Worldcoin’s price surged by 23% after a $135 million token sale to a16z and Bain Capital, reaching a high of $2.9 million in volume on May 20, the highest in five months. Open interest also hit a four-month high of $412.77 million, up by 28.9% from February. Technical indicators like RSI, MACD, and BBTrend confirm the strength of the trend.
Following Bitcoin’s record high on May 22, Worldcoin (WLD) saw a significant boost in momentum, with its price jumping by 23% after selling $135 million worth of tokens to a16z and Bain Capital. This move fueled a breakout without any discounts or lockups, pushing the price above $1.52.
The World Foundation, Worldcoin’s parent organization, confirmed that the $135 million raised would be used to scale its biometric Orb technology in the U.S. and other countries. This funding is aimed at advancing the concept of “proof-of-personhood” in the era of artificial intelligence, with a focus on Orb expansion and token model enhancements.
Worldcoin is currently trading around $1.50, with a 24-hour volume spike of 161.86% to $1.12 billion and a market cap increase from $1.80 billion to $2.34 billion, signaling renewed confidence and aggressive accumulation.
The bullish structure of WLD remains intact as long as the price stays above $1.45, with resistance levels at $1.70, $1.96, and a major breakout threshold at $2.00. A drop below $1.33 could weaken the trend and expose downside potential to $1.10.
Technical indicators like BBTrend and futures metrics align with the bullish outlook for WLD, with open interest in WLD futures reaching a four-month high of $412.77 million by May 23, reflecting steady capital inflow into leveraged long positions. Other indicators such as RSI, MACD, OBV, and CMF also show positive signals of accumulation and bullish momentum.
In conclusion, Worldcoin’s recent rally above $1.50 is supported by strong technical indicators and on-chain data. A confirmed breakout above $2.00 will be crucial for further bullish momentum, with potential targets at $2.75-$3.27 in the near future. Critical support levels to watch are between $1.33 and $1.41.
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