Top Weekly Performers Eye New Highs
Worldcoin (WLD) and Hyperliquid (HYPE) led all cryptocurrencies in gains this week, each rising by nearly 35%, as tracked by CoinGecko. The continued rise in momentum, especially with WLD marking its seventh straight week of gains, suggests these tokens may not be done running yet.
WLD’s rally is backed by announcements from Sam Altman’s AI firm, while HYPE has gained significant attention due to accumulation by notable investors like Arthur Hayes. Both projects show strong fundamentals, growing user bases, and rising technical momentum.
What the Charts Say: WLD and HYPE Still Have Room to Run
Worldcoin’s weekly chart shows strength, with a potential climb of 32% ahead to the psychological $2 resistance. RSI currently reads 51 and rising, while MACD remains bullish. On the daily timeframe, WLD targets $1.641 as short-term resistance, with solid support seen at $0.835.
Hyperliquid faces immediate resistance at $40 but could revisit its 2024 top at $42.252. RSI has reached 83, and MACD is showing strong upward momentum. If support at $32 holds, the next leg could push HYPE well past current levels.
On-Chain Metrics Paint a Bullish Picture
On-chain data supports a bullish outlook. For WLD, realized loss data from earlier this year implies a shakeout phase may be over. Recent spikes in whale transactions show accumulation, not distribution, with minimal profit-taking so far.
HYPE’s network activity and sentiment metrics have increased alongside price. Social mentions and trader sentiment have turned positive, although they still trail the euphoric levels seen in March, suggesting further room for upside before overextension.
Derivatives Traders Show Strong Conviction in HYPE
Coinglass derivatives data reveals bullish leverage in HYPE futures markets. The long/short ratio exceeds 1, with $940K in liquidations mostly from short sellers. Open interest has risen sharply to $1.16B—indicating heavy positioning ahead of a possible breakout.
WLD’s open interest rose 50% in the last day, though the long/short ratio under 1 shows traders are more cautious. The $7M in total liquidations shows rising volatility.
Institutional Endorsements & Protocol Developments Driving Momentum
WLD surged after a major funding announcement. a16z and Bain Capital Crypto bought $135M worth of non-discounted tokens, confirming long-term institutional support.
HYPE continues to release new features and integrations, including token bridges and partnerships. The recent $23M short liquidation event and the introduction of zero-fee stablecoin transfers with Tether and Plasma Foundation have amplified investor excitement.
