Worldcoin (WLD), the crypto project being developed by OpenAI, has jumped over 20% in the last 24 hours, breaking past the $2 mark as bullish momentum intensifies.
Worldcoin (WLD), a crypto project being developed by OpenAI, has surged over 20% in the last 24 hours, breaking past the $2 mark as bullish momentum intensifies. Buyers are now eyeing a push toward a long-term target of $5, fueled by recent developments tied to the United States’ artificial intelligence (AI) drive.
The surge comes after President Donald Trump announced a new AI development initiative, called Stargate, which promises billions in private investment. Trump announced the plans for the program on January 21, highlighting its potential to create over 100,000 jobs. Key backers include OpenAI, Oracle, and Softbank, positioning Stargate as a bridge between AI and blockchain innovations.
The announcement has boosted interest in blockchain projects like Worldcoin. According to analysts, the collaboration between AI-focused firms and blockchain technologies may have influenced WLD’s recent price action. Investors appear to be viewing Stargate as a potential catalyst for projects at the intersection of these sectors.
After surging over 20% in 24 hours, Worldcoin (WLD) is now trading at $2.22, still down 81.39% from its all-time high of $11.82, data from CoinMarketCap shows. Market analysts have turned bullish on WLD. At the time of writing, the token trades at $2.22, still 81.39% below its all-time high of $11.82, according to CoinMarketCap. Analysts highlight $3 as the next major resistance, with $5 as a longer-term target. Key support stands at $2, with $1.80 as a critical fallback zone.
A technical analysis chart for WLD on a 1-hour timeframe, provided by TradingView, shows that the Relative Strength Index (RSI) for WLD reads a value of 49.92. This indicates that the bears and the bulls are involved in a tug-of-war for dominance.
The gradient of the line suggests some back-and-forth movement above $2. On the other hand, the MACD indicator shows a bullish divergence with the MACD line (blue) traversing above the signal line (red). However, both the lines are very close so a reversal could surprise investors at any time.
The accumulation trend for WLD experienced a slowdown earlier this year but has recently gained traction, as shown in TradingView data. A steep gradient in the accumulation line signals increased investor appetite for WLD exposure, underscoring growing optimism in the token’s potential.
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