儘管鯨魚活動激增，世界幣（WLD）仍難以突破

世界幣（WLD）是加密貨幣市場中相對較新的參與者，最近掀起了波瀾，但原因並非許多投資者所希望的那樣。儘管大宗交易（尤其是來自「鯨魚」（大投資者）的交易）激增，但 WLD 仍難以突破並獲得顯著的價格動力。

Worldcoin (WLD) has been making headlines recently due to a surge in large transactions, particularly from “whales” (big investors). However, despite these signs of interest, WLD is struggling to break out and gain significant price momentum.

由於大額交易（尤其是來自「鯨魚」（大投資者）的交易）的激增，世界幣（WLD）最近成為頭條新聞。然而，儘管有這些興趣跡象，WLD 仍在努力突破並獲得顯著的價格動力。

Even with this increased attention, WLD’s price has failed to show substantial gains and remains stuck in a sideways trading pattern. So, what’s holding Worldcoin back? Let's dive into the key factors influencing WLD's price.

即使受到越來越多的關注，WLD 的價格也未能顯示出大幅上漲，並且仍然陷入橫盤交易模式。那麼，是什麼阻礙了世界幣的發展呢？讓我們深入探討一下影響 WLD 價格的關鍵因素。

Whale Activity Surges, but No Major Price Gains

鯨魚活動激增，但價格沒有大幅上漲

In the past 24 hours, there has been a dramatic increase in whale transactions involving Worldcoin. Large transactions—those exceeding $100,000—have surged from just 9.98 million WLD to 77.78 million WLD. This 600% rise in whale activity would typically be a bullish sign for a cryptocurrency, as large investors often lead the charge in price movements.

過去24小時內，涉及世界幣的鯨魚交易大幅增加。大筆交易（超過 10 萬美元）已從 998 萬個 WLD 激增至 7,778 萬個 WLD。鯨魚活動 600% 的成長通常對加密貨幣來說是一個看漲訊號，因為大型投資者通常會引領價格走勢。

However, despite this surge in whale activity, WLD’s price has failed to show significant gains. At the time of writing, Worldcoin is trading at $1.98, down slightly by 0.35% after a minor uptick earlier in the week. This comes despite a broader market rally in Bitcoin (BTC) and other major altcoins, leaving many to question why WLD isn't benefiting from the increased whale interest.

然而，儘管鯨魚活動激增，WLD 的價格卻未能顯著上漲。截至撰寫本文時，世界幣交易價格為 1.98 美元，繼本週稍早小幅上漲後，小幅下跌 0.35%。儘管比特幣（BTC）和其他主要山寨幣市場出現更廣泛的反彈，但這種情況還是出現了，這讓許多人質疑為什麼 WLD 沒有從鯨魚興趣的增加中受益。

On-Chain Data Shows Potential, but the Market Isn’t Buying It

鏈上數據顯示潛力，但市場不買帳

Looking at Worldcoin’s on-chain metrics, there are signs that the token could be undervalued. The Network Value to Transaction (NVT) ratio, which tracks the relationship between a cryptocurrency’s network value and its transaction volume, has been declining. A decreasing NVT ratio suggests that there is significant on-chain activity relative to the token’s price, which could indicate potential for future growth.

看看世界幣的鏈上指標，有跡象顯示該代幣可能被低估。追蹤加密貨幣網路價值與其交易量之間關係的網路價值與交易（NVT）比率一直在下降。 NVT 比率下降表明，相對於代幣價格而言，存在顯著的鏈上活動，這可能表明未來的成長潛力。

However, while these signs of undervaluation could point to an opportunity for investors, the market isn’t fully buying into it. Despite increased transaction volumes and what some might consider favorable on-chain data, WLD continues to struggle to break out of its current trading range.

然而，儘管這些估值低估的跡象可能為投資者帶來了機會，但市場並未完全接受它。儘管交易量增加，有些人可能認為鏈上數據有利，但 WLD 仍然難以突破當前的交易區間。

Technical Indicators Offer Mixed Signals

技術指標提供混合訊號

For traders looking to Worldcoin’s technical indicators, the situation is somewhat ambiguous. The Relative Strength Index (RSI)—a tool used to gauge whether a cryptocurrency is overbought or oversold—currently stands at 50. This is considered a neutral reading, meaning there isn’t a clear trend in either direction. However, the RSI line is slightly above the signal line, which could be interpreted as a small bullish signal, suggesting that momentum may be building.

對於關注世界幣技術指標的交易者來說，情況有些模糊。相對強弱指數 (RSI)（一種用於衡量加密貨幣是否超買或超賣的工具）目前為 50。然而，RSI 線略高於訊號線，這可以解釋為小幅看漲訊號，表明勢頭可能正在形成。

Additionally, the Chaikin Money Flow (CMF), which tracks the flow of money into and out of a market, is positive at 0.05, indicating slight buying pressure. But again, this is a modest number and suggests that, while there is some buying activity, it isn’t strong enough to push the price up significantly.

此外，追蹤資金流入和流出市場的 Chaikin 資金流量 (CMF) 為正值，為 0.05，表示有輕微的購買壓力。但同樣，這是一個適度的數字，表明雖然有一些購買活動，但還不足以大幅推高價格。

Key Price Levels to Watch

值得關注的關鍵價格水平

Traders closely watching WLD's price will be keeping an eye on two key levels: resistance at $2.35 and support at $1.58. A breakout above resistance could lead to further gains, while a drop below support might indicate weaker price momentum.

密切關注 WLD 價格的交易者將關注兩個關鍵水平：阻力位 2.35 美元和支撐位 1.58 美元。突破阻力位可能會導致進一步上漲，而跌破支撐位可能表示價格動能減弱。

Why Are Short Sellers Dominating?

為什麼賣空者占主導地位？

Despite the signs of undervaluation and growing whale interest, there is one major hurdle that Worldcoin faces: short sellers. A recent look at the long/short ratio for WLD reveals that there are more traders betting against the token than there are traders taking long positions. In fact, the long/short ratio has been below 1 for several consecutive days, indicating that the market sentiment around Worldcoin is more bearish than bullish.

儘管有被低估的跡象，而且鯨魚的興趣日益濃厚，但世界幣仍面臨一個主要障礙：賣空者。最近對 WLD 多頭/空頭比率的觀察顯示，做空該代幣的交易者多於持有多頭部位的交易者。事實上，多空比已連續多日低於1，顯示圍繞Worldcoin的市場情緒多於看跌。

Short sellers profit by betting on the decline of an asset’s price, and their dominance in the market suggests a lack of confidence in WLD's immediate future. As long as short interest remains high, it’s unlikely that the price will experience any major upward movement.

賣空者透過押注資產價格下跌來獲利，他們在市場上的主導地位表明他們對 WLD 的近期前景缺乏信心。只要空頭興趣仍然很高，價格就不太可能大幅上漲。

The Role of Whale Activity in WLD's Future

鯨魚活動對 WLD 未來的作用

Despite the current challenges, the surge in whale activity remains a critical factor to watch. Whales account for a significant portion of Worldcoin's supply, holding around 84% of the total tokens. When whales make moves, they can have a major impact on price. However, for these large investors to push WLD higher, they would need to increase their buying activity, which isn’t yet happening on a large enough scale.

儘管目前面臨挑戰，鯨魚活動的激增仍然是值得關注的關鍵因素。鯨魚佔世界幣供應量的很大一部分，持有代幣總量的 84% 左右。當鯨魚採取行動時，它們會對價格產生重大影響。然而，對於這些大型投資者來說，要推高 WLD，他們需要增加購買活動，而這種購買活動的規模還不夠大。

If whales begin to accumulate more WLD tokens, it could provide the necessary fuel for a price breakout. But for now, the lack of significant buying pressure from whales, combined with the prevailing bearish sentiment in the market, means that Worldcoin remains in a holding pattern.

如果鯨魚開始累積更多 WLD 代幣，它可以為價格突破提供必要的燃料。但就目前而言，鯨魚缺乏重大購買壓力，加上市場上普遍存在的看跌情緒，意味著世界幣仍處於持有狀態。

Is There Hope for a Breakout?

有突破的希望嗎？

So, what does this all mean for the future of Worldcoin? While there are some positive

那麼，這對世界幣的未來意味著什麼？雖然也有一些正面的一面