Worldcoin [WLD] surged by over 10% over a 24-hour period, while its trading volume increased by 45% to reach $639 million. This upward movement reflects a notable increase in market participation as buyers build on momentum gained during previous sessions.
On-chain and market data indicate that the rally is being driven by larger investors and spot buyers. According to Average Order Size data from CryptoQuant, whale orders have extended their dominance in the futures market, pointing to strategic accumulation while the token trades above its key Exponential Moving Averages (EMAs).
Concurrently, Spot Taker CVD data shows that buyers are dominating the spot market. This combination suggests that bullish sentiment is building across multiple market segments rather than relying on a single source of demand.
Resistance Levels in Focus
On the daily time frame, the primary resistance level for bulls is situated at the local high of $0.60. A convincing break above this threshold could open the door for a continuation toward the next resistance target of $0.725.
From a market structure perspective, the outlook remains positive. Growing trading volumes, increased whale activity in the futures market, and sustained buying interest in the spot market collectively indicate rising market conviction behind the recent price action.
