Worldcoin Price Surges to $2, Yet 71% of Holders Still Face Losses

The price of Worldcoin (WLD) has been climbing steadily, recently hitting the $2 mark. However, many holders are still seeing losses.

In the last week, WLD's price increased by 8.12%. Despite this growth, about 71% of its holders are still in the red. This means most investors bought their tokens at higher prices before this recent surge.

To get a clearer picture, we can look at the Historical Break Even Price chart. This chart shows the price points where most holders purchased their tokens. Right now, only 23% of holders are in profit, while around 6% are breaking even. The majority are still underwater.

This situation suggests that those currently facing losses might hesitate to sell their tokens. They could be hoping for even higher prices.

If this mindset continues, the chances of a big sell-off in the coming days decrease. Less selling pressure could create a more favorable environment for WLD. When fewer people sell and demand stays steady or rises, the price can go up.

WLD's social media buzz is also on the rise. The 7-day Moving Average Social Dominance is now at 0.30%, a significant jump from 0.021% on October 3. This metric measures how much attention WLD gets compared to other assets over a week.

Historically, when WLD's social dominance rises, its price often follows suit. Recently, a major funding announcement for OpenAI stirred interest in the AI sector. Since Sam Altman, co-founder of OpenAI, is involved with both projects, WLD has enjoyed increased visibility.

If WLD keeps grabbing public interest and its social dominance continues to grow, this could act as a catalyst for further price increases.

A strong presence in social discussions usually leads to more trading activity. With momentum building, WLD might be well-positioned to maintain its upward trend.

Looking at the technical side, WLD’s EMA (Exponential Moving Average) lines are looking bullish. All short-term EMAs are above the long-term ones. On October 6, these lines formed a golden cross, a sign that suggests a strong upward trend might be coming.

EMA lines help traders see trends more clearly by smoothing out price data. The widening gap between short-term and long-term EMA lines indicates that the current uptrend could strengthen.

If this upward movement continues, WLD could test the $2.18 resistance level next. If it breaks through that, it might climb as high as $2.47, which would be its highest price since July 2024. That’s a potential 23.5% increase from current levels.

However, if the trend reverses, WLD has support levels at $1.59, $1.51, and $1.38. This means a price drop of up to 31% could happen.