Worldcoin’s Spectacular Leap: Will It Soar to $2 or Just Tumble Down? 🤔💰

by

Key Takeaways

  • Oh là là! WLD has leapt a staggering 23% after a $135M token sale to the illustrious a16z and Bain Capital.
  • WorldChain DEX volume has spiked to a dazzling $2.9M on May 20 — a veritable high for the past five months!
  • Open interest has reached a four-month high of $412.77M, a delightful 28.9% increase since February. Bravo!
  • RSI at 71.44, MACD momentum, and a rising BBTrend confirm the strength of this trend. Who knew numbers could be so charming?
  • Support is lounging at $1.45; resistance zones are frolicking at $1.70 and $1.96. Quite the party, I must say!

Bitcoin’s all-time high of $111,861 on May 22 has sent the Crypto Fear & Greed Index soaring to 73 (Greed), igniting a frenzy among altcoins. Worldcoin (WLD) has surged 23% after its foundation sold $135M in tokens to a16z and Bain Capital at spot price, without discounts or lockups. A true spectacle!

In the wake of this rally, the World Foundation, the proud parent of Worldcoin, confirmed that the $135M raised from a16z and Bain Capital came from direct spot purchases of liquid WLD tokens. This funding will expand its biometric Orb technology both in the U.S. and abroad. The World Foundation sees this as a noble push for “proof-of-personhood” in the age of AI, focusing on Orb expansion and token model improvements. How avant-garde!

Worldcoin is currently trading around $1.50. In just 24 hours, its volume has surged by a whopping 161.86% to $1.12B, and its market cap has jumped from $1.80B to $2.34B — a delightful 30% spike, signaling renewed confidence and aggressive accumulation. What a rollercoaster!

Worldcoin, WLD/USD Structure Breakout with Volume Confirmation

WLD has rebounded from a low of $0.57 in May, forming a V-bottom and breaking out of a descending triangle pattern. The breakout, driven by the $135M buy-in, has pushed the price above $1.52. Magnifique!

DEX volume has also surged to $2.9M — the highest since December — highlighting strong retail momentum. The crowd goes wild!

The bullish structure holds as long as the price remains above $1.45. Resistance lies at $1.70 (a psychological and Fib zone) and $1.96, with $2.00 acting as the next major breakout threshold. A drop below $1.33 would weaken the trend and expose downside to $1.10. Oh dear!

WLD Coin Indicators: BBTrend and Futures Metrics Align

BBTrend, which tracks directional strength using Bollinger Band volatility, has surged to +22.77 — its strongest reading in months — signaling a shift from sideways compression to directional expansion. Voilà!

The BBTrend with SuperTrend Strategy has also flipped bullish, moving from -49.05 in March to +15.32 in May. What a transformation!

SuperTrend adds a dynamic trend-following signal based on ATR (Average True Range); it turns upward during bullish phases and downward during bearish moves, making it a reliable visual cue for trend validation. No exit signal has appeared, confirming trend continuation. How reassuring!

Open interest in WLD futures has climbed from $320.28M in February to $412.77M by May 23, a four-month high and a 28.9% increase — confirming steady capital inflow into leveraged long positions. A round of applause, please!

Supporting indicators echo this strength. RSI at 71.44 reflects sustained bullish momentum, MACD remains in a positive crossover, and both OBV and CMF (+0.10) show steady accumulation. What a delightful symphony of numbers!

Verdict: Bullish Setup, But Follow-Through is Key

Worldcoin WLD’s 23% rally above $1.50 is backed by strong technicals and on-chain confirmation, including rising DEX volume and futures market interest. Institutional spot buying and alignment across RSI, MACD, BBTrend, and CMF support the bullish outlook. A standing ovation is in order!

However, a confirmed breakout above $2.00 remains crucial. If the price holds above $1.45, bulls may target $2.75–$3.27 in the coming weeks. A breakdown below $1.33 would shift bias back to neutral. What a cliffhanger!

Primary Targets: $1.70, $1.96, $2.00

Mid-Term Range: $2.75–$3.27

Critical Support: $1.33–$1.41

Read More

2025-05-23 16:04