Worldcoin Rises 10% in 24 Hours, Reaching Resistance at $0.60

In the last 24 hours, the price of Worldcoin (WLD) has increased by more than 10%, while trading volume rose by 45% to $639 million. This indicates a significant increase in market participation. The growth is actively supported by both large investors and buyers in the spot market. In its recent analysis, AMBCrypto notes that blockchain data and market indicators for Worldcoin suggest an increase in participation from large investors, including whales and buyers who are influencing price dynamics.

Particular attention is drawn to the dominance of whales in the futures market, where they continue to increase trading volumes. This indicates potential strategic accumulation of the asset, as the token is trading above key exponential moving averages. According to spot market data, WLD buyers also hold a dominant position, which, combined with whale activity, creates an enticing bullish sentiment across various market segments, suggesting that confidence in growth is demonstrated through multiple sources of demand rather than relying on a single one.

The first resistance zone for bulls is at the local maximum of $0.60. A convincing breakout of this level will open opportunities for growth towards the next resistance level at $0.725. A recovery of the $0.60 level will confirm buyer control and their active participation in the recent rise. Thus, the positive dynamics of the market structure, observed in the form of increased trading volumes and whale activity, as well as sustained interest in buying in the spot market, support the current growth of WLD, opening the possibility for further movement towards the next resistance at $0.725.