• Worldcoin shows strong whale interest and a 252% surge in transaction volume.

  • Significant WLD outflows from exchanges suggest long-term holders anticipate higher future prices.

  • WLD could rise 30% if it maintains support above $2.5, with bullish technical signals.

Worldcoin (WLD) has gained significant attention after a strong breakout. The price action has drawn in whales, institutions, and traders. Some are now expecting a potential 30% surge. But for this to happen, WLD must hold above a crucial support level.

https://twitter.com/ali_charts/status/1867485796925685871 Whale and Institutional Interest Grows

Worldcoin has seen a spike in large transactions. According to IntoTheBlock, large transaction volume has surged by 252%. This signals growing confidence from whales and institutional investors. Despite unpredictable market conditions, such activity often indicates a future rally. Investors moving large sums of WLD suggest that they expect higher prices ahead.

Additionally, Coinglass reports significant WLD outflows from exchanges. In the past 48 hours, $20.20 million worth of WLD has left exchanges. This points to long-term holders pulling tokens from the market. Coins moving from exchanges to personal wallets typically signals a bullish outlook. These actions from holders suggest they are betting on higher future prices.

Technical Analysis: A 30% Surge on the Horizon?

Looking at technical indicators, WLD’s chart shows potential for growth. Recently, the token bounced off the $2.5 support level. This is a positive sign for the short-term price action. Additionally, a bullish engulfing candlestick pattern suggests momentum is building. Analysts predict WLD could rise by 30%, targeting the $4 level.

The key here is whether WLD can maintain support at $2.5. As long as the token stays above this level, upward momentum remains strong. A fall below $2.5 could end the bullish trend and reverse the price action. The Relative Strength Index sits at 52, which is not in the overbought zone.

For now, the bullish technical indicators suggest that WLD has more room to grow without hitting resistance. Currently trading at $3.08, WLD has the potential to rise 30% if it holds above $2.5. Investors will need to keep an eye on how the price develops in the coming days.

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