Worldcoin (WLD) price breaks through 2 dollars, Eightco's 250 million dollar treasury plan ignites market enthusiasm.

Driven by news of a $250 million treasury fund, Worldcoin's price recently surged past the $2 mark, sparking strong buying momentum across the market. Both volume and market interest have risen sharply, and the Token is at a critical turning point, with future trends depending on its ability to establish solid support at higher price levels.

Analysis of Upward Momentum and Technical Indicators

• Catalyst: According to relevant reports, the trigger for this round of increase is a company named Eightco Holdings announcing a $250 million targeted issuance plan, aiming to use Worldcoin (WLD) as its main corporate treasury reserve asset. This news has sparked strong optimism in the market.
• Technical Formation: Analysts point out that Worldcoin is continuously forming "higher lows" during its upward movement, indicating that buyers are not only chasing the rally but are also actively defending during price pullbacks. This ongoing support pattern is a solid foundation for a bullish trend.
• Psychological Barrier: The price broke through the psychological barrier of 2 dollars, attracting sellers to take profits, but buyers are still striving to push it higher. If it can decisively close above 2 dollars, the price is expected to unlock higher targets of 2.20 to 2.40 dollars; if it fails to hold, it may drop back to the support area of 1.80 dollars.
• Momentum Indicator: At the time of writing, the trading price of the token is approximately $2.13, with a daily increase of up to 36%. The daily chart shows that WLD has decisively broken through the upper Bollinger Band at $1.61, marking a strong expansion of volatility, which typically indicates that buyers are firmly in control of the trend. Additionally, the Chaikin Money Flow reading is +0.49, indicating a significant inflow of funds recently, further solidifying the bullish outlook.

Surge in Market Interest and Potential Risks

• Liquidity and Market Cap: As the price rises, the trading volume of Worldcoin has surged to over $4.03 billion, significantly increasing its liquidity. Its market cap has also risen to $3.6 billion, placing it among the top 50 digital assets by market cap, gaining higher market attention.
• Risk Consideration: Although the outlook is optimistic, technical traders are closely monitoring the range of $1.60 to $1.65, viewing it as the first significant support level. Staying above this level indicates that the overall upward trend remains intact; however, if it falls below, market sentiment may shift and trigger profit-taking towards $1.40.

Conclusion

The recent surge of Worldcoin is driven by significant fundamental news (i.e., a company adopting WLD as a primary corporate asset) and strong technical indicators. While this momentum reflects a notable increase in market confidence and liquidity, investors should remain cautious of profit-taking at key resistance levels and monitor whether it can establish a new solid support at higher levels to maintain a long-term upward trend.