Worldcoin has recovered from a $0.30 decline, staging a 20% rebound as its altcoin market cap reclaimed $1 billion. The token climbed to a local high of $0.42 and traded at $0.40, erasing recent losses. Market data shows bullish momentum returning, with Open Interest rising sharply and capital flowing into long positions.
Worldcoin staged a 20% comeback to a local high of $0.42 after defending the $0.40 level. The altcoin had erased losses from the past three days as its total market cap reclaimed $1 billion, signaling fresh capital inflows. The broader market’s recovery in risk appetite fueled a shift in investor positioning.
Futures market data shows Open Interest rose 16.3% to $130 million. This increase indicates significant capital flowing into new positions, with most participants turning bullish. The Long-Short Ratio jumped from 0.7 to 1.2, reflecting aggressive bets on further gains by Worldcoin investors.
In the spot market, a significant increase in demand was recorded. The Buy/Sell Volume Pressure ratio indicated seller exhaustion, with buy pressure rising to 19 as sell pressure turned negative. This shift suggests buyers are actively absorbing market pressure, though net market pressure remains bearish.
Exchange activities highlight recovering demand, with net outflows of more than $28 million in WLD tokens over 24 hours. Only $27 million flowed into exchanges, showing a clear increase in market demand for holding the asset. These dynamics could create new upside price pressure for the token.
Technical indicators on the daily chart show a recovery in buying activity. Worldcoin’s Relative Strength Index made a bullish crossover, rising from 32 to 42. The token also crossed its short-term moving average before a slight pullback, which are signals for a potential sustained upside.
