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Worldcoin surges 16% after institutional buy and token emission cut boost optimism

Technical Signals
03 Jul 2026
Crypto news
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Bullish
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Worldcoin (WLD) broke out of a short-term bearish channel, rising over 16% from its July 2 low after Nasdaq-listed Eightco Holdings revealed a large treasury holding of 283.45 million WLD tokens. This institutional accumulation, combined with a planned 43% reduction in daily token unlocks set for July 24, has strengthened bullish sentiment despite ongoing regulatory concerns. Technical indicators show momentum gaining with key resistance levels at $0.445 and $0.47 ahead. However, Worldcoin still faces challenges including regulatory risks and the need to sustain gains above major moving averages to confirm a trend reversal.

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