Worldcoin (WLD) Analysis: WLD Targets Set at $5.58 Amid Bullish Run

Worldcoin (WLD) has shown strong upward momentum, breaking through the resistance level of $3.50. 

This move has opened the door for potential price targets of $5.58 and higher, according to market analysis.

As of the time of writing, WLD was priced at $3.85, marking a 12.48% increase in the last 24 hours and a 32.57% rise over the past week. The token’s circulating supply is 740 million, giving it a market capitalization of $2.84 billion. 

Trading volume has also surged, with $2.46 billion worth of transactions recorded in the past day, highlighting growing investor activity.

Key Technical Levels Show an Uptrend

Technical charts for WLD indicate a clear upward trend. The EMA 50 is holding above the EMA 100, with current levels at $3.6571 and $3.4887 respectively. This confirms that the bullish structure remains intact, with the EMA 50 providing a strong support level for the price. 

A continuation above this level could lead to further upward movement, while a dip below might trigger a short-term correction.

Source: TradingView

Momentum indicators provide mixed signals. The Awesome Oscillator (AO) remains positive but shows declining bullish momentum, reflected by smaller green bars on the histogram. 

Meanwhile, the MACD indicator is approaching a potential bearish crossover, suggesting the possibility of a pullback. 

However, strong support near $3.65 could provide the foundation for another move upward, with $4.00 as the next immediate resistance.

On-Chain Metrics Point to Rising Activity

Recent on-chain data shows increased engagement with the token. The total number of addresses interacting with WLD has grown to 1.85k, including 401 new addresses and 1.16k active addresses. 

Over the past week, new addresses have risen by 21.88%, active addresses by 22.47%, and zero-balance addresses by 23.48%, reflecting growing participation in the network.

Source: IntoTheBlock

This uptick in network activity coincides with the recent price breakout, suggesting rising interest in the token. The increase in zero-balance addresses may indicate some profit-taking by investors, which is typical after strong price movements. 

These trends demonstrate a growing user base and heightened activity on the network.

Holder Data and Transactions Provide Insights

Token distribution data shows that 91% of WLD’s supply is held by large investors, demonstrating a high level of concentration. While this indicates strong interest from institutions or high-net-worth participants, it also means the price could be sensitive to their actions, whether buying or selling.

Transaction activity has been substantial, with $1.05 billion in large transactions (over $100K) processed in the last week. Regionally, 55% of these transactions came from Western markets, while 45% were from the East, indicating a balanced global presence. 

Source: IntoTheBlock

An analysis of holders shows that 69% have held the token for 1–12 months, while 16% are long-term holders and 15% are newer investors, reflecting an active mix of mid-term and short-term engagement.

Price Outlook with Growing Market Interest

WLD’s breakout above $3.50 has created momentum for potential price increases toward $5.58 and possibly $6.43 or $7.29. 

Pullbacks toward $2.93 could offer opportunities for buyers to re-enter the market as the overall trend remains positive.

Source: X

The token’s moderate correlation with Bitcoin (0.61) suggests that while it is influenced by broader cryptocurrency trends, it also maintains its own market dynamics. 

With rising trading volumes, growing active addresses, and strong investor interest, WLD is positioned for further growth as long as current engagement levels continue.

FAQs:

What is driving Worldcoin’s (WLD) recent price surge?

Breaking $3.50 resistance, higher trading volume, and rising activity drove the surge.

What are the key technical levels to watch for WLD?

Key levels include $3.6571 as support and $4.00, $5.58, and $6.43 as resistance.

How does on-chain data reflect WLD’s network activity?

Rising active addresses and $1.05B in large transactions show growing adoption and interest.