- WorldCoin can raise $ 1.35 to $ 1.35 if it is supported at $ 1.05.
- Traders have maintained excessive levels between $ 1.05 (support) and $ 1.11 (resistance) to increase the brake out pressure.
WorldCoin (WLD) seems to be primitive for powerful ascending movements as institutional and whale interests have been rapidly strengthened.
Since April, WLD has soared more than 111%. But after the peak, we entered the revision stage. Currently traded near $ 1.07.
Whales and institutional activity surge, optimistic marks?
On April 30, INTOTHEBLOCK, a whole chain analysis company, said that whales and institutions are participating in assets.
In fact, large transaction volume has gained 42% in the last 24 hours, and the active address has increased by 43%.
Source: INTOTHEBLOCK
On the other hand, another hot chain metrics of Intotheblock show that whale trading has increased 384%of whale trading between $ 100 and $ 1 million.
This development of whale activities suggests potentially aggressive accumulation, which seems to be a sign of strength.
Source: INTOTHEBLOCK
68%of WLD traders are longer
In addition to whales and institutional interests, the Binance Wildusdt Long/Short ratio stood at 2.12 to reflect clear optimistic prejudice.
The metrics showed that 67.95%of the highest traders accounted for long positions and only 32.05%were tilted.
During the same period, the Intraday traders also supported the bull. In fact, traders have increased over $ 1.05 (support) and $ 1.11 (resistance) over the last 24 hours.
They built $ 36 million and $ 27 million shorts at this major level.
Naturally, this positioning confirmed that the bull maintained its dominance in both the direction betting and the capital promise.
When combining all these measurement items, Smart Money is entering, and both merchants and investors have strong confidence in the WLD coin, which is likely to increase the price.
WorldCoin price behavior and major levels
According to AMBCRYPTO’s technical analysis, WLD seems to be optimistic and is currently resuming Breakout to $ 1.05.
Based on daily charts and historical price momentum, if assets increase the level of major support of $ 1.05, the WLD coin is likely to increase by 25% and reach $ 1.35 in the near future.
Source: TradingView
On the other hand, if the WLD falls below the main support level, it can be changed to weaken emotions and reducing assets by 20%, which can potentially reach $ 0.815.