Worldcoin could increase by 25% to $1.35 if it holds support at $1.05.
Overtrading between $1.05 (support) and $1.11 (resistance) is creating breakout pressure.
Worldcoin [WLD] is poised for a strong increase as interest from institutions and whales is surging.
Since the beginning of April, WLD has increased by over 111%. However, after reaching its peak, it has entered a correction phase and is currently trading near $1.07.
Whale and institutional participation is rising sharply, is it a bullish signal?
On April 30, on-chain analysis company IntoTheBlock revealed that whales and institutions have strongly engaged in this asset.
Source: IntoTheBlock
Large trades have increased by 42% in the past 24 hours, while the number of active addresses has increased by 43% – a positive signal.
Another indicator from IntoTheBlock shows that whale transactions worth between $100K and $1 million have increased by 384%.
This activity from whales could indicate strong accumulation, reflecting optimism about the price.
Source: IntoTheBlock
68% of WLD traders choose to buy long-term
Additionally, the Long/Short ratio of WLDUSDT on Binance is 2.12, reflecting a clear bullish trend.
This indicator shows that 67.95% of top traders have opened long positions, while only 32.05% are bearish.
During the same period, intraday traders also supported the bullish trend, according to data from CoinGlass. They placed $3.63 million in long positions and $2.77 million in short positions at these key levels.
This confirms that buyers still dominate in both staking direction and capital commitment.
Combining these indicators, it seems that smart money is flowing in, and both traders and investors are showing strong confidence in WLD, which could push the price higher.
Worldcoin price action and key levels
According to technical analysis from TinTucBitcoin, WLD appears bullish and is currently testing the breakout level at $1.05.
Source: TradingView
Based on daily charts and past price momentum, if the asset holds above the critical support level of $1.05, WLD could rise by 25% and reach $1.35 in the near future.
Conversely, if WLD drops below this critical support level, sentiment may turn negative and push the asset down by 20%, potentially to $0.815.
Source: https://tintucbitcoin.com/worldcoin-ca-voi-san-wld-nha-dau-tu-nho-se-theo/
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