- WLD’s sharp 22% rally sparks bullish momentum but faces tough $1.30 resistance.
- Overbought RSI signals possible cooling, though strong support sits at $1.01 zone.
- Trading volume up 190% highlights active participation and magnified market swings.
Worldcoin’s native token, WLD, captured attention this week after a sharp rally carried prices to their highest point in two months. The coin, tied to Sam Altman’s ambitious digital identity project, surged from just above the $1.00 mark to nearly $1.30 in less than 24 hours. That move represented a 22% daily gain, fueled by a remarkable increase in trading activity.
With volume soaring almost 190% during the same period, the surge was backed by strong market participation rather than thin liquidity. The key question now is whether WLD can extend its breakout or if the rally risks losing steam.
Related: Worldcoin (WLD) Rebound Unlikely Yet; Consolidation Is Key First
Breakdown of the Key Support and Resistance Levels
The rally began from a sturdy base around $1.01, which now forms the strongest safety net in case of a pullback. Another important zone rests between $1.10 and $1.12, where the price consolidated before breaking higher.
On the upside, resistance at $1.30–$1.32 has already proven stubborn. A successful breakout beyond this barrier could shift focus toward $1.40–$1.45, the next psychological milestone for bulls.
However, the rapid nature of this climb suggests caution. A brief retracement toward $1.12–$1.15 cannot be ruled out before further advances. Traders often welcome such pauses since they allow momentum to reset and attract fresh buyers.
Market Structure and Indicators
Beyond price levels, several technical signals highlight both promise and risk. The market structure shows a volume-to-market cap ratio above 40%, which underlines the unusually active trading relative to WLD’s overall size. With only two billion tokens circulating out of a total ten billion supply, speculation can magnify price swings significantly.
Momentum indicators add more nuance. The MACD histogram has just turned slightly positive, hinting at the early stages of bullish momentum.
Yet, the Relative Strength Index has already crossed into the overbought zone at 70. That level often marks short-term overheating, which could trigger consolidation or even a correction.
Related: Worldcoin (WLD) Price Drops 7% After a Whale Withdraws $9.5 Million in Tokens from Binance
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