Worldcoin Surges 13% – Is $0.45 Just the Beginning or a Dead End for WLD Investors?

Worldcoin Surges 13% – Is $0.45 Just the Beginning or a Dead End for WLD Investors?

Worldcoin [WLD] just flipped the script, rallying over 13% in a mere 24 hours and doubling its weekly profits past the 26% mark. It’s been on fire for the past month, cruising with gains north of 50%. Now, you might be scratching your head — how is Worldcoin defying the odds, especially with a tidal wave of tokens unlocking? The answer lies in a surge of fresh enthusiasm around AI, sparking not just Worldcoin but its AI-driven crypto cousins to post impressive double-digit gains. Throw in some heavy buying, large player moves, and a cascade of short liquidations, and you have the perfect storm that’s pushing WLD off the charts. But the big question remains — is this momentum the start of a genuine market shift, or just a flash in the pan? Let’s peel back the layers and see what’s really fuelling this rally. LEARN MORE.

Worldcoin [WLD] rallied by more than 13% in the past 24 hours, doubling its weekly profits to over 26%. The altcoin has been, on average, bullish over the past 30 days, with gains exceeding 50% as of press time.

The altcoin is surging amid renewed interest in AI despite a massive token unlock. Here are the bullish signals that outweighed the unlock’s selling pressure:

Why is Worldcoin rallying?

Renewed interest in AI was evident not only in Worldcoin but also in Near Protocol [NEAR], Bittensor [TAO], Injective [INJ], and Internet Computer [ICP]. They all recorded double-digit gains from a similar time scale.

The buying activity was evident in the reading of the Spot Taker CVD of the past three months. This metric had flipped green in the last two days of August, indicating buyer dominance.

Worldcoin WLD
Source: CryptoQuant

Additionally, the Long/Short Ratios on Binance and OKX were all above 1.70. The Top Trader Long/Short ratios for accounts and positions are 1.93 and 2.11, indicating large players were invested.

As a result, this buying volume forced a spike in liquidation of leveraged shorts, wiping out more than $1.20 million in 12 hours. Such activity accelerated the rally. On the other hand, only $490K in long orders was liquidated.

Source: CoinGlass

WLD price breaks out—Is a market structure shift unfolding?

Apart from leveraged buying and short liquidations pushing WLD higher, its technical outlook was also aligned.

The altcoin broke above the $0.41-$0.45 zone, which is the most recent lower high. It was also the neckline of an inverted head-and-shoulders pattern. The breakout hinted at a potentially shifting market structure.

Therefore, WLD’s bullish target areas would be $0.55 and above the true close at $0.67. But that would only happen if bulls could keep the altcoin above the supply zone, which closes at $0.45.

WorldcoinWLD
Source: WLD/USDT on TradingView

However, the RSI divergence was still having a bear signal even though its reading at 67 was above the neutral level. The reading indicated the selling pressure was yet to be exhausted.

Why could this rally be a dead cat bounce?

The selling pressure still exists after the scheduled unlock of 69 million WLD tokens on the 7th of September, valued at $28 million. This amount is only a fraction of 87 million tokens set for September.

This selling pressure puts the rally at risk.

WorldcoinWLD
Source: Tokenomist

On top of that, the market structure was yet to be confirmed, as the price was ranging around $0.45.


Final Summary

  • Worldcoin surges by more than 13% amid AI coins’ awakening, buying activity, and short liquidations. 
  • WLD’s bulls attempt to break past $0.45, which would confirm a bullish market structure shift on the daily chart. 

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