- WLD surged 9.46%, currently trading at $1.28 with a market cap of $1.33B.
- RSI at 66.67 indicates strong buying momentum, nearing overbought levels.
Worldcoin (WLD) has gained significant traction, rising 9.46% in the last 24 hours. The token is currently trading at $1.28, with a market cap of $1.33 billion, reflecting a 9.81% increase. Its 24-hour trading volume surged 45.79% to $207.82 million, bringing the market cap ratio to 15.51%.
Adding to this momentum, Worldcoin has launched Priority Blockspace for Humans on its World Chain testnet. This innovation aims to enhance blockchain efficiency and prioritize human-oriented transactions, improving accessibility and scalability.
Will WLD Surge Further?
WLD is showing bullish strength, with resistance at $1.30. A breakout above this level could push the price toward $1.35-$1.40. If selling pressure emerges, support at $1.20 may be tested. A drop below this level could bring WLD down to $1.15, potentially leading to further downside toward $1.10.
The RSI is at 66.67, nearing the overbought zone of 70. This suggests strong buying momentum but also raises the possibility of a cooldown. The RSI average is 49.56, showing that WLD has shifted from a neutral to a bullish phase. If RSI moves past 70, a short-term retracement could occur before further gains.
WLD is currently trading above key moving averages, reinforcing the bullish outlook. A recent moving average crossover signals continued strength, indicating that buyers are dominating. If the trend remains intact, WLD could aim for $1.35-$1.40 in the short term. However, failure to sustain momentum may lead to consolidation.
The CMF is at 0.11, suggesting positive inflows and rising accumulation. A higher CMF value indicates strong buying pressure, confirming that investors are backing the current rally. If the CMF continues to rise, WLD may push toward its next resistance.
The launch of Priority Blockspace for Humans on its testnet adds fundamental strength to its ecosystem. If resistance at $1.30 breaks, $1.35 becomes the next target. However, a failure to hold $1.20 could lead to a decline toward $1.10.
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