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- Worldcoin (WLD) could see a 45% price surge ahead of OpenAI’s upcoming live stream.
- WLD needs to break past the $6.70 resistance to target a potential high of $8.55.
Following recent developments reported by CNF, Worldcoin (WLD) is poised for a significant increase, potentially surging by 45% before an anticipated OpenAI live stream event. Currently priced at $5.62 after a substantial 70% drop, the cryptocurrency shows signs of resilience. Notably, WLD has established a double bottom pattern at the $4.22 support level, suggesting a possible market turnaround.
Market Indicators and Investment Implications
As highlighted in a recent CNF YouTube video, for WLD to enter a bullish phase, it must first overcome the $6.70 resistance level. Achieving this could set the stage for reaching a higher target of $8.55. Market indicators such as the Relative Strength Index (RSI) and the Awesome Oscillator indicate that a rebound is within reach.
However, should the OpenAI event fail to excite investors, WLD might risk a decline to the lower support level of $2.71, thereby challenging the bullish forecast.
Could a 45% Rally Occur Before OpenAI’s Live Stream?
Analysis of the RSI and Awesome Oscillator suggests that surpassing the current price of $5.62 could catapult WLD to a significant resistance hurdle at $8.55, equating to a 45% increase. Conversely, a lackluster response to the OpenAI announcement could diminish buying pressure, possibly driving the price down. A daily candlestick close below $4.22 would negate the bullish scenario, potentially triggering a 35% drop to revisit the $2.71 support zone.
In conclusion, Worldcoin’s current market position, combined with strategic investor reactions to OpenAI’s forthcoming event, will crucially dictate the cryptocurrency’s short-term price movements. Currently, according to the latest data from Coin Market Cap, WLD’s price has recently decreased to $5.79, marking a 2.22% decline over the past day, yet it has registered an 8.74% decreased over the past week.