The sharp rise in WLD stocks by 22% provoked a bullish impulse but faced serious resistance at the level of $1.30.
The overbought RSI signals a possible cooling, although strong support is at the level of $1.01.
Trading volume increased by 190%, indicating active participation and increased market volatility.
The native token #Worldcoin @BounceBit wld attracted attention this week after a sharp price increase to its highest level in two months. The coin, associated with Sam Altman's ambitious digital identity project, rose from just above $1.00 to nearly $1.30 in less than 24 hours. This movement represents a daily gain of 22%, driven by significant growth in trading activity.
Trading volume during the same period increased by almost 190%, driven by active market participation rather than low liquidity. The key question now is whether WLD can continue its breakout or if the rally risks fading..Breakdown of key support and resistance levels
The rise began from a solid level around $1.01, which now forms the most reliable safety cushion in case of a pullback. Another important zone is located between $1.10 and $1.12, where the price consolidated before the upward surge.
On the other hand, resistance at the level of $1.30–$1.32 has already proven insurmountable. A successful breakout of this barrier could shift attention to $1.40–$1.45 — the next psychological milestone for bulls.
However, the rapid nature of this rise calls for caution. A brief pullback to $1.12–$1.15 before further growth is not ruled out. Traders often welcome such pauses as they allow for momentum recovery and attract new buyers.
Market structure and indicators
Aside from price levels, a number of technical signals indicate both prospects and risks. The market structure shows a volume to market capitalization ratio above 40%, highlighting exceptionally active trading relative to the overall volume of WLD. Since only two billion of the total ten billion tokens in circulation are available, speculation can significantly amplify price fluctuations.👇👇👇👇👇👇
Momentum indicators add more nuances. The MACD histogram has just reached a slight positive level, hinting at an early stage of bullish momentum.
However, the relative strength index has already crossed the overbought zone at the level of 70. This level often signals a short-term overheating that could trigger consolidation or even a correction.
On the topic: Price #Worldcoin Will Sam Altman's WLD be able to maintain its growth after reaching a two-month high? (WLD) fell by 7% after a cryptocurrency whale withdrew $9.5 million in tokens #Binance
