Worldcoin (WLD) has recently captured significant attention with a notable price surge, attempting a breakout from a prolonged downtrend. This rally is not merely speculative but appears to be firmly underpinned by robust on-chain metrics and aggressive market participation from both retail and institutional players.
Robust On-Chain Growth Fuels the Rally
The current uplift in Worldcoin's value is significantly driven by a surge in its underlying network activity and user adoption. The project recently achieved a major milestone, with active addresses hitting an all-time high of 1 million, marking an impressive 170% increase over the past year. This growth is further evidenced by a 500,000 user uptick between May and November, coupled with Daily Active Users stabilizing consistently above 60,000. Such synchronous growth in addresses and daily users signals strengthening on-chain demand and genuine engagement, traditionally viewed as a bullish indicator for network expansion and potential price appreciation.
Aggressive Accumulation Across Spot and Futures
Beyond organic network growth, Worldcoin has witnessed intense accumulation across both spot and futures markets, predominantly by bullish participants. On the spot side, a negative Spot Netflow of -$2.18 million indicates a significant outflow of WLD from exchanges, a clear sign of aggressive buying. Concurrently, the futures market shows sustained whale activity, with "Big Whale Orders" recorded for seven consecutive days. Data from perpetual markets, such as Hyperliquid, further corroborates this trend, revealing a substantial lean towards buy contracts over sell contracts, suggesting large investors are strategically positioning themselves for further upside.
Outlook: A Potential for Continued Momentum
The confluence of burgeoning network adoption and strong market demand has propelled Worldcoin into a promising position. Indicators like the Sequential Pattern Strength, which has turned positive at 2.3, suggest buyers are firmly in control. Should this robust demand and user engagement persist, WLD is well-situated to challenge the $1 resistance level and potentially target $1.2. However, the sustainability of this uptrend hinges on continued demand, with a potential retracement to the $0.68 support if momentum wanes.
