+8.91% for Worldcoin as millions of tokens transition to BitGo custody

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Worldcoin jumps 8.91% to $0.2947 today

Highlights

Worldcoin moved 30 million WLD (about $8.17 million) to BitGo custody, restricting circulating supply and enhancing reserve security.
The total 153.65 million WLD now in custody, valued at $41.35 million, may help stabilize market perceptions around token supply.
WLD trades with short-term bullish momentum but faces overbought technicals; expected to consolidate between $0.2800 and $0.3050 with downside bias.

Supply reduction as large Worldcoin transfer enters custody wallet

Worldcoin has transferred 30 million WLD tokens, valued at about $8.17 million, to a BitGo custody wallet. By moving a significant volume of tokens into custody, the company reduces the circulating supply available for immediate trading and introduces additional safeguards around its reserves, potentially easing short-term selling pressure. The cumulative holdings in the custody wallet now stand at 153.65 million WLD (worth $41.35 million), which may influence overall market perception of supply stability.

Mixed momentum signals with overbought risk and tight support

On the technical front, WLD is supported by the SMA-20 at $0.2540 and the SMA-50 at $0.2714, while strong resistance remains at the SMA-200 near $0.4768. Immediate support is reinforced by the Ichimoku Kijun at $0.2801. The daily MACD prints a strong sell, contrasted by a neutral, low-strength ADX, highlighting a potential lack of a sustained trend. RSI holds a moderately bullish stance at 53.6, whereas both the CCI and Stoch RSI signal overbought conditions, raising caution for a short-term pullback. BBP remains positive, classifying the recent sessions as buyer-dominated, yet the divergence among momentum indicators points to possible volatility ahead.

Sideways consolidation likely as volatility bands narrow

Looking ahead to the coming week, the expected trading range for WLD is $0.2750 to $0.3050, based on recent price action and typical volatility. The base scenario is for sideways consolidation between immediate support at $0.2801 and recent highs, barring a break above $0.3050, which could open the path to higher resistance levels. Conversely, a drop below $0.2800 would suggest a bearish move toward the lower end of the volatility band near $0.2750 or below.

Anton Kharitonov, expert at Traders Union, sees Worldcoin’s latest token transfer as a sign of tighter supply control and a shift in liquidity dynamics. He remains cautious, since technicals give mixed signals and overbought conditions could trigger a short-term pullback. Kharitonov believes that sideways consolidation is more likely unless the price clearly breaks above $0.3050. "Until there is a strong move past resistance or a decisive breakdown, I prefer to stay on the sidelines."

Earlier, analysts noted that Worldcoin was mired in persistent bearish momentum and range-bound trading, with little evidence of a sustained reversal. While the current technical setup points to tentative strength above key averages, the divergence among momentum signals suggests traders should watch for heightened volatility and remain alert to any decisive break from the expected consolidation range.

Source of Data: WLD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.