Worldcoin (WLD) Price Pumps 14% as Former US President Donald Trump Makes $500B AI Investment

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%.

Worldcoin (WLD) is surging today, with its price up 14% and trading volume exploding by 84%. At the time of writing, WLD is priced at $2.15. Several factors seem to be contributing to the token’s impressive price surge, including new tech updates and major announcements from the team.

One key catalyst driving WLD’s price surge is a recent $500 billion investment in artificial intelligence (AI) by former U.S. President Donald Trump. The announcement highlighted partnerships with OpenAI, Oracle, and SoftBank. Notably, OpenAI's involvement with Worldcoin (WLD) adds further significance to this development.

As part of OpenAI's ecosystem, WLD has attracted bullish attention among traders, who are viewing this as a potential long-term growth opportunity. Moreover, prominent analyst World Of Charts highlighted WLD's price potential on X, adding to the market excitement.

According to the analysis, WLD is consolidating within a falling wedge pattern and could break out toward the $3 mark. This technical observation further fueled optimism around the token.

Worldcoin Technical Analysis Points to a Bullish Breakout

A closer look at the chart reveals that WLD is indeed trading within a falling wedge pattern, a common bullish technical formation. The price of WLD has been moving between two downward trendlines that converge at a point. The bottom line has prevented the price from falling further, while the top line has hindered 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. As the token's price surged following the AI investment announcement, traders are positioning themselves ahead of the anticipated breakout and potential gains. This rise in trading activity has strengthened the upward momentum, with WLD emerging as one of the most actively traded cryptocurrencies today.

As both technical indicators and external developments suggest further upside potential, market participants continue to keep a close eye on WLD's price. However, traders should be careful as the price can still make big moves in either direction.

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