WLD and HYPE Lead Weekly Gains With 35% Surge
Worldcoin (WLD) and Hyperliquid (HYPE) topped this week’s crypto leaderboard with nearly 35% gains, according to CoinGecko data. The two tokens appear to be on track for further upside as technical indicators flash bullish and fresh on-chain metrics suggest strength.
Worldcoin has now logged seven straight green weekly candles, and Hyperliquid followed suit with a strong 7% intraday gain and 35% weekly surge. Enthusiasm for WLD has been fueled by new initiatives from Sam Altman‘s AI-backed project, while HYPE’s upward momentum is linked to increased whale activity and social buzz, including support from Arthur Hayes.
Technical Setup for Extended Rally
Worldcoin has posted consistent weekly gains, and the charts suggest a potential 32% breakout towards $2. Key indicators like RSI (51) and MACD’s rising green histogram bars suggest ongoing momentum. On the daily chart, WLD is targeting $1.641—about 8% above its current price of $1.538—while support lies at $0.835 in case of a market downturn.
For Hyperliquid, the $40 level is the next resistance to beat. The token could retreat to $32 if the uptrend falters, but technical indicators remain strong. RSI has climbed to 83, and MACD shows bullish confirmation. If $40 flips into support, HYPE may test its 2024 peak at $42.252.
On-Chain Activity Confirms Accumulation
Worldcoin’s on-chain signals show heavy loss realization earlier in the year, indicating capitulation. Now, increased whale transactions suggest large holders are accumulating. Despite a small wave of selling, most traders are holding through recent dips, keeping sell pressure low.
Hyperliquid has seen an uptick in trading volume, positive sentiment, and social media dominance. Though not as high as the March spike, these metrics indicate sustained interest and user growth.
Derivatives Data Shows Divergence in Sentiment
HYPE’s long/short ratio above 1 suggests bullish bias among futures traders. Over $940K in short positions were liquidated, and open interest (OI) surged to $1.16 billion—its highest since December 2024.
For Worldcoin, futures OI has jumped 50% in the past day, and short liquidations outpaced long. However, the long/short ratio below 1 hints at more caution in the derivatives market for WLD.
Key Catalysts Powering the Rally
WLD’s recent gains follow the announcement of a $135M token purchase by a16z and Bain Capital Crypto, reaffirming investor confidence. The deal involved non-discounted tokens, indicating full-price institutional commitment.
Meanwhile, HYPE continues to benefit from new token bridge integrations, listings, and a viral $23M liquidation of a short position—plus zero-fee stablecoin transfers enabled by Tether and the Plasma Foundation.
