Chart of the week: Worldcoin and Hyperliquid could extend price rally

Worldcoin and Hyperliquid rank among the top two cryptocurrencies by weekly gains. CoinGecko data shows that WLD and HYPE gained nearly 35% in the past week. The two tokens could extend their price rally next week. Worldcoin ( WLD ) has rallied for seven consecutive weeks, seen in the WLD/USDT weekly price chart. In the last 24 hours, WLD gained nearly 2% and nearly 35% in the last seven days. Worldcoin’s rally is likely driven by a series of announcements from the Sam Altman-led AI firm regarding the project’s expansion plans. Hyperliquid ( HYPE ) added 7% to its value on the day, up nearly 35% in the last seven days. The project’s recent gains are attributed to HYPE accumulation and demand from crypto elites like Arthur Hayes, former BitMEX CEO and co-founder of Maelstrom. Table of Contents Worldcoin and Hyperliquid price forecast WLD and HYPE on-chain analysis Derivatives traders bullish on HYPE rally, WLD hype fades Catalysts driving gains in WLD and HYPE Worldcoin and Hyperliquid price forecast Worldcoin posted seven consecutive weeks of gains, and the rally continued this week. WLD price could extend its rally according to technical indicators on the weekly timeframe. A 32% increase could push WLD to test psychologically important resistance at $2. RSI reads 51, crossing above the neutral level at 50 and MACD flashes consecutively green histogram bars, signaling a positive underlying momentum in WLD price trend. In the event of a flashcrash or market-wide correction, WLD could slip to support at $0.914. WLD/USDT weekly price chart | Source: Crypto.news The daily price chart supports a similar thesis with WLD targeting resistance at $1.641, the lower boundary of an FVG. This marks nearly 8% climb for WLD from the current price level of $1.538. The $0.835 support is key to WLD as the AI token continues its upward trend. RSI has crossed above 70, into the “overbought” zone and MACD signals positive underlying momentum in WLD price trend. WLD faces resistance at $2, marked as R2 on the WLD/USDT daily price chart. WLD/USDT daily price chart | Source: Crypto.news HYPE is 13% away from its closest resistance, at R1, marked by $40 on the daily timeframe. HYPE started its upward trend on April 7, 2025. The token could find support at $32 in the event of a correction. Momentum indicators on the daily timeframe support further gains in HYPE, RSI climbed towards 83 and is sloping upwards. MACD is flashing green histogram bars above the neutral line, signaling the underlying positive momentum in HYPE price trend. The 2024 peak of $42.252 is a key target for HYPE, it comes into play once the token flips resistance at $40 into support. HYPE/USDT daily price chart | Source: Crypto.news You might also like: Bitcoin and altcoins are going down – is this the end of the crypto bull run? WLD and HYPE on-chain analysis Worldcoin’s on-chain indicators support a bullish thesis for WLD in the coming weeks. Network realized profit and loss, a metric that identifies the net profit/loss of all tokens moved on a given day shows consistent loss realization from traders throughout the first part of 2025. NPL shows likely capitulation in WLD, typically followed by an increase in a token’s price. The whale transaction count in two segments, valued at $100,000 and $1 million and higher shows spikes this week. Large wallet investors moved their WLD tokens realizing gains on their holdings, in a relatively small volume compared to the count of traders taking losses in the past few weeks. This shows selling pressure on WLD is relatively low and there is scope for price gain next week. Worldcoin on-chain analysis | Source: Santiment Hyperliquid’s on-chain metrics show a spike in trade volume, weighted sentiment and social dominance alongside the rally. HYPE price rallied this week, driving up the share of HYPE’s mentions across social media platforms and weighted sentiment turned increasingly positive. While a spike is noted in social dominance and weighted sentiment, it remains relatively low when compared to the large positive spike observed in March 2025. This was followed by a correction in HYPE and the token started its upward trend in the second week of April 2025. Hyperliquid on-chain analysis | Source: Santiment You might also like: The dollar is no longer issued, it’s minted by the internet | Opinion Derivatives traders bullish on HYPE rally, WLD hype fades Derivatives data from Coinglass shows that long/short ratio exceeds 1 for HYPE. This implies traders are bullish on gain in HYPE price, and short positions dominate liquidations in the 24 hour timeframe. The total liquidations for the last 24 hours are $940,000, a majority of short positions paid for longs, according to Coinglass data. Hyperliquid derivatives data analysis | Source: Coinglass The futures open interest chart for HYPE shows that OI is at its highest level since December 2024. OI has climbed to $1.16 billion, during the ongoing price rally and this marks the total value of open derivatives contracts in HYPE. Hyperliquid futures open interest (USD) | Source: Coinglass Worldcoin derivatives data analysis shows nearly 50% increase in OI in the last 24 hours. Similar to HYPE, short liquidations exceed long and the total volume of liquidations stands above $7 million. The long/short ratio is under 1 and shows derivatives traders may not be as bullish on WLD price gain and sidelined buyers should exercise caution when opening a trade in the AI token. Worldcoin derivatives data analysis | Source: Coinglass Catalysts driving gains in WLD and HYPE For WLD, one of the largest catalysts is the announcement of Worldcoin’s expansion and the direct token sale to a16z and Bain Capital Crypto. News of a direct purchase of $135 million in WLD has fueled a bullish sentiment among traders. Through its official account, the Worldcoin team said that the investment was a direct purchase of non-discounted tokens, by two of the “earliest backers” of the project. The funding comes from two of World’s earliest backers and long-term holders — a16z and Bain Capital Crypto. This wasn’t a venture round. It was a direct purchase of non-discounted liquid tokens. The circulating supply of WLD has thus increased correspondingly.… — World (@worldcoin) May 21, 2025 Hyperliquid has made several announcements about bridges built to transfer tokens to the HYPE ecosystem, new listings and partnerships. However, a recent tweet from Maelstrom co-founder Arthur Hayes has supported the social media mentions of HYPE. Early on Friday, Messari Crypto reported that a Hyperliquid short-seller got liquidated for $23 million as the token posted nearly 90% gains. Hyperliquid short seller liquidated for $23M after HYPE soars to ATH pic.twitter.com/v3cdZu5DQL — Messari (@MessariCrypto) May 23, 2025 Tether and its partner Plasma Foundation power zero-fee stablecoin transfers and the initiative was extended to the Hyperliquid exchange, adding to the list of catalysts. The on-chain perpetual exchange’s new listings, partnerships and the arrival of zero-fee stablecoin transfers in its ecosystem are currently the largest catalysts driving gains in HYPE token. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Source: crypto.news