- World (WLD) has surged nearly 20% after breaking out of a descending triangle, fueled by a $135 million direct token purchase from a16z and Bain Capital Crypto.
- Strong technical indicators and rising trading volume suggest a potential move toward the $2 mark if bullish momentum continues.
This surge in its market price comes on the heels of a $135 million funding announcement, with notable contributions from crypto investment giants a16z and Bain Capital Crypto.
The funding was of great significance as it was outstanding with its format. Notably this funding was not a locked or discounted venture round, but rather a direct market buy of WLD tokens.
This action signaled strong confidence, significantly improving investor sentiment and driving World’s price to break out of a descending triangle pattern that had been putting a toll on its growth.
As at the time of press, WLD is swapping hands with $1.52 after a 20.70% surge in the past 24 hours. Notably, this price level has not been witnessed since February 2025. The trading volume has also seen a dramatic 155.56% increase, leaving a mark at $1.12B
The token now boasts a market cap of $2.31 billion with a market dominance of 0.0634%.
Technical Indicators Point to Further Gains
WLD’s breakout is backed by solid technical indicators. The 50-day Exponential Moving Average (EMA) is acting as strong support, while the 200-day EMA hovers around $1.50, providing the next major resistance. A breach above this could open the door for a run toward the psychological $2 level.
The Relative Strength Index (RSI) has rebounded off its neutral zone and is approaching overbought territory, indicating increased buying pressure. Meanwhile, the Awesome Oscillator (AO) has flipped into positive territory, and the Bull Bear Power (BBP) indicator confirms bullish dominance. Additionally, the Supertrend indicator has turned green and sits below the current price, acting as a support level against any potential pullbacks.
If WLD continues its bullish momentum and breaks past $1.35 to overcome the key 0.618 Fibonacci retracement level, the altcoin could target the $2 mark in the short term. The seven consecutive green candles on the 4-hour chart support this narrative, showcasing consistent upward momentum since the announcement on May 21.
However, this optimism hinges on broader market stability and investor behavior. A surge in WLD tokens sent to exchanges could trigger selling pressure and invalidate the bullish scenario. In such a case, WLD might retrace to key support levels around $1.25 or even $1.
With renewed institutional backing and strong technical indicators, Worldcoin appears poised for a bullish reversal. Traders and investors alike will be closely watching whether this breakout is the beginning of a longer-term uptrend or a temporary reaction to fresh funding news.