Worldcoin (WLD) has been making headlines with a notable 20% rally over the past two weeks, giving traders a much-needed dose of optimism. However, the digital asset now faces a significant technical challenge as it approaches a long-standing resistance zone around $0.80. Whether WLD can overcome this key level may determine the token’s short-term fate.

After a prolonged period of bearish price action, Worldcoin began to show signs of recovery earlier this month. The rally started after WLD found support near the $0.567 level, a price area identified by Fibonacci retracement levels as a crucial support extension. From there, bulls stepped in, driving prices upward in a steady climb toward the next resistance.

However, despite the recent surge, Worldcoin has not yet broken out of its overall bearish market structure on the daily chart. The token continues to trade below its previous lower high at $0.80 — a level that now serves as a critical barrier. A successful move above this point could shift the narrative from cautious recovery to full-fledged bullish reversal. Until then, the trend remains uncertain.

One of the major challenges for bulls is the confluence of technical factors at the $0.80 mark. The 50-day moving average is currently aligned with this resistance zone, adding another layer of pressure that WLD must overcome. Historically, moving averages positioned at resistance levels tend to reinforce those zones, making breakouts more difficult without strong volume support.

Despite these technical headwinds, there are some bullish signals to consider. The On-Balance Volume (OBV) indicator, which measures cumulative buying and selling pressure, has shown a notable divergence from price action. In early April, while the price of WLD continued to print lower lows, the OBV was quietly rising — a sign that accumulation might have been occurring behind the scenes. This divergence played out in the form of the recent price bounce, lending credibility to the idea that buyers are gradually regaining control.

Another factor to monitor is liquidity concentration. According to data from Coinglass, Worldcoin’s liquidation heatmap shows two significant levels of interest: $0.66 and $0.80. These are considered “magnetic zones,” areas where leveraged trading positions are clustered. As a result, the price tends to gravitate toward them, increasing the likelihood of volatility around these points.

A clean breakout past $0.80 — especially if accompanied by strong volume — could set WLD on course for higher levels. In contrast, a failure to breach this resistance could lead to a pullback toward the $0.66 zone, potentially wiping out recent gains. Either scenario could play out over the coming days, depending on broader market sentiment and trader behavior.

Speaking of sentiment, Worldcoin’s outlook is also tied to Bitcoin’s recent performance. While Bitcoin has seen pockets of whale accumulation, its on-chain activity still mirrors typical bear market behavior — low transaction volume, sluggish momentum, and cautious participation. If Bitcoin faces renewed selling pressure, altcoins like Worldcoin may follow suit, regardless of their individual technical patterns.

Another element adding to the complexity is the mixed sentiment from traders in the derivatives market. While spot market data shows some signs of accumulation, funding rates on WLD perpetual contracts have shifted in favor of short positions. This suggests that a growing number of traders are betting on a pullback, which could further stall bullish efforts unless buying pressure intensifies.

In conclusion, Worldcoin stands at a technical crossroads. While the recent 20% rally is a positive development, the token’s future movement hinges on how it interacts with the $0.80 resistance level. A confirmed breakout and retest could open the door to sustained upside momentum. On the other hand, a rejection at this level may invite a return to previous support zones.

Investors and traders should remain cautious but alert. Volume-backed breakouts and shifting sentiment indicators will be key to identifying the next leg of WLD’s journey. Until then, the market remains watchful — and Worldcoin remains in limbo.