Will the Golden Cross Trigger a Rally to $1?

The Worldcoin (WLD) price has been gaining fresh momentum after climbing over 6% in the past 24 hours, reaching $0.63. The token is now approaching a key breakout zone after forming a golden cross on the daily chart, a signal often associated with the start of stronger upside moves. At the same time, rising open interest and a wave of short liquidations suggest traders are positioning aggressively, raising the question of whether WLD has enough momentum to reclaim the $1 mark.

Worldcoin’s Golden Cross Signals a Shift in Momentum

The Worldcoin price has been maintaining consecutive higher highs and lows since the rebound from the lows around $0.23. The recent rally has pushed the token above its short-term moving averages, forming a golden cross that points to strengthening bullish momentum. The 50/200-day is heading for a bullish crossover, often seen as an early sign of a trend reversal after a prolonged downtrend.

This move becomes more important as WLD continues to hold above the $0.60 support zone while attempting to build higher highs. The structure suggests buyers are gradually regaining control, with the immediate resistance now sitting near $0.66. A clean break above this level could open the path toward the next major target near $1.02.

Momentum indicators also support this view, with RSI holding above neutral and maintaining an upward slope, showing that buying strength remains active without yet reaching extreme, overheated levels.

Short Liquidations Are Fueling the Rally

Derivative data shows that recent upside in WLD has been accompanied by a sharp rise in short liquidations, suggesting bearish traders have been forced to close positions as price has moved higher. This type of forced buying often accelerates rallies, especially when resistance levels begin to break.

The liquidation chart highlights repeated short squeezes over the past few weeks, showing that sellers have struggled to regain control during the recovery. If this pattern continues, it could create additional upside pressure in the short term.

Rising Open Interest Adds Conviction

Worldcoin’s open interest has climbed significantly alongside price, signaling fresh capital entering the derivatives market. This is an important confirmation because rising prices combined with rising open interest usually reflect new positions being opened rather than old ones simply closing.

This growing participation suggests traders are increasingly betting on continuation, strengthening the case for a larger move if WLD can sustain current momentum. However, if open interest starts falling while price stalls, it may indicate profit-taking and weaken the breakout setup.

Can WLD Rally to $1 Next?

For now, Worldcoin remains in a strong recovery phase, supported by a fresh golden cross, rising open interest, and aggressive short liquidations. If bulls manage to break above the $0.66 resistance zone, the next upside targets could come in around $0.80 first, followed by the major psychological level at $1.00–$1.02. However, failure to hold above the $0.60 support zone could slow momentum and trigger a short-term pullback before the next breakout attempt.

Story Ends Here

Read the Next News