Worldcoin pulls a 16% Lazarus, but futures sellers didn't get the memo 🫠

Worldcoin [WLD] climbed more than 16% over the past 24 hours to $0.587, lifting the token back toward a major resistance zone after weeks of persistent weakness. Spot trading volume reached $666.37 million, down 17.3% from the previous session, yet buyers retained control throughout the recovery and pushed WLD off its recent lows. The advance drew renewed attention to the token's broader market structure, which had remained under pressure for several months.

Derivatives data continued to show underlying caution beneath the rally. Futures Taker CVD remained seller-dominant, indicating that aggressive sell orders still outweighed market buy orders during the move higher. The divergence suggested that a portion of participants continued taking profits or opening fresh short positions into strength. Worldcoin, however, continued advancing even with futures sellers active, pointing to spot demand absorbing persistent selling pressure without allowing a significant retracement.

Price action improved after Worldcoin rebounded from the $0.2289 support zone and staged a recovery that reclaimed the $0.4438 level before pushing toward resistance at $0.6323. The Relative Strength Index climbed to 59.81 and moved above its signal average near 38.02, reflecting strengthening buying interest while leaving room for further upside. A weekly close above $0.6323 would put the $0.8450 resistance in focus, and a breakout there would open the path toward $1.00, a major historical supply zone on the weekly chart.

Spot flow data showed investors continued removing tokens from exchanges during the recovery, with the latest Netflow reading at approximately -$225,700, extending the broader trend of negative exchange flows consistent with accumulation. The modest outflow figure aligned with the improving price structure, and the absence of major exchange inflows reduced immediate sell-side concerns.