Worldcoin [WLD] Rallies 11% as Bullish Momentum Builds

WLD Leads Crypto Gains, Volume and Interest Spike

Worldcoin [WLD] led the crypto market in daily gains, rising 11% over the past 24 hours amid increased activity in both spot and derivatives markets. Growing investor interest and technical signals suggest further upside potential.

Liquidity Surges in Derivatives Market

The price jump was accompanied by a significant spike in derivatives market liquidity. According to CoinGlass, WLD’s Open Interest surged 20%, reaching $447 million — an increase of $112 million in just one day.

The long-to-short ratio stood at 1.05, indicating more long positions than short, a signal often interpreted as bullish market sentiment. Binance emerged as the key player, recording the highest Open Interest at $116.03 million and leading in trading volume with $228.71 million — giving it a 2.2 volume ratio.

Spot Market Activity Reinforces Bullish Case

Spot buyers have also shown renewed confidence. Data revealed that $8.77 million in spot purchases occurred last week — a sharp rise from just $285,000 the week prior. As of early this week, another $290,000 has been added.

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Importantly, many of these tokens have been moved to private wallets, a behavior often linked with long-term holding strategies. This accumulation pattern supports a strong bullish narrative.

Path to $1.5? Technicals Suggest It’s Possible

Technical analysis points to a breakout from a bullish triangle pattern, with WLD now trading above its former resistance level. If this breakout follows its historical fractal pattern, a move toward the $1.5 level remains within reach.