Worldcoin Price Surges as Open Interest Builds with Rising Volume

Worldcoin price has recently experienced a notable uptick, moving above the crucial $0.90 level after hovering near $0.88.

This rise comes amid increasing trading volumes and expanding open interest in derivatives markets, signaling growing participation and interest. Ranked within the top 80 cryptocurrencies, this token’s recent activity reflects shifts in market dynamics, combining price, volume, and technical indicators.

One-Hour Chart Shows Strong Short-Term Price Movement

The one-hour chart reveals a steady ascent in price, with the token trading between $0.88 and $0.91 during recent sessions. This steady climb has pushed the price to challenge and surpass short-term resistance zones. Simultaneously, aggregated open interest across derivative contracts has increased.

Source: Open Interest

When open interest rises in tandem with price, it suggests new positions are being opened and traders are confident about the continuation of the bullish trend. This indicates that the rally is supported by genuine market conviction rather than temporary distortions, such as short squeezes. The combination of price action with rising open interest points to strengthening momentum in the short term.

Data Reflects Price Climb with Volume Growth

Additionally, data from Brave New Coin shows that the price of WLD moved from approximately $0.85 to $0.90 within the past several days. This increase aligns with a 25% growth in daily trading volume, which now stands near $125 million.

Source: BraveNewCoin

Such a rise in volume confirms growing market interest and suggests buyers are stepping in more aggressively. The circulating supply remains around 2 billion tokens, giving the token a market cap close to $1.76 billion.

However, the total supply is significantly larger at 10 billion, and the difference between circulating and total supply creates a persistent selling pressure as more tokens are unlocked over time. This tokenomics factor challenges upward price momentum, but has not stopped the recent price and volume gains from taking place.

Technical Indicators Signal Market Sentiment and Potential Next Moves

At the time of writing, according to TradingView, the coin was trading near $0.90, with key technical indicators offering further insight into market sentiment. The Bollinger Bands on the daily chart show the price approaching the upper band, which often signals strong momentum but may also indicate increasing volatility or a short-term overbought condition.

Source: TradingView

The MACD remains below the zero line but shows signs of converging, hinting at a possible weakening of bearish momentum, though a bullish crossover is yet to occur. The Chaikin Money Flow (CMF) indicator continues to hover near zero, suggesting a balance between buying and selling pressures, though not yet a decisive accumulation phase.

The interplay of these indicators suggests that while market participants are optimistic in the near term, sustained upward movement will require confirmation through continued volume support and a clear shift in momentum indicators.