Worldcoin’s (WLD) price recovers with help from whales 🚀🐋

Worldcoin’s (WLD) Price Surge Driven by Whale Accumulation

The price of Worldcoin (WLD) is experiencing significant growth, primarily due to the actions of whale addresses.

These notable investors have been accumulating WLD, leading to a recovery from recent losses with potential support from investors like you.

Worldcoin Influencers: Address Accumulation

Worldcoin’s price is currently above the $5 mark but faces resistance in breaking through a critical level. However, the presence of whale addresses may play a crucial role in supporting the altcoin’s value.
In the last two weeks, addresses holding between 100,000 and 1 million WLD have acquired over 6 million WLD, equivalent to nearly $30 million. This significant purchase indicates investor confidence in potential price increases.

Worldcoin Whale Holding. Source: Santiment

Retail investors are also optimistic about Worldcoin’s future, as indicated by their behavior. Active addresses show low potential for selling, with less than 6% of addresses currently holding profitable positions.
This lack of selling pressure could create ideal conditions for a price rally, with HODLing dominating overselling behavior among WLD holders.

Worldcoin Price Prediction: The Dawn of Growth

After a rebound from the $4.53 support level, Worldcoin’s price has struggled to surpass the $5.14 resistance. This critical barrier, in place since mid-May, serves as a key milestone for recovery.
If bullish investor sentiment persists, WLD could successfully breach this resistance and establish it as a new support level. This development would pave the way for a potential rise to $5.64, the next significant hurdle for the altcoin.

Worldcoin Price Analysis. Source: TradingView

However, failure to breach the resistance could result in Worldcoin’s price consolidating within the $5.14-$4.53 range. A drop towards the lower end of this range might increase the likelihood of a breakdown, challenging the bullish outlook.

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