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Worldcoin [$WLD] surged by over 10% in the last 24 hours and sustained the upward momentum for the fourth day in a row to cross the $0.34 resistance.
The price move places $WLD at a critical point as buyers attempt to invalidate the bearish structure that has dominated price action since June.
Besides, the current rally helped $WLD break out above the upper boundary of the pennant consolidation pattern, indicating the potential formation of a trend reversal. A daily candle close above $0.34 will confirm the breakout.
Worldcoin’s trading activity is also supporting the recovery
That’s not all; Worldcoin’s trading volume has recorded a 150% increase to $211 million, suggesting a sharp increase in market participation as the token surges aggressively.
The surge in volume provides stronger confirmation for the breakout because sustained buying activity can help prevent the move from becoming a short-lived price spike.
Derivative data is also sparking similar signals
Worldcoin’s Open Interest gained by 10.44% to $169.4 million over the same period, indicating that traders are adding new positions as price momentum strengthens.
The network’s rising Open Interest alongside a price rally suggests fresh capital is entering the market and could amplify $WLD’s upside if buyers maintain control.
Moreover, long positions currently account for approximately 60% of total $WLD market exposure, giving bulls a modest advantage. This positioning supports the bullish setup, although an excessively crowded long market could also increase liquidation risks if $WLD fails to sustain its breakout.
Is $0.40 next for the bulls?
More than $1 million in liquidity remains concentrated between $0.37 and $0.40, creating a significant liquidity pocket above the current price.
If buyers sustain momentum, $WLD could be drawn toward this zone as its price action hunts for the unmitigated liquidation clusters.
Final Summary
- $WLD gained by more than 10% in 24 hours, breaking above $0.34 as buyers challenge the token’s recent bearish structure.
- Rising volume, Open Interest, and $1 million-plus liquidity between $0.37 and $0.40 could support a move toward $0.40.