Worldcoin (WLD) Token Shows Signs of Recovery, Trading at $2.40 as Analysts Attribute the Price Surge to Renewed Interest

Worldcoin (WLD) has experienced a notable price rebound, trading at $2.40 as of this writing. The token saw a 5.35% increase in the past 24 hours

Worldcoin (WLD) is showing signs of recovery as its price continues to rise. At the time of writing, WLD is trading at $2.40, up 5.35% in the past 24 hours and 4.09% over the past seven days. With a 24-hour trading volume of $289,493,014, the token is garnering renewed interest among investors.

Its current market capitalization is $1.97 billion, with a circulating supply of 850 million tokens. The token remains 80.93% below its all-time high of $11.82, reached 10 months ago. This decline has opened a window for buyers, leading to recent price momentum.

According to analysts, the price surge can be attributed to renewed interest as investors capitalize on the lower prices.

Indicators Point to Potential Upside

Recent analysis indicates that WLD may be on the verge of further recovery. The TD Sequential indicator has signaled a buy, which is often seen as a sign of a possible upward move. After consolidating in the $2.20–$2.40 range for several weeks, the token appears to be gaining traction.

The TD Sequential indicator presents a buy signal on the #Worldcoin $WLD daily chart!

After consolidating for several weeks within the $2.20–$2.40 range, the token appears to be gaining traction. The MACD indicates mild bullish momentum, with the MACD line at 0.017 positioned just above the signal line. However, both lines remain below zero, indicating that sustained buying is needed to push prices higher. Key levels to monitor include $2.00 as support and $4.00 as resistance.

The MFI stands at 55.12, suggesting neutral momentum. If the index moves above 60, the price could climb toward $3.00. On the other hand, a drop below 40 might lead to a retest of lower support.

Large Holder Activity and Transaction Volume

According to IntoTheBlock data, 91% of WLD's total supply is held by large investors, which include institutions and whales. This ownership structure can influence price movements, especially when large transactions occur.

In the past week, WLD saw $200.17 million in transactions that exceeded $100,000, indicating strong activity from high-value investors. Geographically, the token’s transaction activity is well-distributed, with 54% occurring in the West and 46% in the East, reflecting widespread market participation.

Holder Trends and Market Conditions

The majority of WLD holders, about 70%, have held their tokens for 1 to 12 months, indicating a mid-term investor focus. Long-term holders make up 18%, while 13% have entered the market in the past month.

Currently, 24% of holders are in profit, while 55% are at a loss, and 21% are breaking even. These figures suggest that the token’s current price is below most investors’ purchase levels.

However, the recent uptick and rising interest may offer opportunities for investors looking to benefit from potential price movements.

FAQs:

What is the current price of Worldcoin (WLD)?

The current price of Worldcoin (WLD) is $2.40.

What is WLD’s all-time high price?

Worldcoin’s all-time high price was $11.82, recorded 10 months ago.

What percentage of WLD is held by large investors?

91% of WLD’s supply is held by large investors, including institutions.