Worldcoin (WLD) price rises 9.5% amid lower token unlocks

Worldcoin (WLD) experienced a price surge of approximately 9.5% over a 24-hour period, reaching a session high of $0.5761. The rebound was supported by buyers defending a rising channel boundary near $0.50 and a reduction in daily token unlocks, which are 43% lower than in the first half of the year. Additionally, the token was recently listed on SwissBorg.

Despite the initial breakout, sellers pushed the price back below the 0.618 Fibonacci retracement level of $0.5593. While the token remains down 7.25% on the week, technical indicators show improved trends, including the 50-day EMA crossing above the 200-day EMA in early October.