Worldcoin price is trading near $0.51, up about 10% over the past 24 hours after briefly touching $0.64 earlier in the session. The token is one of the day’s top large-cap gainers, with spot volume rising to roughly $720 million, up more than 870%. The WLD price action unfolded within a 24-hour range of $0.45 to $0.65, suggesting sharp two-sided activity.
The dominant driver behind the move is renewed attention on Worldcoin’s biometric identity technology following reports tied to OpenAI’s product ambitions.
OpenAI Social Network Report Fuels Identity Narrative
Reports on Jan. 28 indicated that OpenAI is quietly developing a social network and is considering biometric verification methods to ensure users are human rather than bots. The systems under discussion reportedly include Apple’s Face ID and Worldcoin’s Orb iris-scanning technology.
The connection carries weight because OpenAI’s chief executive, Sam Altman, is a co-founder of Worldcoin. While no formal partnership has been announced, the overlap has been sufficient to prompt traders to view Worldcoin’s identity infrastructure as poised to play a much larger role beyond crypto-native use cases.
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Furthermore, a consumer-facing social network that integrates biometric proof of personhood would represent a materially larger user base than Worldcoin’s current ecosystem. Even the possibility of such adoption reframes Worldcoin from a niche identity experiment into a potential digital infrastructure, thereby increasing the token’s perceived long-term utility.
The narrative coincided with a sharp pickup in activity across both spot and derivatives markets. Futures open interest rose 76% to $193.5 million, suggesting fresh positioning rather than a simple unwind of shorts. When paired with the surge in spot turnover, the data points to new capital entering the trade.
Worldcoin Price Tests Resistance After Falling Wedge Breakout
On the chart, the Worldcoin price recently broke above a falling wedge on the daily timeframe, a pattern often associated with bullish reversals.
Crypto analyst Globe of Crypto notes that a successful confirmation of this structure could imply a potential 110%–120% upside move from the wedge base, placing the projected objective near the $1.00–$1.20 region. The initial breakout propelled the WLD price to $0.64, representing a roughly 30% intraday gain from prior consolidation levels.
Momentum indicators reflect an overheated short-term condition. The 7-day RSI reached 72.8, placing Worldcoin in overbought territory as the rally peaked. Selling pressure has been building in the $0.62-$0.65 range, which has now become resistance.
The focus is on the level above $0.65, where the market should close to confirm the trend reversal and the validity of the bullish wedge breakout. Until then, the overall trend remains intact from a technical perspective.
On the downside, the $0.50 level has been providing support for the market following the recent pullback from the highs. A failure to hold this level may see profit-taking, especially with the high derivatives positions and the risk of long liquidation.
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