$WLD Analysis : Woldcoin approaches breakout level as whale inflows and liquidity peak this year.

Worldcoin (WLD) was trading around $0.49 as of Thursday, continuing its sideways consolidation within a descending wedge pattern formed earlier this month. While the price remains in a weak zone, on-chain data is showing noteworthy signals from institutional capital flows and large investor groups.

According to Lookonchain, a wallet allegedly linked to Multicoin Capital spent approximately 30 million USDC to purchase 60 million WLD tokens through OTC trading, at an average price of approximately $0.50. This move reflects clear interest from long-term investment funds and indicates strategic buying pressure emerging at low price levels.

Simultaneously, data from Santiment shows a sharp increase in on-chain trading volume for WLD, reaching $1.46 billion on Wednesday, the highest level since the beginning of the year and also a new peak since July 2024. The more active network activity indicates improving liquidity, laying the groundwork for a potential recovery.

From a supply distribution perspective, wallets holding between 1 and 100 million WLD have accumulated over 150 million tokens during the recent price correction. This suggests that whales are taking advantage of the discounted price to increase their positions.

Technically, if WLD breaks above the descending wedge pattern, the price could head towards the $0.56 region, and further towards the 50-day EMA around $0.63. Conversely, the $0.47 level remains a crucial support level in the short term.

WLD
WLDUSDT
0.5004
+2.98%