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.
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