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Worldcoin bounces 25% from May 19 low, but recovery remains fragile
- Worldcoin (WLD) rose 10.5% on May 23 to close at $0.2982, following a four-day recovery from lows.
- The token had previously dropped to $0.2381 on May 19, coming within 1.5% of its 90-day low of $0.2345.
- The recovery was accompanied by rising trading volume, which peaked at 831.6 million tokens on May 22 before settling at 546.5 million on May 23. Technical analysts note the bounce remains fragile and lacks confirmed trend reversal.
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Conclusion
Worldcoin closed at $0.2982 on May 23, up 25.24% from its May 19 close of $0.2381. The May 19 close was within 1.5% of its 90-day low of $0.2345. Volume was 546,515,558 tokens on May 23. This inflection point follows a week-long recovery from an all-time low near $0.23 on May 18, though technical analysts characterize the bounce as a reflex move off capitulation rather than a confirmed trend change. Short-term recovery attempts remain fragile with repeated rejection at key price zones.