Worldcoin WLD rose 3.5% in 24 hours, with a concurrent 5.5% increase in Open Interest signaling short-term bullish momentum. The altcoin rebounded from the $0.36 range low, with analyst Ali Martinez noting it was testing a month-long range. While the long-term trend remains bearish, recent on-balance volume improvement suggests a potential pause in the downtrend.
Worldcoin WLD has rallied 3.5% in the past day and witnessed a 5.5% increase in Open Interest. These developments were signs of strong short-term bullish momentum for the cryptocurrency.
Crypto analyst and trader Ali Martinez pointed out that the altcoin had neared the $0.366 range lows. “This range has been in play for a month, and Worldcoin was already up 6.5% from the local lows at $0.356,” he stated.
The long-term trend for Worldcoin has been bearish since a swing structure shift in October 2025. However, over the past six weeks, the On-Balance Volume (OBV) has begun to trend slightly higher.
This suggested that WLD might have halted the downtrend, though it has not been confirmed. A month-long consolidation after a long bearish trend was considered a hopeful sign for buyers.
The range lows at $0.36 were defended, and the price rallied above the $0.370-$0.375 local resistance zone. The OBV also increased, with high buying pressure over two days fueling its recovery.
According to a liquidation heatmap from CoinGlass, liquidity clustered around $0.36 has been swept. The swift bullish reaction from the range lows confirmed short-term bullish intent.
Next up, the $0.39 and $0.445 zones were identified as likely targets. It is possible WLD rallies to these, especially if Bitcoin can maintain its upward momentum.
The information presented does not constitute financial advice and is solely the writer’s opinion.
