Is Worldcoin (WLD) Still a Smart Buy After Its 200% Price Spike?

Image Credit: New Trader U Feb 21, 2024 By: Bhumi Shrivastava

Worldcoin Surge

[{"selector":"#anim-0ca0e764-671c-403c-8e93-c4b740fd6404","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-311f02d5-1615-4320-9766-0fa93b7e077d","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6ac6265-b1e9-48f3-9f01-ecde50b918ee","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Worldcoin's recent price spike is fueled by anticipation around Nvidia's earnings report, given the company's strong performance in the AI sector. Image Credit: ZyCrypto

Nvidia's Influence

[{"selector":"#anim-301910de-f785-44ef-b6c8-ad5021f5f9be","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b4145db0-0018-45bf-afb9-e47a4053c638","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2e773421-7b56-4499-b7ee-ce8a14fa5a77","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Nvidia's remarkable growth, driven by the AI boom, has positively influenced investor sentiment towards AI-related cr yptocurrencies like Worldcoin. Image Credit: CryptoPotato

Altman's Investment

[{"selector":"#anim-3926363a-fd94-4780-b8f2-61e23a6d354b","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-953876fa-0cd4-4499-a5c8-119dfef5f2de","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f00f01b0-3be1-4635-8fbb-ca4fbd580644","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Worldcoin gained stability and momentum after CEO Sam Altman announced a $50 million funding round, showcasing the pro ject's growth ambitions. Image Credit: The Australian Jwaish News

Regulatory Challenges

[{"selector":"#anim-e191b1ce-cb4c-4537-926a-cd4df1762ad3","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6d344bf7-6eaa-4069-b38c-664a3871a289","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cef5b2f4-f6c3-488f-bc77-438e8e84caf0","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Despite regulatory challenges, Worldcoin's ambitious goals and support from notable investors like Blockchain Capital an d a16z Crypto have bolstered its market position. Image Credit: Seygen

Overbought Signals

[{"selector":"#anim-ade5164c-28e2-4e6e-bc4b-320cac14df76","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d5fc7c09-e520-4072-8e05-16331fa78b94","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-75ef21b0-a606-41fb-8cce-0dc56ce17314","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Worldcoin's daily RSI above 70 suggests it may be overbought, signaling a potential future price correction. Image Credit: Medium

Fibonacci Resistance

[{"selector":"#anim-5e4f66aa-954d-414b-8ec5-dc961b3d0fab","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cd22eace-8f90-4659-8c38-52a25878f735","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1f5322e2-971f-4239-83e8-db9ba3b2f5f8","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Immediate resistance for Worldcoin stands at $7.57, with a possible 25% drop towards $5.50 if it fails to break through. Image Credit: Aximdaily

Upside Potential

[{"selector":"#anim-1d311d8c-66cb-4f0b-b927-54dcb505c54f","keyframes":{"opacity":[0,1]},"delay":200,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-3efdafaa-4a9c-4bc5-95b3-18d25c4111e9","keyframes":{"opacity":[0,1]},"delay":500,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6d7b4f1b-f6c2-411e-ba84-16d8162d8dc5","keyframes":{"opacity":[0,1]},"delay":300,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] On the upside, a breakout above $7.57 could propel Worldcoin towards its next Fibonacci resistance near $10.90, potenti ally reaching another all-time high. Image Credit: The Senior

[{"selector":"#anim-a4a70ec1-cab7-4dff-9a00-c8da440d85bf","keyframes":[{"offset":0,"transform":"translate3d(0, -1082.22183%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -304.32077859599997%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -103.460406948%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -38.851763697%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -16.882660547999997%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}] Next: 5 Crypto Gaming Tokens Set to Explode in 2024 See More