Worldcoin (WLD) continues to display resilience with the growing interest across the broader crypto market. Over the last 24 hours, the token surged by almost 14.29%, extending its weekly gain to 15.49%.
At the time of writing, Worldcoin is trading at $1.03, accompanied by a sharp increase in trading activity. The 24-hour trading volume reached $399.3 million, reflecting a 132.22% surge compared to the previous session. The market capitalization now stands at $2.08 billion, strengthening investor interest.
The ongoing move comes after weeks of price compression near the $0.85–$0.90 range. This level served as a strong accumulation base, allowing buyers to position for a potential breakout.
The recent push above $1.00 suggests that bulls are finally gaining the upper hand, with short-term resistance now lying at $1.05–$1.10. Holding this zone will be critical for the continuation of momentum.
Also Read: Worldcoin (WLD) Eyes $2.70 as Triangle Pattern Signals Bullish Upswing
According to crypto analyst Clifton Fx, a look at the daily Worldcoin chart reveals a long-term descending trendline stretching from highs above $4.50. For months, this line has capped upward movements, creating consistent pressure.
However, current price action is challenging that resistance. The first meaningful daily close above this barrier signals a potential shift from bearish to bullish sentiment.
Technically, holding levels above $1.00–$1.05 could confirm the breakout and trigger further upside. Price targets near $1.40–$1.50 remain key, as this area marked a significant reaction high in July. A successful breach of that level may pave the way toward $2.40–$2.50, representing a possible 164% gain from current levels.
On the other hand, risks remain. At a breakdown failure at $0.95, the bullish case would be weakened, and WLD may be pushed back inside its previous downtrending channel. The support area at $0.80 would then be once again emphasized as the longs’ major focal point.
Beyond the spot market, Worldcoin also witnesses growing activity in derivatives trading. Open interest has grown to $483.01 million and showed a 29.92% jump in the recent trading sessions. This reflects growing participation by traders and better positioning as the token sees the return of volatility.
The OI-weighted funding rate currently stands at 0.0102% and displays a mildly bullish bias. This means longs are eager to pay fund expenses to shorts and expect more to the upside. Although leverage does exist, it hasn’t hit the overheated state and keeps the markets relatively balanced.
These signals collectively suggest a hesitant but firm bias in support of bullish action by WLD seeking to consolidate the breakout through weeks-long bear pressure.
Also Read: Worldcoin (WLD) Price Prediction: Symmetrical Triangle Signals Breakout Toward $3.80
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