- Worldcoin (WLD) surged 20% after a $135M direct token buy from a16z and Bain Capital Crypto, breaking out of a bearish pattern.
- Strong technical indicators now point to a potential rally toward the $2 mark if momentum continues.
Worldcoin (WLD) has captured the spotlight with a stunning 20% surge in the past 24 hours, becoming one of the top-performing altcoins in the crypto market. This explosive rally follows a game-changing $135 million direct token purchase by heavyweight investors a16z and Bain Capital Crypto.
Unlike traditional venture rounds, this funding wasn’t locked or discounted — it was a direct market buy. That bold move sent a clear signal: institutional confidence in WLD is soaring. The result? A decisive breakout from a descending triangle pattern that had been capping the altcoin’s upside for weeks.
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As of press time, WLD is trading at $1.52 — a level not seen since February 2025 — with a staggering 155.56% increase in trading volume, now totaling $1.12 billion. Its market cap has climbed to $2.31 billion, representing a 0.0634% share of the total crypto market.
Technical indicators are echoing the bullish sentiment. The 50-day EMA has flipped into support, while the 200-day EMA around $1.50 serves as a critical resistance point. A clean break above could pave the way for a move toward the psychological $2 level.
Momentum indicators further strengthen the bullish case. The RSI is nearing overbought territory, reflecting growing buyer interest. The Awesome Oscillator is now in positive territory, and the Bull Bear Power indicator confirms bullish dominance. On top of that, the Supertrend indicator has turned green and sits below the current price, cushioning against potential pullbacks.
If WLD breaks through the 0.618 Fibonacci level at $1.65, the rally could accelerate. Seven straight green candles on the 4-hour chart suggest steady accumulation since the funding announcement on May 21.
Still, caution is warranted. A sudden spike in WLD tokens being moved to exchanges could signal incoming sell pressure. Key support levels lie at $1.25 and $1 if a retracement occurs.
For now, with renewed institutional backing and compelling technical signals, WLD appears primed for a bullish reversal — and possibly, a run toward $2.