Worldcoin (WLD) surged 10.4% in the past 24 hours, climbing from a local low of $0.226 on May 17 to $0.281. This marks a 23.95% increase over five days. Despite prevailing bearish sentiment, the Open Interest rose 15.4%, indicating a potential short squeeze as $571,000 in short positions were liquidated on May 21. The recent price movement has caught many traders off guard, as the funding rate shifted to positive territory. However, resistance levels at $0.291 and $0.308 may challenge further bullish advances. Traders are advised to remain cautious, as the overall trend since October 2025 remains bearish, with the On-Balance Volume (OBV) indicating seller dominance.