The altcoin Worldcoin (WLD), linked to Sam Altman, leads the day's gains, trading at $1.53 — a 25% increase in the last 24 hours.
The rally was driven by a $135 million investment in the project, demonstrating strong institutional confidence in Worldcoin's prospects and reigniting retail investor interest.
Positive momentum after new funding: Can WLD rise further?
On May 21, Worldcoin announced a significant investment of $135 million, led by venture capital managers a16z and Bain Capital Crypto, through the direct acquisition of WLD tokens. The influx of funds generated strong buying demand, driving the asset to a three-month high of $1.64 on Thursday.
Despite having slightly retreated to $1.53 at the time of this report, the bullish sentiment remains predominant. Technical indicators, such as the Awesome Oscillator on the daily chart, reinforce the positive outlook.
WLD Awesome Oscillator. Source: TradingView
At the time of this report, the momentum indicator is in positive territory, with the Awesome Oscillator histogram marking 0.195 — the second consecutive day of green bars, following seven days of negative readings.
This oscillator compares the current market momentum with the long-term one, being useful for detecting trend changes. Green bars and positive values indicate strengthening momentum and increased optimistic sentiment among investors.
The current reading suggests that WLD may maintain its upward trajectory, representing a potential entry opportunity for market participants.
Meanwhile, the daily trading volume of the altcoin continues to rise sharply, sustaining the appreciation movement. The 159% increase pushed the volume to exceed $1 billion, signaling that the price advance is anchored in real demand and not just speculative moves.
Price and Trading Volume of WLD. Source: Santiment
The simultaneous appreciation of the price and trading volume of WLD indicates strong market interest and growing demand for the asset. This scenario points to a rally sustained by investor conviction, rather than just short-term speculative moves.
Breaking resistance could pave the way for $1.95
The significant rise led WLD to surpass the resistance of $1.42, now converted into a new support. If demand remains strong and this price floor consolidates, the altcoin may extend its appreciation to $1.95 — a level reached for the last time on January 27.
However, this advance may face obstacles if investors decide to take profits, which could create selling pressure and limit the short-term upside potential.
WLD Price Analysis. Source: TradingView
Despite the favorable scenario, an increase in profit-taking could compromise the bullish outlook for WLD. If selling pressure intensifies, the token may give back some of its recent gains and retreat to support at $1.42.
If this level does not hold, the altcoin may face a new correction, with the possibility of a drop to $1.18 — which would signal a weakening of the current momentum and require a new evaluation by investors.
The article Altcoin (WLD) reaches a 3-month high after investment was first seen on BeInCrypto Brazil.
