Worldcoin (WLD) is making big moves today, with its price up 14% over the last 24 hours. The token’s trading has picked up significantly too – volume is up 84%. At the time of writing, WLD sits at $2.15. Several things seem to be driving the price higher, from new tech updates to major announcements from the team.
A major catalyst driving WLD’s price is that former U.S. President Donald Trump made a $500 billion investment in artificial intelligence (AI). The announcement detailed partnerships with OpenAI, Oracle, and SoftBank. OpenAI’s involvement with Worldcoin (WLD) adds further relevance to this development. WLD as part of OpenAI’s ecosystem has fueled bullish sentiment among traders, who view this as a potential long-term growth opportunity.
Furthermore, prominent analyst World Of Charts highlighted WLD’s price potential on X, adding to the market excitement. He suggested that WLD is consolidating within a falling wedge pattern and has the potential to break out toward $3, further boosting optimism around the token.
What you'll learn 👉
Worldcoin Technical Analysis Points to a Bullish Breakout
The chart analysis reveals that WLD is trading within a falling wedge pattern, a common bullish indicator. The price of WLD has been moving between two downward trendlines that meet at a point. The bottom line has kept the price from falling further, and the top line has prevented it from rising higher.
Recent price movements show WLD rebounding from the support zone, indicating increasing buying pressure. The tweet by “World Of Charts” aligns with this observation, predicting a possible breakout above the wedge’s resistance line. If confirmed, this breakout could push WLD toward the $3 mark, a target consistent with historical resistance levels.
Increased Trading Activity Amplifies WLD Momentum
The surge in WLD’s trading volume underscores the heightened interest in the token. Traders are positioning themselves ahead of the anticipated breakout and potential gains linked to the AI investment announcement. This rise in trading activity has strengthened upward momentum, with WLD emerging as one of the most actively traded cryptocurrencies today.
Market participants continue to monitor WLD’s price closely, as both technical indicators and external developments suggest further upside potential. However, traders should be careful since the price can still make big moves in either direction.
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