Attention everyone! Recently, #Worldcoin (WLD) has been making continuous efforts, rising by 11%, seemingly 'taking off' from a bullish pattern 💨. If you haven't been keeping an eye on it, now is the time to pay close attention. #山寨币市场回暖
Liquidity surged, the bull market in derivatives is unstoppable 📊
In the past 24 hours, the rise of WLD has not been coincidental. The liquidity in the derivatives market has surged significantly, with open contracts soaring by 20%, reaching 447 million USD. Simply put, the bullish forces clearly outweigh the bearish ones, and the bulls hold the initiative.
According to CoinGlass data, the market long-short ratio has reached 1.05, indicating that buying pressure is significantly dominant 💪. Binance has played an indispensable role in this wave of increase — with a position of 116 million USD, trading volume reaching 228.7 million USD, and a trading volume ratio of 2.2, it is undoubtedly an important driver of this market trend.
The spot market is also crazy, investors are increasing their holdings 👜
Not only derivatives, but the spot market is also gaining momentum. Last week, spot purchases reached 8.77 million USD, compared to 285,000 USD the previous week, which is explosive growth 🔥.
Interestingly, after purchasing, investors directly transfer WLD to private wallets, clearly intending to hold for the long term. This behavior usually indicates strong market confidence in WLD's long-term prospects, further strengthening the overall bullish signal.
The technical aspect is bright, breaking through the bullish triangle 💎
From a technical perspective, WLD has successfully broken through the bullish triangle pattern, with the trend continuing upward 📈. If this breakout holds, the current price fractal points to the next target of 1.5 USD.
Simply put, WLD not only broke through the resistance level but also gained sufficient bullish momentum, making the possibility of hitting 1.5 USD very high.
Summary 🔹
The bullish sentiment dominates the derivatives market, with a surge in open contracts
Spot investors are adding positions and holding long-term, with ample liquidity
Technical breakthrough of the bullish triangle, target price 1.5 USD
Overall, WLD is currently in a 'bullish home court', with market sentiment high 🔥. The short-term upward potential remains significant, but don't forget that the crypto world is ever-changing; your holding strategy should keep pace!
💡 Tips for crypto fam: Friends who want to seize opportunities can observe changes in Binance derivatives and spot liquidity, while paying attention to the support levels after the breakout. This wave of WLD's market has both technical signals and funding flow backing, and the risk-reward ratio looks pretty good 😉.
Like and share, follow me, and I'll help you catch more market trends, watching the bull and bear fluctuations together! Let's work hard together!
In the current market environment, short-term operations are indeed necessary. If you keep waiting for the spot to rebound, you may feel the agony of time. I've been fully engaged in secondary short-term and primary 'dog coin' operations recently, with good returns. Friends who want to keep up can follow me privately!
