Sam-Altman linked WLD has emerged as today’s standout performer, soaring 25% in the past 24 hours.
The token has been trending upward since September 5, driven by the project’s recent launch of its anonymized multi-party computation (APMC) initiative. Currently trading at a two-month high of $1.26, WLD’s growth is supported by strong market signals that suggest the rally could continue.
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Worldcoin Rally Gains Traction
WLD futures market participants display bullish conviction, as indicated by the token’s spiking long/short ratio. Presently, this ratio sits at an encouraging 1.09. This means that more traders are taking long positions—betting on price appreciation—than short positions, a scenario that indicates optimism within the market.
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The long/short ratio measures the number of traders holding long positions compared to those holding shorts. A reading above 1 indicates that more traders are betting on price appreciation rather than decline. Conversely, a ratio below one suggests that most traders are positioning for a price drop. WLD’s climbing ratio signals heightened optimism across derivatives markets and confirms that many traders expect the rally to continue.
Additionally, examining the daily chart reveals an encouraging trend in WLD’s Smart Money Index (SMI), which tracks participation from institutional investors and influential traders. Currently at a 48-day high of 0.605, this uptick indicates an influx of capital from sophisticated market players into WLD, further solidifying the bullish outlook.
The SMI indicator provides insight into capital controlled by institutional investors or experienced traders who possess a deeper understanding of market dynamics. By analyzing intraday price movements, it measures the behavior of these investors, noting shifts in buying and selling activity throughout the trading day. A rising SMI signals that smart money is accumulating an asset, and if this trend continues, it could help WLD reach new price highs in the near term.
Can Bulls Defend $1.14 and Push Toward $1.64?
Currently, WLD is positioned significantly above a support floor established at $1.14. Should demand increase and strengthen this level, WLD could break through the next resistance at $1.34, paving the way for a potential rally toward $1.64.
Conversely, should traders decide to take profits, WLD might retrace some of its gains, testing the $1.14 support level. If this threshold fails to hold, WLD may experience a sharp decline, dipping to around $0.57.