WorldCoin [WLD] is up 11.29% to $0.532 on the 24-hour timeframe, well above the 0.76% rise recorded by the broader market. All credit goes to investors as they pour money into altcoins and the fresh wave of interest in tokens linked to AI services.
The tokens long-term sentiment still sparks bullish signals. WLD is also up 23.76% over the past week, building on the recent recovery while keeping buying interest in control of price movement.
Can WLD extend its breakout？
On the derivatives side, trading activity across the Worldcoin network has stayed high, with its daily volume maintaining itself at above $500 million.
As per the current figures from the networks, the total trading volume stands at $665 million, having experienced a 15% increase during the day. This is an indication that the recent price gains are being supported by market activity.
Source: Santiment
At the same time, WLD has also cleared the $0.50 psychological level, giving buyers a higher base to build on if momentum persists. Upon clearing the psychological price level, the network whales have accumulated more orders in the future, as seen from the recent average order size data.
This points to a strategic accumulation as the path to the imbalance zone between $0.55 and $0.60 now remains clear.
Source: CryptoQuant
On the spot market, buyers are still extending their dominance. WLDs 90-day Spot Takers cumulative volume delta data indicates an increased buyer dominance over the last six days.
Source: CryptoQuantCould the rally proceed past the $0.55-$0.60 imbalance zone？
The results of the increased market and whale activity are visible on the daily chart. The token has recorded a week of consistent explosive bullish moves.
The next major hurdle sits within the $0.55-$0.60 range, where a market imbalance could create resistance and trigger profit-taking.
For prospective investors, if buyers absorb the available supply in this zone, WLD could gain room to advance toward the $0.65 resistance level.
However, rejection around the imbalance could send the token back toward the $0.50 area and test whether the recent breakout can hold.
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Source: TradingView
All in all, Worldcoin‘s rising altcoin appetite, increasing whale orders, and sustained trading volume continue to support WLD’s momentum. The reaction around the imbalance zone will likely determine whether buyers can extend the current advance or sellers regain control.
Final Summary
- WLD jumps by more than 11.29% to $0.532 as capital rotates into altcoins.
- The network whale and trading action could form the base for a potential breakout from a key imbalance zone.