Worldcoin (WLD) and Hyperliquid (HYPE) rank among the top two cryptocurrencies by weekly gains

CoinGecko data shows that WLD and HYPE gained nearly 35% in the past week. The two tokens could extend their price rally next week.

CoinGecko data shows that Worldcoin (WLD) and Hyperliquid (HYPE) are among the top two cryptocurrencies with the biggest weekly gains. The two tokens could continue their price rally next week.

Worldcoin and Hyperliquid price forecast

Worldcoin posted seven consecutive weeks of gains, and the rally continued this week. WLD price could extend its rally according to technical indicators on the weekly timeframe. A 32% increase could push WLD to test psychologically important resistance at $2.

Relative Strength Index (RSI) reads 51, crossing above the neutral level at 50 and MACD flashes consecutively green histogram bars, signaling a positive underlying momentum in WLD price trend.

In the event of a flashcrash or market-wide correction, WLD could slip to support at $0.914.

The daily price chart supports a similar thesis with WLD targeting resistance at $1.641, the lower boundary of an FVG. This marks nearly 8% climb for WLD from the current price level of $1.538.

The $0.835 support is key to WLD as the AI token continues its upward trend. RSI has crossed above 70, into the “overbought” zone and MACD signals positive underlying momentum in WLD price trend.

WLD faces resistance at $2, marked as R2 on the WLD/USDT daily price chart.

HYPE is 13% away from its closest resistance, at R1, marked by $40 on the daily timeframe. HYPE started its upward trend on April 7, 2025. The token could find support at $32 in the event of a correction.

Momentum indicators on the daily timeframe support further gains in HYPE, RSI climbed towards 83 and is sloping upwards. MACD is flashing green histogram bars above the neutral line, signaling the underlying positive momentum in HYPE price trend.

The 2024 peak of $42.252 is a key target for HYPE, it comes into play once the token flips resistance at $40 into support.

WLD and HYPE on-chain analysis

Worldcoin’s on-chain indicators support a bullish thesis for WLD in the coming weeks. Network realized profit and loss, a metric that identifies the net profit/loss of all tokens moved on a given day shows consistent loss realization from traders throughout the first part of 2025.

NPL shows likely capitulation in WLD, typically followed by an increase in a token’s price. The whale transaction count in two segments, valued at $100,000 and $1 million and higher shows spikes this week.

Large wallet investors moved their WLD tokens realizing gains on their holdings, in a relatively small volume compared to the count of traders taking losses in the past few weeks. This shows selling pressure on WLD is relatively low and there is scope for price gain next week.

Hyperliquid’s on-chain metrics show a spike in trade volume, weighted sentiment and social dominance alongside the rally. HYPE price rallied this week, driving up the share of HYPE’s mentions across social media platforms and weighted sentiment turned increasingly positive.

While a spike is noted in social dominance and weighted sentiment, it remains relatively low when compared to the large positive spike observed in March 2025. This was followed by a correction in HYPE and the token started its upward trend in the second week of April 2025.

Derivatives traders bullish on HYPE rally, WLD hype fades

Derivatives data from Coinglass shows that long/short ratio exceeds 1 for HYPE. This implies traders are bullish on gain in HYPE price, and short positions dominate liquidations in the 24 hour timeframe.

The total liquidations for the last 24 hours are $940,000, a majority of short positions paid for longs, according to Coinglass data.

The futures open interest chart for HYPE shows that OI is at its highest level since December 2024. OI has climbed to $1.16 billion, during the ongoing price rally and this marks the total value of open derivatives contracts in HYPE.

Worldcoin derivatives data analysis shows nearly 50% increase in OI in the last 24 hours. Similar to HYPE, short liquidations exceed long and the total volume of liquidations stands above $7 million.

The long/short ratio is under 1 and shows derivatives traders may not be as bullish on WLD price gain and sidelined buyers should exercise caution when opening a trade in the AI token.

Catalysts driving gains in WLD and HYPE

For WLD, one of the largest catalysts is the announcement of World