Worldcoin Soars 37% After $135M Funding Round
Key Takeaways
- Worldcoin (WLD) saw a 37% price increase within a single day.
- Trading volume rose by approximately 140% over the same period.
- A pullback to support zones at $1.40 or $1.32 is possible.
- Technical indicators suggest a short-term overbought level.
- The long-term trend remains bullish, with a potential rise above $2.
Strong Price Surge Following Funding Round
Worldcoin (WLD) recently made headlines: within 24 hours, its price surged by 37%. The catalyst was a funding round in which the Worldcoin Foundation raised 135 million USD by selling tokens to early investors. This capital is intended to support the expansion of the network. The market reacted immediately—with a significant price jump and trading volume nearly doubling compared to the previous day.
Technical Analysis: Support and Resistance Levels
The daily chart shows a clear uptrend. As early as late April, WLD broke through the psychologically important $1.00 mark. After a brief pullback in early May, the price once again tested the demand zone around $1.07. This movement suggests a so-called liquidity grab—a typical behaviour in volatile markets.
The next significant resistance lies at $2.00. If the current trend continues, a move into this range is possible in the coming weeks. The On-Balance Volume (OBV) indicator confirms the uptrend through higher highs and higher lows.
RSI Indicates Short-Term Overheating
The Relative Strength Index (RSI) on the 4-hour chart currently sits at 87. Values above 70 indicate an overbought market environment. A short-term pullback is therefore likely. Even when the market appears strong in the short term, prices rarely move in only one direction for long.
Strategies for Traders: Entry Points and Profit-Taking
If you’re planning to enter WLD, avoid buying into the current rally. Patience pays off. Two potential support zones present attractive opportunities for a long entry:
- $1.40: This level previously acted as resistance and could now serve as support.
- $1.32: A deeper pullback to this level is also conceivable.
If you’re already invested, it might be wise to take partial profits—especially on leveraged positions. This secures gains and reduces risk in the event of a correction.
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Our Assessment
Worldcoin is currently showing strong performance, backed by fundamental developments and technical momentum. The long-term trend remains positive, though a short-term correction is likely. Those already invested should consider taking profits. New investors are better off waiting for a pullback to the mentioned support zones. The coming weeks could be decisive in determining whether WLD can sustainably rise above $2.00.
Sources
- TradingView
- Worldcoin Foundation
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