- WLD price jumps 24% as it nears a key breakout level on the daily chart.
- Derivatives activity surges with a 20% rise in Open Interest, favoring bullish trades.
- RSI is in the overbought zone, hinting at a possible short-term cooldown.
Worldcoin (WLD) is grabbing attention with a sharp 24% surge, now testing a critical breakout point. Trading near $1.27 and backed by nearly $939 million in 24-hour volume, WLD’s strong momentum has traders eyeing a potential trend reversal.
WLD Tests Key Trendline After Big Price Jump
Worldcoin’s price is heating up. After being stuck in a downtrend for months, WLD has jumped over 24% and is now testing a major trendline on the daily chart. This trendline has kept prices low since early 2024, but now, bulls are pushing hard against it.
The current price is around $1.27. A move above $1.50 with strong volume could confirm a breakout. According to trader Captain Faibik, a breakout could open the way for a rally toward $5.22—a possible 203.35% gain from the breakout zone.
The chart shows strong candles and high volume, both good signs for bulls. If the price closes above the trendline, it may start a new uptrend.
Derivatives and Spot Traders Back the Move
The momentum isn’t just on the chart. The derivatives market is also seeing big action. Data from CoinGlass shows Open Interest in WLD jumped 20% in one day to $447 million. The long-to-short ratio stands at 1.05, meaning more traders are betting on the price going up.
Binance is leading the charge here, with $116.03 million in Open Interest and $228.71 million in daily trading volume for WLD. This shows traders are heavily focused on this token.
Spot traders are also joining in. Last week, WLD saw $8.77 million in spot buys, compared to just $285,000 the week before. That’s a huge jump and shows strong buying from retail traders. More spot buying adds support to the ongoing rally.
Technical Signals Strong,RSI Suggests Caution
The 4-hour chart shows strong signals. The MACD indicator has made a bullish crossover, which means the buying trend is gaining strength. Volume has also jumped to 63.19 million, adding more weight to the move.
RSI is at 89.36 meaning WLD is in overbought territory, and a short-term pullback or sideways movement is possible.WLD’s market cap jumped from $1.75 billion on September 6th to around $2.6 billion by September 8th. That kind of jump confirms strong interest and inflows from investors.
