WLD Usedt by long 🟢
Leverage 5 - 10
Entry - 1.3311
Stop lost - 1.3280
Take profit - 1.4500
After consolidating for a week, Worldcoin is showing upside strength, with World ID adoption and technical momentum acting as catalysts. According to data from crypto.news, Worldcoin (WLD) jumped 31% to hit an intraday high of $1.63 on May 23 Asian morning time, marking a massive 180% gain from its lows last month.
WLD’s rally was matched by a surge in market participation, with spot volume climbing 160% to nearly $1.3 billion and derivatives volume spiking 208% to $2.69 billion. According to CoinGlass data, its open interest also rose 48% to $427 million, a tell-tale sign of renewed investor confidence.The main catalyst behind today’s rally is renewed investor interest following news that the World Foundation raised $135 million in funding. In a May 21 update, the team said this fresh capital will be used to grow their iris-based identity network, World ID.
You might also like: Dow Jones seesaws, ends flat as Bitcoin hits new all-time high Top crypto investors like Andreessen Horowitz and Bain Capital Crypto led the round and bought Worldcoin tokens at market price. That not only added more tokens into circulation but also brought strong institutional backing, adding credibility to the project.This funding comes at a time when Worldcoin’s adoption is gaining momentum. World ID has now expanded into the U.S. and continues to gain traction across Asia. Singapore leads with over 100,000 users, while Japan and South Korea each added more than 10,000 new users in April.
The network has also entered Southeast Asian markets, including Thailand, Indonesia, Malaysia, and the Philippines. Meanwhile, on-chain data shows a corresponding rise in daily active addresses and accumulation from large holders, factors that align with today’s price breakout.
Technical setup looks bullish
On the 1-day/USDT price chart, WLD recently broke out above the upper side of a rising wedge, a pattern that typically signals a bearish reversal, but in this case, the breakout turned bullish.
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