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- WLD surged 21.36% in 24h to $1.26, with trading volume jumping 216.44% to $1.29B, signaling strong demand.
- Analysts identify a bullish breakout after extended consolidation, projecting a price target of $4.00.
- Volume hit $3.95B, and open interest rose 9.64% to $535M; momentum hinges on holding above the $1.40 breakout level.
Worldcoin (WLD) is currently trading at $1.26, showing a 21.36% increase in the past 24 hours. The trading has been performing strongly as the volume has grown by 216.44 percent to $1.29 billion. Such a steep increase indicates expanded market participation and an optimistic mood among traders and investors.
Source: CoinMarketCap
In the past seven days, the price of WLD has improved by 43.08%, which indicates a steady growth on an upward trend in the market. This increase in price levels combined with the volume increment is an indication of growing demand, and this makes Worldcoin a token that is gaining more attention in the crypto sphere.
WLD Breakout Signals Bullish Momentum
Crypto analyst Jonathan Carter highlighted that after several months of consolidation, WLD exited a symmetrical triangle pattern on the 2D chart. His price targets of $1.40, $2.00, $2.80, and $4.00 further justified the significance of the breakout.
WLD was able to rise above a resistance level, which had previously limited upward movement in prior sessions. This pattern was viewed as an indicator of fresh vigor, and there might be further bullish momentum towards the expected targets.
Source: X
Moreover, one more analyst, Crypto Dodo, revealed that WLD has been trading in a 1.5 year descending channel and is currently straining the breakout zone. He cautioned that a close above $1.40 will only confirm momentum. In case this threshold is reached, his long-term goals are at $4.09 and $12.60.
Source: X
Also Read: Metaplanet Expands Bitcoin Holdings to 20,136 BTC After Fresh Purchase
Rising Open Interest Signals Active WLD Market
According to CoinGlass data, the trading volume increased by 257.66 percent to $3.95 billion. Open interest grew by 9.64% to $535.17 million. The OI-Weighted Funding Rate stands at 0.0160%. Such signals demonstrate that traders are growing exposure but anticipate more volatility in WLD markets.
Source: CoinGlass
Expanding liquidity is an indicator of increased participation. This increase suggests that both institutional and retail investors are involved. Analysts emphasize that confirmed breakouts usually produce follow-through moves. Identifying whether the momentum can advance or not is contingent upon the $1.40 level.
WLD, presently above resistance, may test higher zones within a short period of time. Analysts are interested in the potential for gains to be sustained or whether they will diminish under pressure. An extension would serve to play up further increases. In the short term, the move by WLD has put price history and market data into a technically bullish position.
Worldcoin is currently at a pivotal point. The next stage will be based on sustained volume and support at higher breakout levels. Traders are keenly waiting to see signs of weakness or strong performance. The recent breakout has already established WLD as one of the most active tokens in the market.
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