Worldcoin rallies 10% as World Foundation raises $135M

Worldcoin jumped 10% on the last day, surfing on the wave of a major increase of $ 135 million by the World Foundation.

According to the official fundraising of the World Foundation announcement On May 21, funds will be used to extend its IRIS based identity network, World ID. In Andreessen Horowitz and Capital Crypto, which bought Worldcoin (WLD) Tokens with market value, increasing the offer of tokens in circulation.

With more than 26 million users and 12.5 million identifies verified by Orb in 160 countries, this institutional support gives more credibility to the project. The market responded positively to the news.

The volume of exchanges increased by 87% to more than $ 508 million, while the volume of derivatives exploded from 112% to 879 million dollars. The open interest has also increased by 23%, now to $ 280 million, according to Coiinglass data. After months of decline, this steep increase indicates a variation in the feeling of traders while capital returns to WLD. However, the token is still 89% below its peak of $ 11.74 in March 2024.

On the technical side, the action of WorldCoin prices displays signs of strength. After recovering support around $ 1.00, he returned to $ 1.24. This decision is accompanied by a strong momentum and an increase in the volume, indicating that the bulls could regain control. The price is negotiated above medium-sized and mid-term moving medium-sized, which are currently on the rise, often a bull sign.

The relative resistance index is slightly greater than 60, which indicates that there is always a growth potential without reaching an exaggerated level. The expansion Bollinger bands suggest a possible escape movement. If the bulls can cross the level of crucial resistance, which is around $ 1.30, the next main barrier is nearly $ 1.38.

Chain fundamentals continue to be a risk and strength. More WLD is now in circulation due to the recent token sale, which could exert short -term pressure on the price. But the fact that it was not a VC dumping ground, but rather a sale with two long -standing donors at the market price, changes the story.

In addition, if WorldCoin can use the new financing to succeed ladder Its global identification infrastructure, in particular in the courts such as the United States, where the regulation of digital identity is tightened, it could be carved out unique niche at the intersection of AI, privacy and identity.

If the current dynamics are valid, WLD could move to the $ 1.37 range to $ 1.50. An escape above this area could cause a rally As shorts are in a hurry. However, if buyers lose their interest and the token falls below $ 1.20, a trace at $ 1.10 or even $ 0.95 is still possible.