Worldcoin (WLD) Eyes Bullish Breakout Following 16% Price Surge

Worldcoin has staged a powerful recovery, climbing over 16% in 24 hours to reach $0.587 amid a resurgence in market activity. This rally marks a significant shift after months of downward pressure, as buyers successfully reclaimed critical support levels. The token is now testing major resistance zones, signaling a potential structural change in its long-term market performance.

Technical Indicators Point to Continued Upside

The asset's price action improved significantly after rebounding from the $0.2289 support and reclaiming the key $0.4438 level. The Relative Strength Index (RSI) has surged to 59.81, moving decisively above its signal average and entering bullish territory. This momentum suggests that there is still room for growth before the asset reaches overbought conditions. If buyers can secure a weekly close above $0.6323, the path opens for a rally toward $0.8450 and eventually the $1.00 supply zone.

Absorption of Selling Pressure and Investor Accumulation

While derivatives data shows that futures sellers are still active, strong spot demand has allowed WLD to maintain its upward trajectory. This resilience suggests that bullish participants are successfully absorbing profit-taking and short positions without allowing for a significant price retrace. Furthermore, persistent negative exchange netflows indicate that investors are moving tokens into private wallets for long-term holding. This trend of accumulation reduces immediate sell-side pressure and strengthens the overall constructive outlook for Worldcoin's recovery.