Highlights
The forthcoming Nvidia 2024 GTC Conference and the anticipated reveal of OpenAI’s newest generative AI model, GPT 5, have spurred a notable surge in the cryptocurrency market, particularly boosting tokens associated with Artificial Intelligence. Amid this enthusiasm, the Worldcoin price surged past the crucial $10 mark and set a new all-time high of $11.02 on Saturday. Moreover, the price surge indicates a breakout pattern in the daily chart, suggesting a prime opportunity for traders waiting on the sidelines to make their move.
Also Read: Sam Altman’s Worldcoin Faces Roadblock In Spain, WLD Price Dips 12%
The WLD coin re-entered the recovery trend in mid-week when the price rebounded from the $5.6 support. This dramatic pivot resulted in a 92% surge in Worldcoin, solidifying its bullish dominance with a milestone at $10.
Significantly, WLD’s price movement reveals a bullish breakout from a flag pattern on the daily chart, indicative of a continuation in the upward trend. The successful breach above the bullish flag pattern hints at an extended bullish phase for investors.
Presently, WLD price is trading at $10.76, marking a 43% increase within a single day, highlighted by a large engulfing candlestick pattern. This substantial rise, coupled with a spike in trading volume, has propelled the coin to a new all-time high, underscoring the strength of the uptrend.
The market pundit hints the sudden upswing is also linked to Sam Altman’s return to the OpenAI board following a short and contentious absence.
With the bullish breakout rally, the pivot points project strong targets on the upside. With the next target at $13.25, the WLD price is on a rally and puts an upside potential of 24%. However, a potential retest of the supply line breakout can result in a pullback to $9.4.
Related Articles
Ethereum price is gaining renewed attention as analysts highlight what they call the “perfect time…
BNB price is showing renewed strength as it attempts to reclaim higher ground toward the…
XRP price remains under intense pressure as woes in the crypto market industry continue. Ripple…
The Chainlink price recently rebounded sharply from the $16 demand zone, an area that has…
Plummeting Pi Network price may be preparing a significant short squeeze after forming a rare…
The Solana price is attempting a mild recovery after a recent consolidation phase, with the…