- Worldcoin (WLD) has surged by 14.36% in the last 24 hours.
- Market indicators for Worldcoin show a strong bullish momentum, with open interest reaching a new all-time high.
Over the past day, Worldcoin (WLD) has seen a significant uptrend, reaching a 5-month high. In the last month, WLD has gone from a low of $1.5 to a high of $3.06.
Currently, Worldcoin is trading at $2.88, marking a 14.36% increase in the past day. It has also shown gains of 26.27% on a weekly basis and 38.18% on a monthly basis.
Despite the recent price increase, WLD is still about 75.7% below its all-time high of $11.82. This raises questions about whether Worldcoin is on the verge of a sustained rally.
Source: X
Analysts are discussing the trajectory of the altcoin following these recent gains. Crypto analyst Ali Martinez has predicted a sustained rally towards $4.
Is a rally for WLD on the horizon?
AMBCrypto’s analysis suggests that WLD is currently experiencing a strong upward momentum amid bullish sentiment. This could potentially lead to further gains on the price charts.
Source: Coinglass
Worldcoin’s open interest has surged to a new all-time high of $433.9 million in the last 24 hours. This increase in open interest indicates that investors are opening new positions, reflecting heightened buying pressure and market dominance by buyers.
Source: IntoTheBlock
Moreover, the number of large transactions for Worldcoin has increased by 55.56% in the last 24 hours, indicating high whale activity and active participation by large holders in the price rally.
Source: IntoTheBlock
Worldcoin has also seen a surge in daily active addresses, reaching an 8-month high of 1.5k. This increase suggests strong demand, adoption, and interest supporting the current price rally.
Source: Santiment
Furthermore, Worldcoin’s Exchange flow balance has turned negative, indicating more tokens leaving exchanges than being deposited. This suggests long-term accumulation by investors, showing confidence in the asset’s future performance and reducing the likelihood of immediate sell-offs.
Realistic or not, here’s WLD market cap in BTC’s terms
In summary, Worldcoin is currently experiencing a bullish trend, positioning WLD for further gains on the price charts. If market conditions remain favorable, WLD will aim to break the $3.24 resistance level, potentially reaching $3.89.
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The cat sat lazily in the sun, basking in its warmth.
Rewritten: The lazy cat lounged in the sun, enjoying its warmth.