1 week ago
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Key takeaways
- WLD is down by more than 3% in the last 24 hours and could dip lower in the near term.
- Derivatives metrics remain supportive, with WLD’s Open Interest rising steadily alongside a mildly growing number of long positions.
Worldcoin (WLD) has declined by more than 3% on Tuesday, trading below $0.50 while holding above a cluster of key Exponential Moving Averages (EMAs).
Strengthening derivatives activity and favorable technical indicators suggest the token may have room to extend its recent recovery in the near term.
Rising open interest signals growing market confidence
Data from CoinGlass shows that Worldcoin futures Open Interest (OI) has climbed to $406.86 million, up from $377.25 million recorded on Sunday.
The metric has been trending higher since mid-May, indicating fresh capital is flowing into the market.
An increase in OI is typically viewed as a sign of growing trader participation and can reinforce ongoing price trends...
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