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- WLD breaks out of $1.00–$1.67 consolidation zone.
- Spot CVD and long positions indicate bullish momentum.
- Immediate targets: $2.34, $3.12; upside potential: $4.
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The Worldcoin (WLD) price has captured market attention as whales begin realizing profits, yet technical indicators suggest the rally may have more room to run. After a significant whale deposited 1.55 million WLD ($2.69 million) into FalconX, the market saw profit-taking but WLD still holds strong above critical support, pointing to potential upside for traders and investors alike.
WLD Breaks Out of Consolidation
After months of hovering between $1.00 and $1.67, WLD recently breached the $1.67 resistance level, now trading near $1.93. This breakout signals bullish momentum, with short-term resistance at $2.34 and $3.12. Analysts highlight that a surge to $4.00 remains a realistic target if buying pressure continues.
Technical indicators reinforce this positive outlook. Spot Taker CVD shows buyers dominating the market, absorbing whale selling and maintaining upward price pressure. This resilience suggests both retail and institutional investors are confident in higher levels, creating a counterbalance to profit-taking activity.
Trader Sentiment Remains Bullish
The long/short ratio on Binance currently favors bulls, with long positions at 62.15% compared to 37.85% shorts. A Long/Short Ratio of 1.64 underscores strong speculative demand, while positive funding rates further highlight the appetite for long exposure.
However, analysts caution that overexposure to long positions could trigger forced liquidations if the price experiences a sharp pullback. Traders are closely watching whether momentum can sustain without overheating the market.
Next Moves for WLD Price
Despite the cautionary signals, buyers remain firmly in control of order flow. Spot CVD and consistent accumulation trends support the bullish case, positioning WLD to potentially test $2.34 and $3.12 in the near term, with $4.00 as a key upside milestone.
In conclusion, while whale profit-taking creates temporary uncertainty, Worldcoin’s price structure, strong demand, and bullish trader sentiment indicate that the breakout may extend further. Traders should monitor resistance levels and accumulation patterns to gauge the sustainability of this rally.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Worldcoin Surges 121% This Week as WLD Breaks $2 Amid Eightco $250M Treasury Boost
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
