Sam Altman's conceptual Token WLD big pump 25%, two major indicators suggest the rise may continue | Worldcoin price prediction

In the past 24 hours, the price of Worldcoin (WLD) token related to Sam Altman has surged by 25%, making it one of the best-performing tokens of the day. Since September 5, the token has been on the rise, thanks to its recently launched Anonymous Multi-Party Computation (APMC) program. Currently, the WLD price has reached a two-month high of $1.26, and its rise is supported by strong market signals, indicating that the upward trend may continue.

Worldcoin rise momentum is strong

Participants in the WLD futures market show bullish sentiment, as evidenced by the rise in the long-short ratio of the Token. As of the time of writing, the indicator stands at 1.09.

The long-short ratio measures the number of traders holding long positions against the number of traders holding short positions. A reading above 1 indicates that more traders are betting on a price rise rather than a decline. Conversely, a reading below 1 suggests that most traders are preparing for a price drop. The rise in the WLD long-short ratio indicates an increase in optimism in the derivatives market and confirms that many traders expect the upward trend to continue.

In addition, on the daily chart, the WLD Smart Money Index (SMI), which tracks the participation of major institutions and influential investors, is also on the rise. As of the time of writing, the index has reached 0.605, a new high for the past 48 days. This indicates that capital from mature market participants is flowing into WLD, further strengthening the bullish outlook.

The SMI indicator tracks the capital controlled by institutional investors or experienced traders who have a deeper understanding of market trends and timing. This index tracks the behavior of these investors by analyzing intraday price movements. Specifically, it measures the selling situation in the early session (retail-dominated) versus the buying situation in the afternoon (where institutions are more active).

An SMI rise like this indicates that "smart money" is accumulating some asset. If this support continues, it may drive WLD to set new price highs in the short term.

Can the longer hold $1.14 and push towards $1.64?

Currently, the WLD price is significantly above the support level formed at $1.14. If demand rises and this support level is solidified, WLD could break through the resistance level of $1.34, paving the way for a rise towards $1.64.

On the other hand, if profit-taking begins to occur, WLD may lose some of its recent rise and attempt to break below the support level of $1.14. If successful, the price of WLD could plummet to $0.57.

Conclusion

The recent price surge of WLD is a result of both the project's own development and optimistic market sentiment. The introduction of Anonymous Positive Market Calculation (APMC) has brought a new narrative to Worldcoin, while key indicators such as the long/short ratio and smart money index provide strong technical support. This dual advantage of technical and fundamental factors has made WLD a focal point in the current market. However, as the article points out, there is still uncertainty in the market, and the support level at $1.14 will be key in determining its short-term trend. The upcoming developments will decide whether this rise is a sustainable breakthrough or just a temporary price fluctuation.