World (WLD) Rallies 20% After Announcing the Launch of the World ID Passport Credential Pilot in Multiple Countries

World (WLD) rallied over 19% in the last 24 hours, reaching a 5-month high of $3.03 on Nov. 29 before settling at $2.88 at the time of writing.

Worldcoin (now renamed to World) has announced that the project is piloting World ID Credentials in select countries, including Chile, Colombia, Malaysia, and South Korea.

The feature, currently available only on iOS devices, allows individuals in these countries to link NFC-enabled passports to their World ID, enabling them to claim WLD tokens without the traditional in-person iris scan via the Orb.

Following the announcement, interest in the WLD futures market surged, with a 21.8% increase in open interest, reaching $418.31 million on Nov. 29, as per CoinGlass data. This strong demand from traders has played a role in driving the recent rally.

After a 19% rally in the last 24 hours, reaching a 5-month high of $3.03 on Nov. 29, Worldcoin's native token, WLD, was trading at $2.88 at the time of writing. The asset’s market cap had surpassed $2 billion, while its daily trading volume also surged by 122%.

The altcoin's rally comes as Worldcoin (now rebranded to World) revealed that the project is piloting World ID Credentials in select countries.

The feature, currently available only on iOS devices, allows individuals in these countries to link NFC-enabled passports to their World ID, enabling them to claim WLD tokens without the traditional in-person iris scan via the Orb.

Following the announcement, open interest in the WLD futures market increased by 21.8% to $418.31 million, according to CoinGlass data, reflecting the growing demand among traders, which helped fuel the recent rally.

Multiple analysts are speculating on the potential for further gains in WLD, with several pointing to $12 as the next possible target for the token.

One such announcement is presented below.

$WLD

Double digits coming to a chart near you pic.twitter.com/KbeQ1MGvnk

Additionally, some analysts have highlighted several bullish technical patterns that support the idea that the rally could extend.

For instance, pseudonymous analyst CryptoBull_360 noted that WLD has formed an ascending triangle pattern on the 4-hour price chart, which is considered a bullish reversal signal in technical analysis. Based on the chart he shared, a breakout above the $2.8–$3 resistance zone could result in gains exceeding 50% in the short term.

Another bullish case for WLD was presented by fellow trader Han Ji Ahn, who highlighted a multi-month cup-and-handle pattern that could position WLD for a run-up to the $12 mark and possibly $20 in the coming months.

The 24-hour WLD/USDT chart shows the token trading above the upper Bollinger Band, indicating strong and sustained buying activity.

With the Relative Strength Index at 65 and an Average Directional Index of 27, the bullish momentum appears to have ample room to grow.

Moreover, as Bitcoin continues to face resistance at the key $100,000 level, WLD is also expected to benefit as investor focus has started shifting toward altcoins.