Worldcoin whales wake up ahead of key San Francisco reveal ...
The potential for Open AI to integrate WLD as their payment mechanism could have a huge impact on the price. Worldcoin [WLD] reached its essential horizontal resistance, at $0.96 with the point marking a major low in 2023. This area served as hesitation territory for WLD following a strong rally since the price attempted to enter but failed just below $0.9683.
Key Barrier and Momentum
If WLD confirms a breakout coupled with a daily closing above this particular zone, it might create additional upward momentum but need indications for higher timeframe pattern shifts. The next vital barrier for continuation was at $1.15, yet future progress depended on the rally’s ability to maintain its strength. The existing resistance level may trigger short-term price contraction. However, bulls may recover their confidence through another check of the $0.88 up to $0.90 area.
Buy Volume and Price Movement
This move strengthened due to rising buy volume, despite not witnessing any explosive trading activity. Price consolidation above $0.96 could result in a bullish momentum shift if the lower boundaries of the consolidation stayed higher than $0.96. Failure to defend this essential area would potentially drive WLD prices down towards $0.80 and lower. On top of that, transaction data showed growing investor engagement across both retail and institutional brackets.
Whales Activity and Investor Engagement
The transactions surges were most prominent within the $10k–$100k (+89.01%) bracket and the $100k–$1M (+78.57%) bracket and the $1M–$10M (+100%) bracket, although there was a decrease in transactions under $1 by -41.38%. The high-value traders and whales were coming back to possibly start a bigger upward move. The growing mid-tier activity level contributed to +13.48% increase in $1k–$10k section and +30.43% increase in $100–$1k transactions.
At Last Event and Potential Growth
These sharp increases precede both market volatility and price movement patterns, although it did not serve as a specific indicator of Worldcoin value fluctuations. At press time, 60.72% of WLD holders were at breakeven, while 3.36% sat in profits, and 35.92% recorded losses. Future price movement for WLD remained unclear, as the market could either sustain its volume or experience spontaneous and swift spikes in the following weeks.
Disclaimer: AMBCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.
