Important Points to Note
WLD price has broken out of consolidation and is targeting $2.34, $3.12, and $4 levels. While whale profit-taking raises caution, strong buyer activity is evident through Spot CVD and long accounts.
The price of Worldcoin [WLD] has been in the spotlight as whales have started taking profits, but technical analysis and derivatives markets indicate further upward movement.
One whale deposited 1.55 million WLD valued at $2.69 million into FalconX, securing profits but still holding over 4.64 million WLD.
Despite this selling pressure, the token surged above the $1.67 support level, signaling a breakout from a period of consolidation.
With price targets set at $2.34, $3.12, and possibly $4.00, traders are assessing whether whale activity warrants caution or if bullish momentum will drive the WLD price higher.
WLD: Is a rally to $4 in progress?
The WLD price recently broke out of its consolidation range, which had been between $1.00 and $1.67 for several months.
After surpassing resistance, the price is now hovering around $1.93 with a clear upward trend, indicating bullish control.
Immediate resistance levels are at $2.34 and $3.12, with the ultimate target at $4.00.
This breakout has boosted trader confidence, especially with strong technical indicators supporting the upward movement.
WLD/USDT 1-Day Chart (Source: TradingView)
Spot Taker CVD indicates buyers are still in control despite whale selling
Spot Taker CVD data reveals that buyers are dominating the market, showing strong demand even as whales reduce their holdings.
This metric tracks the cumulative difference between buy and sell orders, currently favoring buyers.
The resilience in buyer activity suggests that both retail and institutional participants are absorbing supply, counterbalancing whale profit-taking.
Furthermore, this buying pressure underscores the market’s confidence in higher price targets.
WLD Spot Taker CVD (Source: CryptoQuant)
Are traders overly exposed with long positions leading the way?
Currently, long accounts on Binance make up 62.15% compared to 37.85% shorts, indicating a strong bullish sentiment among traders.
The Long/Short Ratio of 1.64 further supports this bullish positioning, showcasing confidence in the market.
However, high exposure to long positions can increase the risk of forced liquidations in case of a sharp market correction. Positive funding rates also bolster the demand for long exposure.
Therefore, the sustainability of this rally hinges on buyers maintaining control without overheating the market. Excessive leverage could lead to a cooling-off period if traders become too aggressive.
WLD Long/Short Ratio (Source: CoinGlass)
Will profit-taking or buyer activity determine the next move for WLD price?
Despite whale profit-taking, WLD price is set for further gains as buyers maintain control of order flow and trader sentiment.
Spot CVD data indicates consistent accumulation, while long accounts and stable funding rates reinforce the bullish outlook.
Therefore, WLD price is positioned to continue its breakout, targeting $2.34 and $3.12 in the short term, with $4 as the key milestone for upward movement.
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