Worldcoin Sees Significant Surge

Worldcoin climbed nearly 50% in the past day to trade at $1.91 on Sept. 9, breaking above key resistance as trading activity exploded. This substantial increase is part of a larger trend, with Worldcoin gaining 118% over the past week and 75% in the last 30 days.

Trading Activity Explodes

The seven-day range for Worldcoin has been between $0.85 and $1.84. Buyers pushed the price above the $1.80 resistance level, putting $2.00 in play for the first time since July. This break in resistance is a significant event, driven by a surge in trading volume and derivatives activity.

Volume and Derivatives Surge

Trading volume spiked to $3.77 billion in the last 24 hours, a 307% increase. Derivatives activity also surged, with futures volume up 317% to $10.96 billion and open interest climbing 54% to $934 million, per Coinglass data. This increase in volume and derivatives activity indicates a high level of interest in Worldcoin, potentially driven by recent announcements.

Rising Open Interest and Volatility

Rising open interest alongside higher volume suggests aggressive new positioning from leveraged traders, often increasing short-term volatility. This volatility can lead to significant price swings, making Worldcoin a high-risk, high-reward investment in the short term.

WLD Treasury Plan Sparks Rally

On Sept. 8, Eightco Holdings (NASDAQ: OCTO) announced a treasury strategy to hold Worldcoin as its primary reserve asset. The plan includes a $250 million private placement and a $20 million investment from BitMine Immersion Technologies, which is purchasing 13.6 million shares. This announcement has added to the bullish sentiment surrounding Worldcoin.

Strengthening Investor Confidence

The board now includes Wall Street analyst Dan Ives as chairman, with Fundstrat’s Tom Lee also involved, lending further weight to the initiative. Eightco expects to complete the placement by Sept. 11, pending Nasdaq approval, and will rebrand under the ticker ORBS. This, along with Worldcoin’s $135 million raise from a16z and Bain Capital Crypto in May, rapid global expansion to 40+ countries, and the extension of early token lock-ups from three to five years, has strengthened investor confidence while reducing near-term sell pressure.

Technical Analysis

Worldcoin’s breakout has pushed it into technically overbought territory. Stretched momentum is evident in the relative strength index, which is currently at 84, well above the 70 threshold. Bollinger Bands show the price riding the upper band, which confirms significant upward pressure but also raises the probability of a pullback.

Bullish Indicators

Momentum and MACD indicators remain bullish, supported by strong buy signals across all major moving averages, from the 10-day EMA ($1.21) through the 200-day SMA ($0.99). The commodity channel index at 440 and the Williams %R at -4 both highlight extreme overbought conditions, suggesting a potential correction.

Future Outlook

In a bullish scenario, sustained momentum above $1.90 could drive WLD to test $2.20–$2.30 in the near term if buyers continue to dominate. A corrective pullback toward $1.50–$1.60 is likely if profit-taking rises, especially with rising derivatives positioning. As the market continues to evolve, updates on Worldcoin and other cryptocurrencies can be found on bitpulse.