Worldcoin (WLD) has recently experienced a significant price rally, marking a 16% jump as the number of its active addresses surpassed the 1 million threshold. This milestone has ignited investor interest and raised speculation about whether the token is gearing up for a breakout toward the $1.20 resistance level.
After maintaining crucial support at $0.68, WLD surged to a high of $0.87 before slightly retreating to around $0.82. The rally coincided with a sharp 136% surge in trading volume, which soared to $338 million, signaling renewed investor activity and robust capital inflow.
One of the key drivers behind this bullish momentum is the explosive growth in on-chain engagement. Data indicates that active addresses have climbed by 170% over the past year, with the network adding over 500,000 users between May and November alone. Daily Active Users (DAU) have also remained consistently strong, hovering in the 60,000–90,000 range. At the time of reporting, DAU stood at 64,000 — a 44.1% increase over the past three months.
A simultaneous rise in both active addresses and daily users is often interpreted as a bullish indicator, representing increased adoption and real user engagement. This pattern tends to support upward price movements, especially when reinforced by market enthusiasm across both spot and derivatives markets.
On the spot trading front, Worldcoin has seen notable accumulation. As soon as the network achieved the 1 million user mark, investors started buying aggressively. This is reflected in the negative netflow, which dropped to -$2.18 million from a previous positive $6 million. Negative netflow typically indicates increased outflows from exchanges, suggesting that traders are moving their holdings into private wallets for long-term holding — a bullish signal.
Institutional and whale interest has also intensified in the derivatives market. Data from CryptoQuant revealed that large-volume orders have been consistent over the past week, confirming whale participation. This trend is further supported by activity on Hyperliquid’s perpetual futures market, where buy contracts have outpaced sell contracts. In just the last 24 hours, WLD saw 7.77 million in buy contracts compared to 6.4 million in sell orders, showing a bullish tilt among leveraged traders.
The Sequential Pattern Strength indicator has also turned positive, rising to 2.3, indicating a shift in market sentiment and stronger buying pressure. This technical setup implies that WLD may be poised for further gains, potentially testing the psychological $1 mark and targeting the $1.20 resistance zone if momentum continues.
Still, the path forward depends heavily on sustained demand and continued user growth. Should either falter, WLD could retrace back to its established support level around $0.68.
Beyond the price action, Worldcoin’s broader ecosystem is evolving. The project, which aims to establish a decentralized identity and financial infrastructure globally, has been expanding its user verification services and increasing its presence in emerging markets. This growth in real-world utility may help support long-term token adoption and price stability.
Moreover, the token’s fundamentals are improving. With active development and integration into more decentralized applications and platforms, WLD is positioning itself as more than just a speculative asset. The expansion of its biometric verification system, known as World ID, is central to its mission of creating inclusive digital identities, and its adoption is growing steadily.
Whale behavior remains a critical factor to monitor. Their sustained interest in both spot and futures markets suggests confidence in the project’s medium-term trajectory. However, sudden shifts in whale sentiment could introduce volatility. Market participants should keep a close eye on order book data and large transaction volumes for early signals of trend reversals.
Additionally, global macroeconomic conditions and regulatory developments around digital identity projects could influence Worldcoin’s future. As governments and institutions increasingly explore digital ID solutions, Worldcoin’s relevance may increase — or face resistance, depending on privacy and data protection concerns.
In summary, Worldcoin’s recent rally is underpinned by genuine user growth, heightened on-chain activity, and strong institutional interest. These factors collectively suggest a bullish setup capable of pushing WLD above the $1 threshold and possibly toward $1.20. However, the sustainability of this trend hinges on continued demand and broader market conditions. Investors should remain alert to both technical and fundamental developments as the token attempts to solidify its breakout.