Well, well, well, look who’s making all the noise today – Worldcoin (WLD) is up 25% in the last 24 hours. I guess Sam Altman isn’t just about OpenAI, huh? 🙄
Since September 5, WLD’s been climbing like it’s trying to win the crypto Olympics. Why? Oh, just the tiny detail of launching its shiny new anonymized multi-party computation (APMC) initiative. Fancy, right? The token is now riding high at $1.26, its highest in two months. And let’s be honest, it’s looking like the rally might just keep rolling.
Worldcoin’s Rally: Is It the Real Deal?
Hold on to your hats, because futures market participants are feeling pretty bullish about this one. The long/short ratio has been spiking faster than a caffeinated squirrel on a sugar rush. At the time of writing, it’s sitting at 1.09. That means more traders are betting WLD will keep going up rather than crashing down. Surprising? Maybe. Exciting? Definitely. 🙃
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Now, this long/short ratio is the perfect gauge of trader sentiment. If it’s above 1, that’s a “bet on price going up” kind of day. Below 1? Well, that’s the market throwing a temper tantrum, expecting prices to drop. And right now, WLD’s ratio is looking like it’s all in on the bull train 🚂.
And wait for it… on the daily chart, WLD’s Smart Money Index (SMI), tracking those oh-so-savvy institutional investors, is ALSO rising. It’s at a 48-day high of 0.605. So, yeah, smart money is clearly feeling pretty confident, which might mean big things for WLD’s future. Keep your eyes on this one. 👀
The SMI measures how the big dogs (the institutional investors) are behaving, tracking when they buy in the afternoon after retail traders have spent the morning messing around. A rising SMI means these serious players are starting to take positions in WLD, and let me tell you-if this trend keeps up, WLD’s price could be breaking records soon. 📈
So, Can Bulls Hold the $1.14 Floor and Rocket Toward $1.64?
Right now, WLD is comfortably sitting above the $1.14 support level. If demand keeps up, this floor could get even stronger, and that means the $1.34 barrier will be toast. That opens the door to a potential rally all the way to $1.64. Don’t let your FOMO get you too excited, though. 🚀
On the flip side, if people start taking profits like they’re grabbing the last slice of pizza at a party, WLD could fall back to $1.14 and test that support again. If it breaks, well, it’s time to pack it up because we might be heading toward $0.57. Yikes. 😬
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2025-09-08 10:47