The Worldcoin price was trading at $0.3121, which has dropped by 1.1% over the past 24 hours. It has witnessed a strong sell-off and has dropped by 50% since the October high. The funding rate was negative in early November but turned positive on 10th November. This data suggests that perpetuals are buying aggressively, which could be a bullish sign. According to the technical analysis, the bearish trend has halted near a support zone of $0.300. If the trading volume & OI increase here, then a bullish rally can be expected.
If the Worldcoin price exceeds a crucial zone of $0.3500, then buyers might be confident, and a bullish trend can be seen. On the other hand, if the WLD price slips below the major support zone of $0.300, the bearish trend can continue.