Can WLD price continue to increase? | Credit: Hameem Sarwar
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Key Takeaways
WLD has broken out of a falling wedge and crossed above its realized price.
Support at $1.13 and bullish technical indicators suggest WLD could target $2.80.
Current setup supports a rally toward $3.36 depending on WLD’s buying pressure.
WLD, the native token of Sam Altman-backed Worldcoin, appears to be positioning for a potential move toward $3. This outlook follows a 55% surge over the past 30 days.
Earlier, Worldcoin’s price climbed to $1.40, its highest price since May 27, before pulling back slightly to $1.27 as of today. Despite the short-term dip, on-chain analysis suggests this retracement may be temporary, with indicators pointing toward continued accumulation.
If current trends hold, Worldcoin could be on track to set a new yearly high. Here is a breakdown of how that could play out.
Worldcoin Holds Support
To begin with, data from the In/Out of the Money Around Price (IOMAP) reveals that Worldcoin’s price has strong support around $1.13.
Over 2,000 addresses accumulated approximately 131.62 million WLD tokens at this average price and are currently sitting on unrealized profits.
This cluster of profitable holders creates a solid demand zone, making the price less likely to decline.
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Moreover, this support base is stronger than the volume of addresses in unrealized losses, specifically those who bought between $1.22 and $1.40.
The imbalance between profitable and loss-holding positions suggests that bulls still have the upper hand. Should buying pressure increase, WLD’s price is likely to break higher.
WLD In/Out of Money Around Price | Credit: IntoTheBlock
No More Consolidation
Besides that, Worldcoin’s price has broken above its realized price for the first time since May 7. The realized price represents the average cost basis of all current holders and is used to gauge sentiment and profitability.
When the market price rises above the realized price, it typically signals a shift toward net holder profitability, which can boost investor confidence and reduce selling pressure. A decline, on the other hand, acts as resistance, suggesting that correction could be near.
Since it is the former, the crossover strengthens the case for a continued uptrend, indicating a transition from capitulation to accumulation for WLD.
From a technical perspective, the daily chart suggests that Worldcoin’s price may be ready to continue moving higher after breaking out of a falling wedge.
A bullish crossover on the Moving Average Convergence Divergence (MACD) supports this breakout. Specifically, the 12-day Exponential Moving Average (EMA) (blue) has crossed above the 26-day EMA (orange).
In parallel, the Awesome Oscillator (AO) has surged into positive territory, further confirming the presence of upward momentum.
If this trend persists, WLD could breach the key resistance at $1.95, paving the way toward $2.80. A successful breakout above that level could open the door to a further leg up to $3.36, potentially establishing a new year-high.
However, if selling pressure increases, this bullish setup could be invalidated. In that case, Worldcoin’s price may fall below $1, re-entering a bearish zone and potentially revisiting lower support levels.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
