Worldcoin surges 25% in anticipation of OpenAI developer conference By Investing.com
Worldcoin (WLD) has seen a significant 25% rise since October 18, 2023, echoing the 30% rise in and overall rise in the cryptocurrency market. The Relative Strength Index (RSI) and Awesome Oscillator (AO) indicators are currently favoring bullish trends, suggesting a positive outlook for the digital currency.
The upcoming AI Developer Conference hosted by OpenAI is expected to further strengthen this momentum. If the current trend continues, Worldcoin could reach the resistance levels at $1.948 and $2.049, an area of equal and high resistance identified on the WLD/USDT daily chart.
If Worldcoin breaks above the midline at $2.317, it could potentially climb another 20% to reach a supply zone of $2.189 to $2.430, indicating a continuation of the trend. This trajectory could set the stage for Worldcoin to target the psychological $2,600 level.
On the other hand, if the momentum does not hold, WLD could retract back to its 50-day exponential moving average (EMA) at $1.688, or move further down to its support floor at $1.661 or even the lowest of $1,450.
This rise in Worldcoin’s value reflects the performance of the broader crypto market, with Bitcoin leading the pack. The recent market rally suggests that the odds favor the bulls, with many digital assets seeing an increase in value and trading volumes.
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