Worldcoin (WLD) has been on a rough ride recently, shedding 17.65% of its value in under three days. This has left many traders questioning whether the cryptocurrency has hit rock bottom or if further declines are imminent. While the chart patterns currently suggest a bearish trend, there are some signs that selling pressure could ease in the short term, potentially creating a buying opportunity. With a potential partnership with VISA on the horizon, Worldcoin traders may be looking at a 20% price surge in the coming week.

Current Market Sentiment

The bearish momentum surrounding Worldcoin has been evident on multiple timeframes. Both the 1-day and 4-hour charts show clear signs of seller dominance, with the price dipping below crucial support levels. Since late February, the $1 mark has acted as a resistance level, turning the bullish sentiment around for many investors. The price fell below this level in late January, marking the beginning of the downward trend that has continued into 2025. This shift in market structure has had a significant impact, wiping out the gains from the previous rally at the end of 2024.

Despite these challenges, there is still hope for short-term traders. Although the broader market sentiment remains negative, some indicators suggest a potential for a price bounce, providing an opportunity for quick profits.

Technical Indicators: RSI and OBV

One of the key indicators to watch for potential price movements is the Relative Strength Index (RSI). On the 1-day chart, the RSI has been consistently below the neutral 50 level since mid-January, which has been in line with the overall bearish price action. The On-Balance Volume (OBV), another key indicator, has also been on a downtrend, confirming sustained selling pressure.

However, in recent weeks, there have been signs of accumulation. The OBV has shown a slight uptick, suggesting that some buyers may be entering the market at these lower levels. Additionally, the RSI has climbed higher from oversold conditions, signaling a possible reversal of the recent downtrend. These changes, although modest, hint that the market sentiment could be shifting, providing traders with a potential opportunity.

Support Levels and Price Action

Worldcoin’s 4-hour chart shows a consolidation phase that has lasted for the past three weeks. The price has been fluctuating between $0.81 and $0.97, with the mid-range level at $0.89 acting as both support and resistance. This range-bound price action could indicate that the token is preparing for a breakout in either direction.

Interestingly, despite recent losses, the price has yet to fall below its previous local lows, suggesting that the $0.80 level could hold as a strong support. If this support holds and the market sentiment improves, a short-term rally could drive the price up by 20%, bringing Worldcoin closer to the $1 mark.

Potential Catalyst: VISA Partnership

One factor that could change the trajectory of Worldcoin in the coming days is its potential partnership with VISA. This partnership could fuel renewed interest from investors, particularly if it signals further mainstream adoption of the cryptocurrency. If the market responds positively to this news, the price could quickly recover from its recent decline, giving traders a window of opportunity for a short-term profit.

Conclusion: A Buying Opportunity for Traders

Although Worldcoin is currently in a bearish phase, the combination of supportive technical indicators and the potential partnership with VISA could lead to a short-term price surge. Traders watching for signs of a price bounce around the $0.80 support level may find a 20% price gain possible within the next week. While the overall trend remains negative, these factors could present a unique opportunity for traders looking to capitalize on short-term price movements.