- Worldcoin sustains steady upward movement with mild weekly gains.
- Technical indicators and the RSI strengthen the bullish structure.
- Open Interest and OI-weighted data confirm growing trader activity.
- Bullseye’s next targets are at $2.23, $3.70, and $6.08 if momentum holds.
Worldcoin (WLD) is showing signs of recovery as its price continues to climb, reflecting a broader positive shift across the crypto market. Over the past 24 hours, WLD has gained nearly 1.44%, while its weekly rise stands at 1.1%.
At the time of writing, the token is trading at $1.30, supported by a market capitalization of $2.81 billion, a modest 1.51% increase. However, trading volume has dipped 9.55% to $197.86 million, suggesting short-term consolidation as investors await confirmation of a breakout continuation.
Also Read: Worldcoin Price Analysis: WLD Consolidates Before Possible $2.30 Breakout
Technical Indicators and RSI Strengthen Bullish Setup
The WLD chart displays a major technical shift following a breakout from its long-standing descending channel on the 3-day timeframe. This breakout marks a potential reversal after months of sideways to bearish movement. The current retest near the $1.26–$1.30 range holds significance, as maintaining this zone could validate the breakout and spark continued bullish momentum.
WLD is also trading above the 50-period simple moving average, which previously acted as resistance but now serves as firm support. This transition signals renewed buyer control. The Relative Strength Index (RSI) continues to be neutral, though slightly positive, allowing for some additional rise without touching overbought levels.
If this trend persists, traders will likely probe an area above at $2.23, $3.70, and $6.08, points corresponding with areas of historic supply and volume nodes. A successful close above the range retracement will be important in confirming a continued break towards such targets.
Worldcoin Market Activity and Sentiment Strengthen
Worldcoin’s derivatives data provides a clear image of expanding market interest. Open Interest has grown 4.65% to $479.52 million, which is a builder of trader positions expecting near-term volatility. This increase in OI generally reflects expanding interest and belief that a corresponding continuation movement is likely.
The OI-weighted funding rate is at 0.0067% currently, indicating mildly bullish sentiment for the duration of long traders being predominantly dominant. This information helps us recognize that, although there is optimism, traders are holding cautiously, not risking extremely leveraged long positions.
These two points, when combined, signal a healthy market configuration with upward room for movement. Provided that, at the least, WLD remains above the $1.13–$1.26 support level, market sentiment should remain bullish, setting the stage for a likely break towards $2.23 on a short-term note.
Also Read: Worldcoin Price Alert: Bearish Flag Signals Drop to $1.19 Before $2.92 Rally
