Worldcoin ripped 14% to $0.558 today and this has all the fingerprints of a short squeeze, not a fresh trend.
The tell: $420,000 in forced short liquidations cleared in a single hour, per TokenPost, with zero long liquidations in that window. Sellers had to buy back and that mechanical bid lit the tape. The setup helped too. WLD flushed to $0.46 late on Oct 8, then climbed back through $0.48, $0.51, $0.53. Now it is about 22% off the low but still below the early-October $0.60 top.
The real test sits just above. CoinGlass shows leveraged shorts clustered at $0.58 to $0.60, with daily Bollinger upper resistance at $0.61. Clearing that pocket takes actual demand. Failing there means this was just shorts covering, and the floor reverts to $0.50.
My read: the squeeze is real, but it only becomes a trend above $0.61. $WLD
The tell: $420,000 in forced short liquidations cleared in a single hour, per TokenPost, with zero long liquidations in that window. Sellers had to buy back and that mechanical bid lit the tape. The setup helped too. WLD flushed to $0.46 late on Oct 8, then climbed back through $0.48, $0.51, $0.53. Now it is about 22% off the low but still below the early-October $0.60 top.
The real test sits just above. CoinGlass shows leveraged shorts clustered at $0.58 to $0.60, with daily Bollinger upper resistance at $0.61. Clearing that pocket takes actual demand. Failing there means this was just shorts covering, and the floor reverts to $0.50.
My read: the squeeze is real, but it only becomes a trend above $0.61. $WLD