Here is Why Worldcoin and Hyperliquid are up Today?
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Worldcoin is the top gainer in the last 24 hours. It opened Thursday at $1.19 and surged, breaking its three-month high at $1.45.
The altcoin continued upward, breaking the $1.60 resistance and peaking at $1.64. A closer look at the candle representing the current day shows this is the largest uptick in almost two quarters, as the token is up by over 27% despite slight declines.
Worldcoin’s latest increase is surprising as it caught many traders unaware. It is worth noting that it had a notable increase during the previous intraday session, surging from $1.11 to $1.28. Although it retraced, it registered gains exceeding 7%.
Why is Worldcoin Up?
The project saw fresh investment that thrilled users and traders. It recently raised $135 million in a private token sale to lead venture firms Andreessen Horowitz (a16z) and Bain Capital Crypto. Worldcoin’s CEO claimed they will use the fund to foster infrastructure and user growth.
Investors viewed the move as opening the cryptocurrency to a broader audience and increasing its usage. They are buying into what they presume will be a massive rally in the coming days.
Several traders have since taken to X to express their happiness over the milestone in price and the CEO’s latest move. They praise Sam Altman for being a visionary and steering the project in the right direction. Others stated that the cryptocurrency is gearing up for global dominance as users in Asia grow.
Nonetheless, there are predictions as to the next price action. Jonathan Carter said that WLD is approaching the upper resistance of an ascending triangle pattern and is due for a breakout. He added that the asset may hit $2.50 or $3.18.
However, indicators like the relative strength index and Bollinger bands are blaring warnings. The RSI is above 70, indicating that the token is overbought and due for corrections. The cryptocurrency broke out of the BB a few hours ago. Worldcoin risks a slip to $1.30.
Hyperliquid is seeing its fair share of bullish actions. It follows the highlighted asset and is one of the top gainers.
Hyperliquid Receive Boosts
HYPE opened Thursday at $28.3 and surged above its five-month high at $28.6. The asset continued upwards, registering its highest value in 2025. It broke above the $34 resistance, peaking at $34.1.
The latest increases sparked massive reactions across social media platforms. Its proponents used the opportunity to advertise its utility and asserted that users and seeing how reliable the ecosystem is, hence the massive surge.
Nonetheless, a source claimed that Arthur Hayes expressed his confidence in the asset’s long-term prospects. He stated that the cryptocurrency may hit $100 soon. The declaration sparked significant FOMO from investors who want to get in on the gains before it reaches the speculated level.
However, indicators like the relative strength index and Bollinger bands are blaring warnings. The RSI is above 70, trending at 79 at the time of writing. The metric’s reading shows HYPE is seeing peak buying pressure and is due for corrections. The cryptocurrency broke out of the BB a few hours ago. This traditionally means a trend reversal is at hand.
Both metrics suggest that the cryptocurrency may slip lower, hitting $28.
The post Here is Why Worldcoin and Hyperliquid are up Today? appeared first on Cointab.
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