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.

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

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.

In the event of a flashcrash or market-wide correction, WLD could slip to support at $0.914.

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.

WLD and HYPE on-chain analysis

Worldcoin’s on-chain indicators support a bullish thesis for WLD in the coming weeks.

Hyperliquid’s on-chain metrics show a spike in trade volume, weighted sentiment and social dominance alongside the rally.

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.

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.

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.

Hyperliquid has made several announcements about bridges built to transfer tokens to the HYPE ecosystem, new listings and partnerships.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.