The Worldcoin token, WLD, rose over 16% in the past 24 hours, reaching $0.587, with trading activity significantly rebounding. After weeks of sustained weakness, this rally has pushed the price back above a key support level and toward a new resistance zone.
Trading volume rebounded, but futures remain bearish.
Data shows that WLD trading volume reached $666.37 million, a 17.3% decrease from the previous trading day. Nevertheless, buying pressure remained dominant during this recovery, driving the price to steadily rebound from recent lows.
However, the derivatives market has not fully turned optimistic. The futures Taker CVD still shows a seller dominance, indicating that during the price rebound, active sell orders continue to outnumber active buy orders. This suggests that some traders are still taking profits at higher levels or continuing to build short positions.
$0.4438 reclaimed
WLD previously rebounded from around $0.2289, then reclaimed the key level of $0.4438 and is now approaching the resistance at $0.6323. The repair of the price structure indicates that the prolonged downward pressure over the past several months has eased.
Meanwhile, the Relative Strength Index (RSI) has risen to 59.81, significantly above the signal average of approximately 38.02, indicating strengthening buying momentum. The indicator is approaching the bullish zone but has not yet entered overbought territory, suggesting further upside potential if demand continues.
The exchange net outflow continues.
Spot flow data shows that during the price recovery, investors continue to transfer tokens out of exchanges. This behavior typically indicates increased holding intent rather than preparation for immediate selling.
Although the net outflow this time was not particularly large, it aligned with the price recovery trend. Meanwhile, the absence of significant inflows into exchanges has eased concerns about rising short-term selling pressure.
If WLD stabilizes and breaks above $0.6323, the next resistance level will be at $0.8450; if it breaks further, $1.00 will become the next target zone for the market to watch.