Worldcoin price has initiated the monthly trade on a bullish note, with the price rising close to 20%, reaching $0.46, while the volume has increased by 120%. The price moved above $0.39, confirming bullish momentum. Currently, the token appears to be entering a decisive phase after breaking above a multi-month resistance zone that had repeatedly capped bullish attempts since February.
The breakout comes alongside a surge in trading volume, rising open interest, and positive funding rates, signaling renewed market participation and strengthening the case for further upside.
Worldcoin Confirms Breakout Above Key Resistance
The daily chart shows WLD price successfully clearing a major resistance range between approximately $0.35 and $0.43. The latest breakout stands out because it was accompanied by a significant increase in trading volume, indicating a genuine buyer conviction. More importantly, the move has pushed WLD above its 200-day Simple Moving Average near $0.415, a technical level widely monitored by traders to gauge long-term trend direction.
The breakout has transformed the former resistance area into a potential support zone. As long as WLD remains above the $0.43–$0.44 region, buyers retain control of the current trend. The Relative Strength Index (RSI) has climbed above 74, reflecting strong momentum. While the indicator has entered overbought territory, such readings are common during the early stages of breakout rallies and do not necessarily signal an immediate reversal.
Key Levels to Watch
- Immediate Support: $0.43–$0.44
- Secondary Support: $0.35
- Current Price: $0.47
- Major Resistance: $0.66
Open Interest and Funding Rates Support the Bullish Case
Worldcoin’s open interest has surged to approximately $283 million, marking one of the sharpest increases seen over the past year. Rising open interest alongside rising prices typically indicates fresh capital entering the market rather than existing positions simply rotating. At the same time, volume-weighted funding rates have recovered from deeply negative territory and moved back above zero. Positive funding rates indicate that long-position holders are paying short sellers, reflecting growing bullish sentiment across perpetual futures markets.
The combination of rising open interest and positive funding rates suggests traders are increasingly positioning for further upside following the breakout. Together, these metrics indicate that the rally is being supported by increasing market participation and improving sentiment rather than speculative excess alone.
Can WLD Rally Another 50%?
The next major resistance level for Worldcoin (WLD) price sits near $0.66, a region that served as a key support area before turning into resistance during the broader downtrend. A move from the current price near $0.47 to $0.66 would represent an advance of roughly 40% to 50%, making it the most important upside target for bulls in the near term.
If buying momentum continues and the breakout remains intact, traders may begin targeting this level over the coming weeks. However, maintaining support above the newly reclaimed breakout zone remains critical. A breakdown below the $0.43 region could weaken bullish momentum and increase the likelihood of a retest toward lower support levels.
Was this writing helpful?
Story Ends Here
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Read the Next News
