尽管鲸鱼活动激增，世界币（WLD）仍难以突破

世界币（WLD）是加密货币市场中相对较新的参与者，最近掀起了波澜，但原因却并非许多投资者所希望的那样。尽管大宗交易（尤其是来自“鲸鱼”（大投资者）的交易）激增，但 WLD 仍难以突破并获得显着的价格动力。

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.

由于大额交易（尤其是来自“鲸鱼”（大投资者）的交易）的激增，世界币（WLD）最近成为头条新闻。然而，尽管有这些兴趣迹象，WLD 仍在努力突破并获得显着的价格动力。

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.

即使受到越来越多的关注，WLD 的价格也未能显示出大幅上涨，并且仍然陷入横盘交易模式。那么，是什么阻碍了世界币的发展呢？让我们深入探讨一下影响 WLD 价格的关键因素。

Whale Activity Surges, but No Major Price Gains

鲸鱼活动激增，但价格没有大幅上涨

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.

过去24小时内，涉及世界币的鲸鱼交易大幅增加。大额交易（超过 10 万美元）已从 998 万个 WLD 激增至 7,778 万个 WLD。鲸鱼活动 600% 的增长通常对加密货币来说是一个看涨信号，因为大型投资者通常会引领价格走势。

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，尽管鲸鱼活动激增，WLD 的价格却未能出现显着上涨。截至撰写本文时，世界币交易价格为 1.98 美元，继本周早些时候小幅上涨后，小幅下跌 0.35%。尽管比特币（BTC）和其他主要山寨币市场出现更广泛的反弹，但这一情况还是出现了，这让许多人质疑为什么 WLD 没有从鲸鱼兴趣的增加中受益。

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

链上数据显示潜力，但市场并不买账

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.

看看世界币的链上指标，有迹象表明该代币可能被低估。追踪加密货币网络价值与其交易量之间关系的网络价值与交易（NVT）比率一直在下降。 NVT 比率下降表明，相对于代币价格而言，存在显着的链上活动，这可能表明未来的增长潜力。

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，尽管这些估值低估的迹象可能为投资者带来了机会，但市场并未完全接受它。尽管交易量有所增加，并且一些人可能认为链上数据有利，但 WLD 仍然难以突破当前的交易区间。

Technical Indicators Offer Mixed Signals

技术指标提供混合信号

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.

对于关注世界币技术指标的交易者来说，情况有些模棱两可。相对强弱指数 (RSI)（一种用于衡量加密货币是否超买或超卖的工具）目前为 50。这被认为是中性读数，意味着两个方向都没有明显的趋势。然而，RSI 线略高于信号线，这可以解释为小幅看涨信号，表明势头可能正在形成。

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，追踪资金流入和流出市场的 Chaikin 资金流量 (CMF) 为正值，为 0.05，表明有轻微的购买压力。但同样，这是一个适度的数字，表明虽然有一些购买活动，但还不足以大幅推高价格。

Key Price Levels to Watch

值得关注的关键价格水平

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.

密切关注 WLD 价格的交易者将关注两个关键水平：阻力位 2.35 美元和支撑位 1.58 美元。突破阻力位可能会导致进一步上涨，而跌破支撑位可能表明价格动能减弱。

Why Are Short Sellers Dominating?

为什么卖空者占主导地位？

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.

尽管有被低估的迹象，而且鲸鱼的兴趣日益浓厚，但世界币仍面临一个主要障碍：卖空者。最近对 WLD 多头/空头比率的观察显示，做空该代币的交易者多于持有多头头寸的交易者。事实上，多空比已连续多日低于1，表明围绕Worldcoin的市场情绪多于看跌。

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.

卖空者通过押注资产价格下跌来获利，他们在市场上的主导地位表明他们对 WLD 的近期前景缺乏信心。只要空头兴趣仍然很高，价格就不太可能出现大幅上涨。

The Role of Whale Activity in WLD's Future

鲸鱼活动对 WLD 未来的作用

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.

尽管目前面临挑战，鲸鱼活动的激增仍然是值得关注的关键因素。鲸鱼占世界币供应量的很大一部分，持有代币总量的 84% 左右。当鲸鱼采取行动时，它们会对价格产生重大影响。然而，对于这些大型投资者来说，要推高 WLD，他们需要增加购买活动，而这种购买活动的规模还不够大。

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.

如果鲸鱼开始积累更多 WLD 代币，它可以为价格突破提供必要的燃料。但就目前而言，鲸鱼缺乏重大购买压力，加上市场普遍存在的看跌情绪，意味着世界币仍处于持有状态。

Is There Hope for a Breakout?

有突破的希望吗？

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

那么，这对世界币的未来意味着什么呢？虽然也有一些积极的一面