WLD Price Steadies at $0.94 While Market Activity Points to Next Move Toward $1.00
The post WLD Price Steadies at $0.94 While Market Activity Points to Next Move Toward $1.00 appeared on BitcoinEthereumNews.com.
Worldcoin is maintaining stability around the $0.94 mark as market activity and on-chain dynamics suggest that the token could be gearing up for a move toward the psychologically significant $1.00 level. 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…
Filed under: News - @ August 28, 2025 2:25 am