $0.20 is the next target for WLD

Gate News message: Worldcoin (WLD) price continues to push toward its historical lows. Even as institutional capital flows in at scale, the market has not shown any clear signs of recovery. As of April 6, WLD is trading at $0.2482, with a near 8% single-day drop. It is only one step away from the historical low of $0.2455, and the overall trend remains within a clearly downward channel.

From a technical structure perspective, the bearish trend still dominates. On the daily timeframe, the price has been under sustained pressure within the descending channel, with the upper rail around $0.40, while the super trend line sits above $0.30. Multiple rebounds have failed to break through. The MACD has continued to stay in negative territory, indicating that selling pressure has not eased. Although the short-term cycle shows slight signs of stabilization, it has not changed the weak broader market structure.

On the fundamentals, Eightco Holdings disclosed on April 2 that it holds about 277 million WLD, worth $326 million, and claims to be the largest public-market participant in the Worldcoin ecosystem. However, such a large position has not led to a price rebound; instead, it has intensified market concerns about supply pressure.

On-chain data further confirms the risk of selloffs. Monitoring shows that the wallet balances flowing into exchanges have risen noticeably recently, and the existing supply of WLD on centralized platforms has grown by more than 25%. Meanwhile, the project team transferred about $26 million worth of tokens to exchange addresses—an action that is typically interpreted by the market as a potential sell-pressure signal.

Key price levels will become the dividing line for near-term price action. $0.2455 is the most important current support. If the daily closes below it, it will confirm a new round of historical lows, and the price could quickly test the $0.20 psychological level. If the price cannot reclaim and hold the $0.30 area above, the room for upside rebounds will remain limited.

Under the dual impact of continued supply release and weakening technicals, WLD still faces structural pressure in the short term. Whether it breaks the historical low will become the focus for the market’s next phase.