Worldcoin (WLD) price is witnessing a significant rise, recently returning to the $2 zone. Despite the uptick, a large percentage of holders continue to experience losses. Many anticipate further price increases, leading these holders to refrain from selling, which could mitigate sell pressures. This sentiment may foster a positive environment for ongoing price growth, potentially indicating a bullish trend for WLD.
Although WLD has surged by 8.12% over the past week, around 71% of its holders are still at a loss. This suggests that most investors purchased their tokens at higher price levels. The Historical Break Even Price chart is crucial for understanding this situation, revealing that only 23% of holders are currently in profit, while about 6% are at break-even. The vast majority remain in negative territory.
Holders currently facing losses may be hesitant to sell their tokens, anticipating further price increases. If this mindset continues, the likelihood of a significant sell-off diminishes, which could create a bullish atmosphere for WLD. Reduced selling activity, coupled with steady or increasing demand, could propel prices upward.
The 7-day Moving Average Social Dominance of WLD is currently at 0.30%, a notable rise from 0.021% on October 3. This metric assesses the proportion of total social media discussions surrounding a specific asset over a week. Historically, increases in WLD's social dominance have coincided with upward price movements.
Recent funding announcements for OpenAI have generated buzz across the broader AI landscape, particularly benefiting WLD due to its connection with co-founder Sam Altman. Increased social media engagement could serve as a catalyst for continued price growth.
The Exponential Moving Average (EMA) lines for WLD currently indicate a bullish trend, with short-term EMAs above long-term ones. A golden cross formation on October 6 signals potential for a strong upward movement. As the gap between short-term and long-term EMA lines widens, it suggests further strengthening of the current uptrend.
If positive momentum persists, WLD may test the resistance level at $2.18, with a potential rise to $2.47, marking its highest price since July 2024—a possible growth of 23.5%. Conversely, if the trend shifts, established support levels at $1.59, $1.51, and $1.38 may be tested, indicating a potential drop of up to 31%.
