Worldcoin reclaims $1B market cap – Will $0.30 spark WLD’s next breakout?
WLD bulls dominate as as whales eye $0.32–$0.36 targets.
Worldcoin [WLD] has shown relative strength since it successfully tested $0.22 a week ago. With the crypto market rebounding, Worldcoin’s upside momentum strengthened significantly. Notably, WLD rebounded from a $0.26 low and climbed to a monthly high of $0.31.
At press time, Worldcoin traded at $0.30, up 14% on the daily chart. Over the same period, its market cap reclaimed the $1 billion mark, signaling renewed capital inflows.
Worldcoin rebounds amid recovering whale demand
Despite the increased market instability, WLD whales have signaled a return to the market. Average Order Size data from CryptoQuant showed large whale orders over the past week, with these orders intensifying around the $0.26-$0.29 price levels.
This period of increased whale participation has coincided with a relative market stability, suggesting these whales have been active on the buy side.
In fact, the Spot Taker CVD has remained green over the past week, jumping to a monthly high. When this metric is red, it suggests buyers dominate the spot market.
Therefore, these whales have been actively accumulating, establishing a strong demand zone between $0.26 and $0.29 levels. Usually, when whales accumulate, they reduce supply, increasing scarcity and thus strengthening the upside momentum.
Furthermore, exchange activity has reinforced the trend of accumulation. Over the past week, $122 million in WLD left exchanges compared with $117 million in inflows. This pattern persisted at press time, with $29.57 million flowing out.
Historically, when demand holds steady on the spot side, it has strengthened the upside momentum, leading to more gains.
Is WLD upside momentum sustainable?
Worldcoin extended the market recovery, not only pushed by a broader market shift but also by growing whale demand.
As a result, WLD’s Positive Index (+DI) climbed to 26, while the ADX rose to 20. With +DI positioned above ADX, the signal points to strong upside momentum. Market conditions remain driven by bullish pressure, and with the Negative Index (‑DI) at just 10, bears appear fragile.
After a prolonged period of weakness, sellers have largely been exhausted.
Likewise, the Stochastic RSI also jumped to overbought at 95, further confirming strong buying pressure. Taken together, these two momentum indicators signal the likelihood of a continuation of the bullish trend.
Therefore, if whales continue to accumulate WLD, we could see the market gain more, hit $0.32, and eye $0.36. However, the altcoin must close above $0.3 to validate this bearish outlook; otherwise, WLD will drop to $0.23.
Final Summary
- WorldC\coin rallied 14%, successfully flipped $0.3, and jumped to a monthly high of $0.31.
- WLD’s upside movement was strengthened, largely driven by increased whale accumulation.
