- Worldcoin price surged and flipped a crucial resistance level today.
- The coin is benefiting from the upcoming OpenAI IPO.
- The volume and futures open interest continued soaring.
Worldcoin price rose for the second consecutive day, reaching its highest point since March 18 this year. It jumped and crossed the crucial resistance level at $0.3285, the neckline of the triple-bottom pattern, and this rally may continue ahead of the upcoming OpenAI IPO, and the AI boom continues.
Worldcoin Price Jumps as Key Fundamentals Align
WLD price is soaring amid the rising demand from global investors. Data shows that the 24-hour volume jumped by 111% in the last 24 hours to $395 million. Similarly, its futures volume jumped to over $1.15 billion, while the open interest jumped to over $328 million.
The rally is being triggered by the rising growth of AI agents, which are autonomous tools that can perceive their environments, make decisions, and take actions with minimal human intervention. These agents are massive businesses, with their market size estimated at over $12 billion this year.
World believes that human verification will be important in the future. As AI agents become popular, platforms will need to answer the issue of whether there are real humans behind the queries or just autonomous bots. It achieves that by verifying real human beings, while protecting their privacy using zero-knowledge proof-based authentication.
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Some companies have already embraced the technology, including popular names like Shopify, Okta, VanEck, Zoom, and DocuSign. If successful, chances are that more names will do the same.
Worldcoin is also attracting demand because of the upcoming OpenAI IPO. The company is expected to achieve a $1 trillion market capitalization, despite the fact that its business was slowing. Traders believe that, eventually, OpenAI, which is used by over 400 million people a month, will use World.
Still, WLD price faces some major challenges. For example, World Chain has not become as successful as analysts were expecting. Its transactions have plunged from over 4.7 million in October last year to 1.18 million today. Active wallets has dropped to just 117k, while the total value locked (TVL) has dropped to just $26 million.
WLD Price Prediction: Technical Analysis
The daily chart shows that the WLD price has rebounded in the past few days. It formed a triple-bottom pattern at $0.2390 and a neckline at $0.3285, its highest point in April. This is one of the most common bullish patterns in technical analysis.
The token has now moved above the 50-day moving average, while the Average Directional Index (ADX) has soared to 24, its highest point since April 13 this year.
Therefore, technical analysis suggests that the Worldcoin price will likely continue rising as bulls target the key resistance level at $0.4042, its highest point on March 16. A move above that level will point to more gains, potentially to $0.500.
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