Worldcoin (WLD) has surged over 16% in the past 24 hours, with both spot and derivatives trading picking up. Unlike previous brief rebounds, this rally is accompanied by increased trading volume and open interest, indicating a recovery in market participation.
Trading volume and open interest both rose.
Data shows that WLD trading volume rose to approximately $482 million, a 50.79% increase from the previous day. Open interest also increased to approximately $286 million, a single-day increase of 20.96%.
The simultaneous increase in prices and open interest usually indicates the entry of new funds, rather than simply existing positions being switched between different traders. The renewed buying by short-term funds also increases market attention on future price movements.
$0.407 becomes the focus above.
From a price structure perspective, WLD has broken through the downward channel that had been suppressing its price movement since the end of 2025 and has regained the key support level of $0.269. After the breakout, the price briefly rose to around $0.34.
Currently, market attention has shifted to the resistance zone around $0.407. Previous rallies have lost momentum in this area, making it a key level to determine whether the current recovery can continue.
The pressure to liquidate has not yet disappeared.
In terms of technical indicators, the Relative Strength Index (RSI) rose to 60.96, above the neutral line of 50, but has not yet entered a clearly overbought zone. This indicates that buying momentum has recovered somewhat, but the upside potential still needs further verification.
Meanwhile, liquidation data suggests that short-term risks remain. Long positions were liquidated for approximately $434,000, while short positions were liquidated for approximately $198,000. The higher long liquidation rates during the upward trend indicate that some highly leveraged positions have been squeezed out by market volatility.
Overall, the current WLD rebound is more fundamentally sound than previous ones, driven by simultaneous increases in trading volume, open interest, and price breakouts. However, if leverage continues to accumulate and prices repeatedly encounter resistance around $0.407, short-term volatility could still increase.
