Key Insights:
- Worldcoin climbs 5% as analyst Dan Ives backs valuation.
- Trading volume surges to $503M, signaling heightened market activity.
- Key support at $1.42 holds, resistance near $1.60 challenges.
Worldcoin price went up by 4.64%. The trade was at $1.58 as of press time following Dan Ives’ remarks on the asset. The trading volume increased by 10.37% in the last 24 hours to $503 Million. This indicates increased market involvement.
Ives: Everyone is Racing for Bitcoin and Ethereum, Forgetting Worldcoin
Dan Ives, the managing director of Wedbush Securities, shared a bold view on WLD. He called Worldcoin an underrated portfolio. It has the potential to become the backbone of AI infrastructure. His remarks sparked a major market shift.
Dan Ives joined a CNBC interview this week. There, he discussed crypto adoption in Washington. The talks included Michael Saylor from MicroStrategy and Tom Lee from Fundstrat.
He emphasized the growing acceptance of Bitcoin and Ethereum among policymakers. At the same time, he positioned Worldcoin as the default infrastructure for AI. His remarks put WLD in the context of underpricing digital assets when considering the technological placement.
The promotion was part of the wider crypto market bullishness. This increased the Worldcoin price above its intraday lows of $1.51, igniting new flows into the token.
Worldcoin Prices Solidifying
The 24-hour chart indicates that WLD has been solidifying at over $1.55. This followed a sharp reversal at a level below $1.52. Buying gained momentum at the U.S. trading session, and the price hit a high of $1.62, then reverted.
This is taking profits at almost near-term resistance areas. However, the token is still far above its early-week area of around $1.47. The short-term structure implies a testing period, and the bulls are trying to put a base of accumulation at $1.55.
A longer view of Worldcoin price charts shows a massive diagonal resistance that has limited upwards movement since other higher points. The recent rally has taken WLD beyond the horizon.
It was previously set at 1.42 and stalled at 1.57. Such a breakout attempt signals a change in the trader’s position. This also suggests a price exceeding the multi-month downward trendline.
The support levels are concentrated around the area of 0.97-1.12, which is already known to be critical. This zone’s recurrent rebounds are depicted in the chart, highlighting that this area is a powerful demand area.
The level will not fall below $1.42. Keeping the levels above this figure will be critical in avoiding more downside tests. The resistance bands are at 3.86 to 4.40 in the technical indicators, a crucial area on the chart.
They used to be distribution areas where the sellers flooded the buyers. Between 9.57 and 12.03, the chart has a more distant cluster of resistance, with significant resistance. This was a form of resistance in the past.
However, the short-term problem for WLD is to break out of the $1.60 -1.65 range, which sells. A persistent action beyond $1.65 would create avenues to retest the levels of $2.00.
Since its previous peaks, the Worldcoin price has fallen considerably, highlighting the overall volatility of AI-linked tokens. The long-term plot indicates that the history exhibits a wedge-shaped formation between increasing lows.
Also, a continuous resistance line is running downwards. Since the recent breakout attempt, the question is whether the momentum can be developed to the mid-range resistance zones.
Moses K is a crypto journalist covering markets, regulation, and blockchain trends. He has written for The Coin Republic, Coinchapter, Cryptopolitan, Cryptotale, Coinspeaker, and MPost. Known for his concise, data-driven reporting, Moses focuses on price analysis, on-chain metrics, and policy developments shaping the global digital asset landscape.
