Worldcoin trades at $0.5038 on June 15, leading the entire crypto market on the Iran deal rally with a 16% gain as Eightco Holdings simultaneously disclosed a 283.45 million token position representing 8.4% of WLD’s circulating supply, the largest institutional allocation the token has received.
WLD Daily Price Action (Source: TradingView)
The daily chart shows a clean 120% recovery from the late-May low near $0.27 to a peak near $0.63 before sellers stepped in. Price is now compressing inside a descending wedge pattern with lower highs forming after the June 3 peak. All four EMAs sit below price in bullish order confirming the trend remains up: 20 at $0.4389, 50 at $0.3714, 100 at $0.3634, and 200 at $0.4551.
RSI at 59.86 is the warning flag. A bearish divergence printed at the June peak when price hit $0.63 while RSI made a lower high. That divergence has not resolved yet. A hold above the 20 EMA at $0.4389 keeps the bull structure intact but a wedge breakdown targets a retest of that level fast.
- Resistance: $0.5414 (0.618 Fib), $0.5823 (0.786 Fib)
- Support: $0.4841 (0.382 Fib), $0.4389 (20 EMA)
WLD 2H Price Action (Source: TradingView)
The 2H chart shows SAR at $0.4828 sitting below price and flipped bullish, a short-term positive. The Supertrend at $0.5229 sits above price and is still bearish, capping the current recovery. Price is sandwiched between these two levels right now.
The 0.618 Fibonacci level at $0.5414 is the next meaningful resistance after the Supertrend. A close above $0.5229 flips the short-term structure and opens the path toward $0.5414 and the 0.786 level at $0.5823. Below price, the 0.382 Fibonacci at $0.4841 is the first support to hold.
Eightco Holdings, traded under ticker ORBS, disclosed a position of 283.45 million WLD tokens, representing 8.4% of the entire circulating supply. The company described it as their largest allocation in the digital identity and AI sector. A single institution holding 8.4% of circulating supply concentrates significant sell-side risk in one address but also removes that supply from the open market, tightening the float available for trading.
The disclosure lands after WLD already ran 120% from its late-May low. Institutional backing at these levels signals conviction in the digital identity narrative rather than a bottom-fishing entry.
The crypto market added roughly $60B after Trump posted on Truth Social confirming the Iran deal was complete and the Strait of Hormuz would reopen. Bitcoin gained 2%, Ethereum 2.5%, but WLD jumped 16% to lead all majors. The outperformance reflects WLD’s high-beta nature and the thin liquidity that amplifies moves in both directions.
The deal removes geopolitical pressure from energy markets and reduces the rate hike expectations that have weighed on risk assets since February. For WLD specifically, the macro tailwind combines with the Eightco disclosure to create a session where both fundamental and macro catalysts aligned simultaneously.
- Upside: A close above the Supertrend at $0.5229 targets $0.5414 then $0.5823. Continued positive macro flow from the Iran deal signing in Switzerland on Friday adds momentum.
- Downside: A rejection at $0.5229 and close below $0.4841 confirms the wedge breakdown and targets the 20 EMA at $0.4389. The RSI bearish divergence makes this the more likely short-term path if bulls cannot reclaim the Supertrend quickly.
