Worldcoin price rose over 50% in the past 24 hours, reaching around $1.91. The surge was driven by announcements of new trading pairs on Upbit and a $250 million treasury by Eightco.
Impact of Listing Announcement on Worldcoin Price
The announcement of Worldcoin listing on Upbit played a significant role in the sudden price surge. Listings on major exchanges make it easier for traders to access the token, often resulting in increased buyer activity and trading volume. Additionally, Eightco's plan to allocate $250 million for a Worldcoin treasury added credibility to the asset.
Indicators Show High Demand but Overheating
The Money Flow Index (MFI) reached 93.3, indicating that Worldcoin was heavily overbought. Indicators such as Chaikin Money Flow (CMF) at 0.43 and On-Balance Volume (OBV) above $1.18 billion confirm rising demand, while the high MFI may signal the potential for short-term correction.
Key Levels for Worldcoin Price
Worldcoin price had already broken the resistance level of $2.03. The next targets are $2.46 and $3.10. Holding above supports at $1.52 and $1.137 would maintain the bullish outlook, while a drop below these levels could signal weakness and lead to further decline.
Thus, Worldcoin price demonstrated how quickly listing news and institutional support can alter market dynamics. While overheating in the indicators may suggest a possible correction, ongoing buyer support may help sustain further growth.
