The WLD token, associated with Sam Altman, has experienced significant growth, becoming the top gainer with a current trading price of $1.53, marking a 25% increase in the last 24 hours. This surge in price is attributed to a $135 million investment in the project, showing strong institutional confidence in Worldcoin's future and rekindling retail interest.
Following the substantial capital injection on May 21st, led by a16z and Bain Capital Crypto, the price of WLD tokens soared to $1.64, the highest in three months. Although there has been a slight decline to $1.53 recently, the market sentiment remains bullish, as indicated by the positive readings on the token's Awesome Oscillator.
The continued rise in trading volume suggests that the increase in WLD's price is driven by genuine demand rather than speculation. The token's price rally is being supported by a solid uptrend, with trading volume exceeding $1 billion.
With the price surpassing the resistance level at $1.42 and forming a new support level, WLD could potentially reach $1.95 if demand remains strong. However, any increase in profit-taking may reverse this trend, leading to a retesting of the support level at $1.42 or a further decline to $1.18.