Worldcoin price breaks key resistance but RSI shows caution

Worldcoin climbed nearly 50% in the past day to trade at $1.91 on Sept. 9, breaking above key resistance as trading activity exploded.

Worldcoin (WLD) has gained 118% over the past week and 75% in the last 30 days, with a seven-day range between $0.85 and $1.84. Buyers pushed the price above the $1.80 resistance level, putting $2.00 in play for the first time since July.

Trading volume spiked to $3.77 billion in the last 24 hours, a 307% increase. Derivatives activity also surged, with futures volume up 317% to $10.96 billion and open interest climbing 54% to $934 million, per Coinglass data.

Rising open interest alongside higher volume suggests aggressive new positioning from leveraged traders, often increasing short-term volatility.

WLD treasury plan sparks rally

On Sept. 8, Eightco Holdings (NASDAQ: OCTO) announced a treasury strategy to hold Worldcoin as its primary reserve asset. The plan includes a $250 million private placement and a $20 million investment from BitMine Immersion Technologies, which is purchasing 13.6 million shares.

The board now includes Wall Street analyst Dan Ives as chairman, with Fundstrat’s Tom Lee also involved, lending further weight to the initiative. Eightco expects to complete the placement by Sept. 11, pending Nasdaq approval, and will rebrand under the ticker ORBS.

This announcement adds to a string of bullish catalysts, including Worldcoin’s $135 million raise from a16z and Bain Capital Crypto in May, rapid global expansion to 40+ countries, and the extension of early token lock-ups from three to five years.

Together, these moves have strengthened investor confidence while reducing near-term sell pressure.

Worldcoin price technical analysis

Worldcoin’s breakout has pushed it into technically overbought territory. Stretched momentum is evident in the relative strength index, which is currently at 84, well above the 70 threshold. Bollinger Bands show the price riding the upper band, which confirms significant upward pressure but also raises the probability of a pullback.

Momentum and MACD indicators remain bullish, supported by strong buy signals across all major moving averages, from the 10-day EMA ($1.21) through the 200-day SMA ($0.99). The commodity channel index at 440 and the Williams %R at -4 both highlight extreme overbought conditions.

In a bullish scenario, sustained momentum above $1.90 could drive WLD to test $2.20–$2.30 in the near term if buyers continue to dominate. A corrective pullback toward $1.50–$1.60 is likely if profit-taking rises, especially with rising derivatives positioning.