Worldcoin (WLD) has experienced a significant price drop, falling 67% from its all-time high. The cryptocurrency recently encountered strong resistance at $5 and subsequently broke below the 200-day Exponential Moving Average (EMA), leading to a 21% decline. Currently, the price has stabilized at $3.69, with a crucial support level at $4.45. If Worldcoin fails to reclaim this level, it may drop to $2.55, indicating a continued bearish trend.

The decline in Worldcoin's price has led to a decrease in active addresses, from 1,963 on May 12 to 1,267 on June 9, indicating waning user interest. This drop in active addresses aligns with the bearish price action, suggesting reduced participation and potential exit of market participants.

For Worldcoin to shift its mid-term outlook to a more positive trajectory, it needs to reclaim the $4.45 level and break above it. This price movement would likely attract new buyers and restore confidence among existing investors, leading to increased trading volume and positive momentum. Conversely, if the price drops below $3.69, it may trigger further sell-offs, increasing bearish sentiment and leading to additional downward pressure.

It is essential for investors to conduct thorough research and consult with a professional before making any financial decisions, as the cryptocurrency market is subject to change without notice.