Worldcoin (WLD) has risen more than 13% over the past 24 hours, doubling its weekly gain to over 26%. Over the past 30 days, the altcoin has surged more than 50%. The rally comes amid renewed interest in artificial intelligence-related assets, despite a massive token unlock. Alongside WLD, NEAR, Bittensor (TAO), Injective (INJ), and Internet Computer (ICP) have all posted double-digit gains over the same period.
The primary driver of the rally has been strong buying activity, clearly reflected in the Spot Taker CVD metric over the past three months. The indicator turned positive in the final two days of August, signaling buyer dominance. Additional upward pressure came from large players: on Binance and OKX, the long-to-short ratio among top traders reached 1.93 for accounts and 2.11 for positions — both figures notably above 1.70 — indicating high engagement from major market participants. As a result, short positions worth more than $1.20 million were liquidated over 12 hours, while losses on long positions amounted to just $490K. This dynamic accelerated the rally.
The technical picture has also improved: WLD broke above the $0.41–$0.45 zone, which served as the most recent local high and simultaneously as the neckline of an inverted head-and-shoulders pattern. The breakout suggests a potential shift in market structure. The Relative Strength Index (RSI) stands at 67, above the neutral level, though bearish divergence is present — a signal that selling pressure has not yet been fully exhausted. A downside risk also remains: on September 7, 69 million WLD tokens worth approximately $28 million are set to unlock. This represents only a portion of the 87 million tokens scheduled for release in September. The additional supply could intensify price pressure. Analysts note that if bullish momentum is sustained, WLD could target the $0.55 level and beyond $0.67, but for the uptrend to continue, the price needs to hold above the $0.45 zone, which would confirm the market structure shift.
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This material is prepared for informational purposes only and does not constitute financial advice or a recommendation.