Multiple data points indicate that despite short-term fluctuations, investor interest remains robust, and momentum may soon favor upward price action.

Speculative Trading Remains Active Amid Price Consolidation

Coinalyze data shows WLD price moving between $0.86 and $1.02 within recent sessions, reflecting bouts of short-term rallies followed by sharp corrections. A notable spike near $1.02 on August 23 was quickly retraced, hinting at either long-liquidation events or fleeting speculative buying.

Open interest around these moves surged but then steadied near 201 million contracts, signifying sustained engagement rather than wholesale liquidation.

Source: OpenInterest

This steady open interest despite price corrections suggests that many traders retain positions, anticipating a rebound. Market watchers should monitor divergences between price and open interest closely, as increasing leverage without follow-through could increase liquidation risks or signal upcoming volatility. Overall, these patterns point to an active market searching for directional clarity near current levels.

Market Metrics Confirm Healthy Volume and Moderate Gains

Additionally, BraveNewCoin reports WLD trading at $0.94 with a 5.69% gain over 24 hours, supported by liquidity with volume close to $175 million and a market cap near $1.84 billion. Intraday price progression from $0.88 to $0.96 shows consistent buying interest, while a pullback near $0.94 suggests short-term resistance building.

Source: BraveNewCoin

The coin ranks #72 in market capitalization with an available supply of nearly 2 billion tokens, situating it within mid-tier crypto assets attractive to traders. Continued strength above $0.96 could encourage bullish momentum, potentially driving the price to test and break through $1. Conversely, failure to sustain buying volume may result in retests of support closer to $0.90.

Technical Indicators Suggest Possible Bounce but Bearish Momentum Lingers

At the time of writing, TradingView technicals illustrate WLD near the lower Bollinger Band at approximately $0.875, a region often associated with oversold conditions and potential price support. The upper band lies near $1.11, with the midline at around $0.994 acting as an intermediate resistance.

Price trading below this middle band implies short-term weakness but also opens the door for a bullish reversal if conditions improve.

Source: TradingView

The MACD remains slightly bearish, with the MACD line below the signal line and a negative but flat histogram, indicating reduced bearish intensity without confirming a reversal. For bullish momentum to pick up, the coin must break above $1.00 and push toward the $1.11 resistance level. Support near $0.87 is key to preventing further declines, and technical watchers will carefully observe volume and momentum for signs of sustained strength.

In conclusion, Worldcoin’s consolidation near $0.94 amid strong market activity and steady open interest suggests a poised environment for an upward move, potentially targeting $1. However, mixed signals from momentum indicators call for cautious optimism, with volume and price action around key support and resistance levels holding the key to the asset’s next directional phase.

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Filed under: Bitcoin - @ August 27, 2025 8:22 pm