WLD, the native token of Worldcoin, an AI company headed by Sam Altman, has become one of the top gainers today after surging 26% to $1.63 for the first time in three months. The surge follows an announcement regarding a massive $135 million investment in the firm.
On Thursday, Worldcoin revealed that it had conducted a funding round led by venture capitalists Bain Capital Crypto and a16z, who acquired millions of WLD tokens. The revelation renewed investor interest in the asset, as evidenced by the latest price action.
Why WLD’s Price Could Continue to Surge
As mentioned, WLD’s 24-hour high is $1.63. The sellers found this level perfect for booking profits, causing the token to dip to $1.54 at press time. Nonetheless, the bullish sentiment on WLD remains strong, as confirmed by the Awesome Oscillator momentum indicator, whose latest green histogram bar is now at 0.20.
For starters, the Awesome Oscillator indicator measures the current market momentum of a particular crypto asset to help identify possible long-term price trends. When its histogram bars are green, it means the current momentum is solid and that there is a possibility of a sustained uptrend in the future.
Alongside this indicator, growing trading volume is another sign that WLD could continue to rally. According to data from Santiment, the token’s volume has increased by 159% in the past 24 hours, surpassing $1 billion. That means the latest WLD rally is supported by actual demand in the spot market.
WLD’s Price Analysis
Worldcoin’s latest rally has caused a move above the $1.43 key resistance, and the bulls have succeeded in turning that level into major support, indicating their intention to drive the asset’s price higher. If buying pressure grows, WLD could see its value rise to $1.95 for the first time since late January. Conversely, if $1.43 breaks, the asset could retest the $1.19 support.
Crypto Markets Today
Bitcoin touched $111,345 on Friday morning but has reversed to $109,209 as of this writing. Meanwhile, Ethereum is down 3.6% to $2,556 today. Sui has seen the biggest loss (9.3%) among the top 20 assets by market cap. It trades at $3.67. Finally, Hyperliquid has flipped Chainlink and Avalanche to become the 14th-largest cryptocurrency by market valuation after rallying 34.37% to $35.21.
