Worldcoin gains 10% on derivatives inflows, but spot selling raises doubts. Could $2 hold?
Key Takeaways
Содержание статьи:
Why is Worldcoin rallying after a 60% drop?
Breakout from bullish triangle, ADX at 28, MACD strengthening, resistance near $1.42–$1.63.
What signals point to WLD’s next target?
Open Interest hit $18 million, Funding Rates stayed positive, Spot Netflow $306K, suggesting $2 rally is possible despite short-term profit-taking.
Worldcoin [WLD] gained 10%, as of press time, after a steep 60% correction, validating AMBCrypto’s earlier outlook that called for a rally if bullish sentiment persisted.
The recent gains did not signal the end of this movement. Market sentiment continued to build, showing that the upward rally remained in place, although Spot investors started to make bearish bids.
Technical outlook stays bullish
WLD broke out of a bullish triangle, a pattern that often signals rallies toward the height of the formation. The projection pointed to a $2 target.
Source: TradingView
A continued bullish momentum could face resistance at $1.42 and $1.63, which are mapped as significant levels on the chart and could hinder price growth temporarily.
Technical indicators suggested that although WLD remained bullish, it may slow down slightly before resuming its upward trend.
The Average Directional Index (ADX) dipped slightly to 28, signaling a slowdown in trend strength. However, the reading remained strong enough to support a bullish bias at press time.
Source: TradingView
Meanwhile, the Moving Average Convergence Divergence (MACD) continued to trend upward, aiming for the bullish region on the chart.
Beyond technicals, the Derivatives market provided further clarity on the bullish stance and why WLD may continue to climb.
The bet is for a rally
In the Derivatives market, bullish traders remained positioned for a rally.
At the time of writing, Open Interest (OI) rose to $18 million, confirming fresh inflows. The OI-Weighted Funding Rate stayed positive, indicating most new capital came from long positions.
That alignment showed derivatives traders positioned for further upside. Long/Short Ratio data also confirmed longs dominated across centralized exchanges.
Source: CoinGlass
Spot investors back out
Spot investors, however, pulled back and sold $306,000 worth of WLD on the 26th of September.
Despite the selling, the Spot Exchange Netflow turned positive for the first time in 18 days. Therefore, the outflows looked like profit-taking rather than a broader bearish reversal.
A return of Spot buyers could reinforce the rally, adding to derivatives-driven demand.
Source: CoinGlass
For now, the structure stayed bullish, with $2 remaining a realistic upside target if momentum continued.
Next: ‘Two weeks away’ – Solana gains 7% on rising SOL ETF optimism
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