Worldcoin surges 21%: institutional demand and technical analysis of WLD
On June 15, the Worldcoin (WLD) token showed a confident 21% increase, reaching around $0.61. The key catalyst for this movement was a disclosure from Eightco Holdings (ORBS), which confirmed its status as the largest public holder of WLD, having accumulated 283 million tokens on its balance sheet.
This volume accounts for approximately 8.4% of all WLD tokens in circulation. Eightco's total reserves, which also include over 16,000 ETH and a $90 million stake in OpenAI, are estimated at around $406 million. Such institutional concentration is unprecedented for Worldcoin, and the market reacted immediately.
Why is Eightco betting on WLD?
Eightco's strategy is based on a long-term vision. The company views Worldcoin and its Proof of Human ecosystem not merely as a cryptocurrency asset, but as an infrastructure layer for identity verification in the era of total automation. Given that over 16 million users have already been verified, and discussions about a potential OpenAI IPO are fueling interest in related projects, the bet on WLD appears meaningful.
Technical Analysis: Bullish Channel Under Pressure
On the daily chart, WLD managed to break through the key Fibonacci retracement level of 0.786 around $0.57. The next target is the local high near $0.66. However, the RSI indicator is forming lower highs against a rising price, which is a classic signal of bearish divergence. The nearest support is located at $0.45, with a more reliable level at $0.33.
On the hourly timeframe, the picture is more optimistic: since late May, WLD has been trading within an ascending parallel channel. Volumes increased on the breakout of resistance but remain below the peak levels from early June. This indicates that additional market activity is needed to sustain the rally.
My expert opinion: Institutional appetite for WLD is a strong fundamental signal, but the current technical picture requires caution. As long as the price holds above $0.45, chances for continued growth remain. However, the bearish divergence on the daily RSI warns of a possible correction. A break below $0.33 would signal a pause in the rally. The market is at a bifurcation point, and the coming days will be decisive.