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- Worldcoin (WLD) gained 11% in 24 hours, breaking key resistance.
- Open Interest surged 20% to $447M, signaling strong bullish demand.
- Spot investors are accumulating WLD, with $1.5 as the next target.
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Worldcoin (WLD) has emerged as one of the strongest performers in the crypto market over the past 24 hours, gaining more than 11% as both spot and derivatives activity surged. The move has strengthened bullish momentum and opened the door to a potential rally toward $1.5.
Derivatives Market Sees Strong Liquidity Inflows
According to data from CoinGlass, Worldcoin’s Open Interest climbed 20% in the past day, reaching $447 million. This $112 million increase was heavily tilted in favor of the bulls, as the long-to-short ratio rose to 1.05. A ratio above 1 typically signals greater buying pressure than selling activity, suggesting bullish dominance in the derivatives market.
Binance played a pivotal role in this surge, recording the highest Open Interest at $116.03 million and trading volume at $228.71 million. The exchange’s trading volume ratio of 2.2 further reinforced its influence on WLD’s recent price action.
Spot Activity Strengthens the Bullish Case
Momentum in the spot market has also been building. Last week, investors purchased $8.77 million worth of WLD, a sharp increase from just $285,000 the week before. CoinGlass data shows another $290,000 was added at the start of this week.
Notably, many investors are moving their holdings into private wallets, a trend typically associated with long-term conviction and a belief in further upside potential.
Worldcoin Targets $1.5 Breakout
Technical analysis indicates that WLD has broken out of a bullish triangle pattern, clearing a key resistance level. If this breakout holds, the next target could be $1.5, aligning with the upper boundary of its fractal formation.
Also Read: Worldcoin Price Nears $1 After OpenAI–GSA Deal, But Trading Volume Slips
Given the strong liquidity inflows, bullish derivatives positioning, and rising spot accumulation, analysts suggest that Worldcoin may have more room to rally in the near term.
Worldcoin’s latest surge reflects a blend of institutional-scale liquidity, heightened retail participation, and strengthening investor confidence. If momentum continues, WLD could realistically test the $1.5 mark in the coming days, cementing its role as one of the market’s standout altcoins.
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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
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!
