Worldcoin (WLD) surged after holding above $0.40, reaching a local high of $0.42 and erasing much of its recent losses thanks to a return of capital to both spot and futures markets.
This recovery is taking place against the backdrop of altcoin markets showing signs of "revival" as market Capital returns to the $1 billion mark, while risk appetite in the Derivative market improves and selling pressure on exchanges weakens.
- WLD rose about 20% to $0.42 after defending at $0.40, then corrected slightly back to around $0.40.
- Open Interest increased to $130 million and the Longing- Short ratio exceeded 1, indicating a tendency for cash flow towards long positions.
- Net selling pressure and rising buying pressure indicators suggest a recovery in spot demand, but the trend still needs further confirmation.
WLD shows upward momentum in the Derivative market.
Futures data shows a recovery in risk appetite, with increased inflows into WLD contracts, largely leaning towards Longing positions, supporting a short-term price increase.
WLD saw a clear shift from its previous trend as traders increased their bullish bets. According to CoinGlass data, Open Interest (OI) increased by 16.3% to $130 million, reflecting the growing amount of Capital open for Derivative positions.
In the futures cash flow segment, Worldcoin saw $135.55 million inflows compared to $133.25 million inflows, resulting in a positive net flow of $2.29 million. This positive difference indicates an increased willingness to hold positions (rather than close/exit) in the short term.
The Longing- Short ratio also favored buyers. This index increased from 0.7 to 1.2, with the majority coming from investors on OKX and Binance. When the ratio exceeds 1, the market is generally understood to have more Longing positions than Short positions, along with expectations of a continued price increase.
Selling pressure eased as spot demand recovered.
Spot demand and exchange cash flow indicators suggest that selling pressure is waning, while buying pressure is increasing, creating a foundation for a potential continuation of the rally.
The spot market is showing signs of increased demand. According to the BSVP ratio, sellers are showing signs of weakness, causing sell pressure to turn negative, while buy pressure increased to 19 at the time of recording, a significant increase compared to the previous day.
This shift indicates that buyers are actively absorbing market pressure. However, the data also highlights that net market pressure remains skewed downward, meaning buyers have not yet fully gained the upper hand. The market typically needs a period of sustained high buying pressure to confirm a momentum shift.
The flow of money on the exchange reinforces the view that demand is recovering. In 24 hours, more than $28.29 million worth of WLD was withdrawn from exchanges, while inflows were only about $27 million. This difference is often XEM as a signal of decreasing supply on the exchange, which could increase upward pressure on prices if demand continues.
When demand recovers simultaneously in both spot and futures contracts, prices often gain additional upward momentum. However, the sustainability of the trend will depend on whether buying pressure continues to outweigh selling pressure for several sessions.
WLD's upward trend could be sustained if it breaks above the key moving average zone.
If demand holds firm, WLD could head towards the $0.45 region (the area of short-term moving averages), and further to $0.55; conversely, it could retreat to support around $0.34.
The recovery coincided with an improvement in momentum indicators. WLD's RSI formed a bullish crossover, rising from 32 to 42 at the time of recording. Simultaneously, the price broke above the short-term moving Medium (9MA) before a slight correction, indicating a relatively clear return of buying pressure.
Although the RSI remains below the neutral threshold (often considered a bearish zone), a rapid increase in the RSI and price touching/breaking above the short-term moving average are usually early signals of a recovery in buying pressure. This could support a further upward scenario if the money flow does not weaken.
In a positive scenario, if demand persists, Worldcoin could break above the 9-day and 21-day moving averages around $0.45, paving the way for a test of the $0.55 zone, where the previous rally failed. Conversely, if this attempt fails and sellers return to challenge the market, WLD could find support near $0.34.
Frequently Asked Questions
How much has WLD increased and around what level is it currently trading?
WLD surged approximately 20% to a local high of $0.42 after holding above $0.40, then corrected slightly and was recorded around $0.40, representing a 14.42% daily increase at the time of this report.
Which futures data is supporting the upward trend of Worldcoin?
Open interest increased by 16.3% to $130 million, net futures flow was positive at $2.29 million, and the Longing- Short ratio increased to 1.2. This combination indicates increased Capital into Derivative , primarily leaning towards Longing positions.
What signs indicate that spot demand for WLD is recovering?
The BSVP indicator shows weakening sell pressure and rising buy pressure to 19. Additionally, WLD experienced outflows of over $28.29 million in 24 hours while inflows were around $27 million, implying a relative decrease in supply on the exchange.
What are the key price points to watch for with WLD?
If buying pressure persists, the $0.45 level is a key point to watch as it coincides with the 9-day and 21-day moving averages, and a further target could be $0.55. If the recovery fails, the support zone near $0.34 could be tested.
