- Blockchain data for Worldcoin shows a bullish bias
Santiment data indicates that the trading volume in the WLD ecosystem (total trading volume generated by all on-chain trading applications) reached $1.46 billion on Wednesday, marking the highest annual level and the highest trading volume since July 2024. This increase in volume suggests a significant rise in trader interest and liquidity for Worldcoin, reinforcing its positive outlook.
WLD trading volume chart. Source: Santiment
Additionally, Santiment's supply distribution data shows that some whales have been buying WLD during recent price dips.
Data indicates that whales holding between 10 million and 100 million WLD tokens (blue line) and those holding between 1 million and 10 million WLD tokens (yellow line) accumulated a total of 150.59 million WLD tokens from Sunday to Thursday. This suggests that whales took advantage of the dip and accumulated Worldcoin at a lower price.
Water supply distribution chart. Source: Santiment
- WLD Coin Price Expectations: WLD is trading within a descending wedge pattern:
The price of WLD has been trading within a bearish pattern (formed by connecting multiple peaks and troughs with two trendlines) for over a month. As of Thursday when this report was written, WLD's price rose to approximately $0.49.
If the WLD price breaks above the descending wedge and closes above it, the upward movement could extend toward the daily resistance level at $0.56. If the price closes above this level, it could rise further toward the 50-day exponential moving average (EMA) at $0.63.
The Relative Strength Index (RSI) on the daily chart indicates a level of 36, trending upward toward its neutral level at 50, suggesting a slowdown in bearish momentum. However, for the bullish momentum to continue, the RSI must break above the neutral level. Meanwhile, the MACD lines are converging, indicating a state of indecision among traders.
Daily chart of the WLD/USDT pair
On the other hand, if WLD experiences a correction, the decline could extend to its lowest level on December 18 at $0.47.
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Before00zero
· 9h ago
Lookonchain data indicates that a wallet associated with Multicoin Capital spent 30 million USDC on Thursday to purchase 60 million WLD tokens.
On-chain metrics suggest that whales are accumulating, and trading volume is at its highest level this year, boosting bullish potential.
- Blockchain data for Worldcoin shows a bullish bias
Santiment data indicates that the trading volume in the WLD ecosystem (total trading volume generated by all on-chain trading applications) reached $1.46 billion on Wednesday, marking the highest annual level and the highest trading volume since July 2024. This increase in volume suggests a significant rise in trader interest and liquidity for Worldcoin, reinforcing its positive outlook.
WLD trading volume chart. Source: Santiment
Additionally, Santiment's supply distribution data shows that some whales have been buying WLD during recent price dips.
Data indicates that whales holding between 10 million and 100 million WLD tokens (blue line) and those holding between 1 million and 10 million WLD tokens (yellow line) accumulated a total of 150.59 million WLD tokens from Sunday to Thursday. This suggests that whales took advantage of the dip and accumulated Worldcoin at a lower price.
Water supply distribution chart. Source: Santiment
The price of WLD has been trading within a bearish pattern (formed by connecting multiple peaks and troughs with two trendlines) for over a month. As of Thursday when this report was written, WLD's price rose to approximately $0.49.
If the WLD price breaks above the descending wedge and closes above it, the upward movement could extend toward the daily resistance level at $0.56. If the price closes above this level, it could rise further toward the 50-day exponential moving average (EMA) at $0.63.
The Relative Strength Index (RSI) on the daily chart indicates a level of 36, trending upward toward its neutral level at 50, suggesting a slowdown in bearish momentum. However, for the bullish momentum to continue, the RSI must break above the neutral level. Meanwhile, the MACD lines are converging, indicating a state of indecision among traders.
Daily chart of the WLD/USDT pair
On the other hand, if WLD experiences a correction, the decline could extend to its lowest level on December 18 at $0.47.