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Bitcoin

Worldcoin price jumps 8% as human-only tickets spark WLD rally

By WebDeskMay 31, 20264 Mins Read
Worldcoin price jumps 8% as human-only tickets spark WLD rally
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Worldcoin rallied after World Network partnered with Thirty Seconds to Mars to offer human-only ticket access for selected concerts.

Summary

  • WLD climbed after World ID partnered with Thirty Seconds to Mars for human-only ticket access.
  • Price hit $0.3779 before cooling, leaving $0.30 to $0.32 as key support.
  • MACD remains bullish, but RSI shows the rally has slowed after the latest rejection.

Worldcoin moved higher after the Sam Altman-linked identity project gained attention for a new ticketing use case. The partnership allows verified World ID users to access special Thirty Seconds to Mars tickets.

The offer gives verified fans 2-for-1 ticket access, with one free extra ticket excluding VIP packages. It also gives users limited-edition merchandise vouchers for selected shows.

The campaign targets a common live-event problem: bots buying tickets before real fans can access them. World Network says World ID can prove that a user is human without giving ticket sellers a normal account-based identity check.

That real-world use case helped WLD stand out in a mixed altcoin market. The token rose strongly earlier in the session before cooling from its intraday high.

Worldcoin Price cools after strong intraday move

Worldcoin traded near $0.33 after earlier climbing as high as $0.38. The move followed a sharp daily rally, although the latest update showed the token had eased from its strongest level.

WLD’s 24-hour trading volume stood above $328 million, showing active market participation during the move. The token held a market cap of about $1.09 billion and ranked near the top 70 crypto assets by market value.

The price remains well below its all-time high of $11.74, reached in March 2024. It also remains down more than 70% over the past year, even after gaining more than 35% over the last 30 days.

That wider backdrop matters because the current move is still a recovery rally inside a larger downtrend. Buyers have returned in the short term, but WLD must hold key support to keep the rebound alive.

Indicators show buyers still have momentum

The latest chart shows WLD trying to hold above the $0.30 to $0.32 area after bouncing from the lower range. That zone now acts as the first support area for short-term traders.

Volume on the chart stood near 52.67 million WLD, showing that trading activity increased during the latest move. However, sellers stepped in after WLD approached the $0.40 to $0.45 zone.

That range now acts as near-term resistance. A stronger breakout would likely need WLD to reclaim $0.45 and then hold above $0.50.

The MACD remains bullish. The MACD line stands at 0.0174, above the signal line at 0.0121, while the histogram sits at 0.0052.

This shows that upside momentum remains active. However, the latest red candle shows that the rally has cooled after the recent surge.

Meanwhile, the RSI is at 57.06, close to its signal line at 57.17. That keeps WLD above the neutral 50 level, meaning buyers still have some control.

Worldcoin (WLD) price chart, source: crypto.news

However, the RSI has pulled back from its recent high near overbought levels. This shows that the rally has slowed after strong early buying.

The World ID ticketing deal gives WLD a fresh real-world story. It also raises familiar questions around biometric identity, data safety and user trust.

Some traders asked whether this could be proof that crypto identity matters as bots take up more internet activity. Others focused on what could happen if biometric data or identity systems face security issues.

As previously reported by crypto.news, Worldcoin has already seen sharp narrative-driven rallies this year, including moves tied to AI, identity tools and broader interest in proof-of-human technology. Earlier reports also showed that WLD has faced criticism over token design and privacy concerns.

For now, the technical setup remains simple. WLD needs to defend $0.30 to $0.32 to keep the recovery intact. A move back above $0.40 would bring $0.45 into focus, while a clean break above $0.50 would show stronger buyer control.

Credit: Source link

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Next Article XRP Ledger activity jumps 35% despite XRP price slump: Messari report

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