The post WLD surges by 14.36% as open interest hits a new ATH appeared on BitcoinEthereumNews.com.

WLD has surged by 14.36% over the past 24 hours. Worldcoin’s market indicators shows a strong bullish momentum as open interest hits a new ATH. Over the past 24 hours, Worldcoin [WLD] has experienced a strong upswing to hit a 5-month high . Over the past month, WLD has hiked from a low of $1.5 to a high of $3.o6. As of this writing, Worldcoin was trading at $2.88. This marked a 14.36% upsurge over the past day. Equally, the altcoin has gained on weekly and monthly charts hiking by 26.27% and 38.18% respectively. Despite the price pump, WLD remains approximately 75.7% below its ATH of $11.82. The current market conditions raise questions about whether Worldcoin is on the verge of a sustained rally. Source: X Inasmuch, these recent gains have left analysts talking about the altcoin’s trajectory. As such, popular crypto analyst Ali Martinez has predicted a sustained rally towards $4. Can WLD finally rally? According to AMBCrypto’s analysis, WLD is experiencing a strong upward momentum amidst bullish sentiment. As such, the prevailing market conditions could position the altcoin for more gains on the price charts. Source: Coinglass For starters, Worldcoin’s open interest has surged to hit a new ATH of $433.9 million over the past 24 hours. A surge in open interest implies that investors are opening new positions. This usually reflects increased buying pressure with buyers dominating the market. Source: IntoTheBlock Additionally, Worldcoin’s number of large transactions has surged by 55.56% over the past 24 hours from 90 to 140. This shows high whale activity indicating that large holders are actively engaged and a part of this price rally. Source: IntoTheBlock This high level of participation is not an isolated case among whales only but across all participants. We can see this through a spike in daily active…

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Filed under: News - @ November 29, 2024 1:26 pm