The WLD token, linked to Sam Altman, is currently the leader in growth. The altcoin is trading at $1.53, marking a 25% price increase in the last 24 hours.
This price surge occurred after a $135 million capital infusion into the project, signaling strong institutional confidence in the long-term prospects of Worldcoin and sparking renewed interest from retail investors.
The positive momentum of WLD following the $135 million infusion — is further growth expected?
On May 21, Worldcoin announced a significant capital injection of $135 million, led by venture firms a16z and Bain Capital Crypto, through a direct purchase of WLD tokens. This triggered a substantial buying momentum in the market, pushing the price of WLD to a three-month high of $1.64 by Thursday.
Although WLD has since experienced a slight pullback and is trading at $1.53 at the time of publication, bullish sentiment remains strong. The metrics from the Awesome Oscillator for the token, observed on the daily chart, confirm this. At the time of publication, the momentum indicator shows a green signal, and the histogram records a value of 0.195. This marks the second consecutive day of positive momentum following a seven-day period of red bars.
The Awesome Oscillator compares the current market momentum of an asset with its long-term momentum, helping to identify potential trend changes. When it shows green histograms and positive values, it indicates that the current momentum is strong and bullish sentiment is increasing.
This suggests that the price of WLD may continue to rise, presenting a potential buying opportunity for market participants.
Moreover, the daily trading volume of WLD continues to surge, indicating that the price increase is backed by real demand for the tokens rather than speculative trading activity. At the time of writing, the trading volume of the altcoin has risen by 159%, surpassing $1 billion. When both the price of an asset and trading volume increase simultaneously, it signals strong market interest and heightened demand. This trend indicates that the rise in the price of the WLD token is supported by conviction, rather than short-term speculation.
A breakout in WLD could lead to January highs — unless those taking profits intervene.
The double-digit growth of WLD raised its price above the resistance formed at the $1.42 level, turning it into support. If demand increases and this support level strengthens, the altcoin could continue its rise to $1.95, a level it last reached on January 27. However, a resurgence of profit-taking activity could invalidate this bullish outlook. If sell-offs resume, WLD may lose its recent gains and test support at the $1.42 level. If it fails to hold, this could lead to further declines to $1.18.