Worldcoin tests $0.59 resistance after 50% monthly surge

Worldcoin (WLD) has experienced a significant price surge, gaining approximately 50% over the last 30 days. The token is currently testing resistance levels near $0.58 and $0.59, following a recovery from the $0.30 range seen in July.

Technical indicators present a mixed outlook. While the price remains above key moving averages—including the 5, 7, 20, and 200-day averages—analysts have noted a bearish divergence on the daily RSI chart. This occurs as the price reaches higher highs while the RSI makes lower highs, potentially signaling weakening momentum or an upcoming period of consolidation.

Trading volume has also shown signs of deceleration. Recent daily volume has fallen below the 30-day average, suggesting a slowdown in market activity following intense trading periods. Despite these cautionary signals, the Parabolic SAR remains bullish, and the token maintains a market capitalization of approximately $2.21 billion.