Worldcoin (WLD) continues its bearish trend in the $0.37 range. As of November 5, 2026, Worldcoin's spot price stood at $0.3781, down about 1.02%. The decline over the past 7 days reaches 13.66%, and over 30 days it amounts to 34.25%. This represents a significant price drop sustained over a month, going beyond a short-term correction. While short-term technical indicators show oversold signals, the medium-term trend still points downward.

Technical Indicators Show Oversold Conditions and Downtrend Simultaneously

On the daily chart, the Relative Strength Index (RSI) recorded 26.49 with a 6-day setting. Generally, an RSI below 30 is interpreted as the oversold zone. However, an oversold state does not immediately mean a price rebound.

The Moving Average Convergence Divergence (MACD) has continued its bearish trend since a death cross occurred about 13 days ago. The SuperTrend indicator, which determines trend direction, is also pointing downward. This suggests that selling pressure may have accumulated in the short term, but a cautious approach is still needed to confirm a trend reversal.

Key Medium- to Long-Term Factor: Expanding Real-World Use of World ID and World App

The key variable for judging Worldcoin's medium- to long-term growth potential is the expansion of actual usage of World ID and World App. The Worldcoin project focuses on building a digital identity verification system that distinguishes real humans from bots in an environment where artificial intelligence and automated programs are spreading. World ID is a system that verifies an individual's uniqueness through iris-based authentication procedures.

The project's main growth argument is that as AI technology advances, the need for technology that verifies whether users online are human is growing. However, technological necessity does not directly translate into rising token value. What matters is how many users continuously use the authentication service, how much external services adopting World ID increase, and how actively the World App's wallet and payment functions are used. Rather than simple subscriber growth, repeat usage rates and actual service usage volume can serve as criteria for judging the project's sustainability.

Biometric Regulation and Token Circulation as Future Price Variables

Biometric and personal data protection issues are also major variables. Since Worldcoin operates iris-based identity verification technology, privacy regulations by country and social trust in its data processing methods can affect business expansion. If regulatory uncertainty eases and service operating regions expand, a positive environment for growing the user base could be created.

The market cites the actual expansion of World ID usage, biometric-related regulations, and changes in token circulation as the key variables that will determine future price movements.

[Some AI assistance was used. This article does not recommend buying or selling any specific asset; investment decisions and responsibilities lie with the investor.]