Worldcoin [WLD] appears primed for a strong upside move as institutional and whale interest sharply intensified

Since April began, WLD surged by over 111%. However, after peaking, it entered a correction phase — now trading near $1.07.

Worldcoin [WLD] price appears primed for a strong upside move as institutional and whale interest sharply intensified, on-chain data from IntoTheBlock revealed.

The cryptocurrency's price surged by over 111% since the beginning of April. However, after peaking, WLD entered a correction phase, now trading near the $1.07 level.

On the 30th of April, the on-chain analytics firm revealed that whales and institutions have been heavily participating in the asset.

Large Transaction Volume spiked 42% over the past 24 hours, while Active Addresses jumped 43% — a bullish sign.

(Image Credit: IntoTheBlock)

Meanwhile, another on-chain metric from IntoTheBlock shows that whale transactions worth between $100K and $1 million soared by 384%.

Such development in the whale’s activity potentially hints at aggressive accumulation, which appears as a bullish sign.

(Image Credit: IntoTheBlock)

68% of WLD traders go long

In addition to whale and institutional interest, the Binance WLDUSDT Long/Short Ratio stood at 2.12, reflecting a clear bullish bias.

This metric showed that 67.95% of top traders took long positions, while only 32.05% leaned bearish.

During the same period, intraday traders also backed the bulls, according to on-chain data from CoinGlass. In fact, traders were over-leveraged around $1.05 (support) and $1.11 (resistance) in the past 24 hours.

They built $3.63 million in long positions and $2.77 million in shorts at these key levels.

Naturally, this positioning confirmed that bulls maintained dominance across both directional bets and capital commitment.

When combining all these metrics, it appears that smart money is moving in, and both traders and investors are showing strong confidence in the WLD coin, which has the potential to push the price upward.

Worldcoin price action and key levels

According to AMBCrypto’s technical analysis, WLD appears bullish and is currently retesting its breakout level at $1.05.

Based on the daily chart and historical price momentum, if the asset holds above the key support level of $1.05, there is a strong possibility that the WLD coin could soar by 25% and reach the $1.35 level in the near future.

Alternatively, if WLD falls below this key support level, it could shift the sentiment to bearish and push the asset down by 20%, potentially reaching the $0.815 level.

The post Worldcoin: Whale activity surges 384% as smart money shows interest in WLD appeared first on AMB Crypto.

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