+15.71% for Worldcoin as market capitalization surpasses $2.27 billion

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Worldcoin surges 15.71% today on rally

Highlights

Eightco Holdings now controls 8.4% of the WLD circulating supply, signaling strong institutional backing and constraining available tokens.
Worldcoin's market cap surpassed $2.27 billion amid rising demand following the World Chain mainnet launch and heavy transaction throughput.
WLD/USD shows strong bullish momentum with technicals supporting a further upside, targeting a consolidation range between $0.6305 and $0.7383.

Large institutional accumulation tightens supply as demand accelerates

Eightco Holdings’ disclosure of holding 283.45 million WLD tokens, representing 8.4% of the circulating supply, establishes it as the largest public holder, according to the input source. This significant accumulation signals strong institutional commitment and effectively tightens available token supply, driving new demand into the market. Additional factors supporting market interest include Worldcoin’s recent market capitalization surpassing $2.27 billion and the launch of the World Chain mainnet, which is now handling over 1.2 million daily transactions following a trio of independent security audits. The notable 22% increase in WLD futures open interest over the last 12 hours further underscores heightened speculative participation.

Bullish signals strengthen as WLD holds above support levels

On the hourly timeframe, WLD/USD is trading above both the MA-20 at $0.6655 and the MA-50 at $0.6268, while remaining well above the long-term MA-200 at $0.4050 on the daily chart. The Ichimoku Kijun line at $0.6498 acts as immediate support, with the expected range between $0.6305 (support) and $0.7383 (resistance). Momentum signals remain strong: MACD signals a strong buy, ADX stays in buy territory, and the RSI is at 64.1, just below overbought. The Stochastic RSI and CCI both indicate strong bullish momentum, while BBP suggests buyers currently dominate intraday action; however, the Awesome Oscillator remains neutral, not fully confirming the uptrend.

Upside favored with breakout possible if resistance is breached

In the coming sessions, WLD/USD is likely to trade within the $0.6305 to $0.7383 volatility band relative to current levels. Upside continuation is statistically favored, although a pullback could emerge if price fails to break the upper resistance. The baseline scenario expects consolidation within this corridor, with a bullish breakout probable on a sustained move above $0.7383 or a bearish scenario only if support at $0.6305 decisively fails.

Anton Kharitonov, expert at Traders Union, believes WLD shows robust demand from institutional investors, highlighted by Eightco Holdings’ prominent accumulation. He sees positive fundamental signals and bullish technicals, but remains cautious in his tactical outlook. Overall, price action favors consolidation unless the $0.7383 resistance is breached or support at $0.6305 fails. "Base case is a range between $0.6305 and $0.7383, with a breakout likely only on a clear move beyond these levels," he notes.

Earlier, analysts noted that Worldcoin's strong institutional accumulation and positive technical outlook had established a bullish foundation for the asset. The latest surge in trading activity and rising open interest now reinforce this narrative, making a sustained close above $0.7383 the key trigger for further upside momentum.

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.