- Worldcoin price has formed a falling wedge pattern on the daily chart.
- Sam Altman made major announcements and partnerships on Friday.
- The platform inked partnerships with Shopify, Zoom, and Tinder.
Worldcoin price remained under pressure on Saturday despite new deals to bring the identification network to the mainstream. WLD token was trading at $0.2765, down substantially from last year’s high of $2.20, but it has formed a highly bullish falling wedge, suggesting an eventual rebound.
Worldcoin Price Falls Despite Major Deals
Sam Altman’s World is expecting to see more growth in the coming years after inking a deal with some of the biggest companies in the United States at the Lift Off event.
In a statement, the company said it was partnering with firms such as Tinder, Zoom, DocuSign, Shopify, Okta, and Coinbase, which will now leverage its proof-of-human service to ensure the integrity of their platforms.
The new World ID introduced an account-based architecture that makes private proof of human more secure and portable. This is important in the new era, where artificial intelligence is breaking new barriers, as evidenced by Mythos and the new models from Anthropic. World also introduced the World ID for AI agents and for businesses.
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The company also introduced the World ID app, which allows any app to serve as a World ID authenticator. It is designed to be the place where proof of human life lives on devices.
After signing up for the app, the orbs take photos of your eyes and face, generate a unique code from those photos, and then send anonymous fragments of that code to AMPC nodes to confirm that you are real.
In addition to the World, other networks are working to offer these verification services, with the most notable one being Humanity Protocol. In a recent statement, Pi Network confirmed that it was working on a similar service, leveraging its KYC process that has verified over 18 million users.
WLD Price Has Formed a Highly Bullish Chart Pattern
Technical analysis suggests that the Worldcoin price has been in a strong bearish trend since peaking at $2.195 in September last year, to its current price of $0.2747. It recently formed a large falling wedge pattern, a pattern made of two descending, converging trendlines. A bullish breakout normally happens when the two lines are nearing their convergence.
The two lines of the Percentage Price Oscillator (PPO) have formed a bullish crossover pattern, while the Relative Strength Index (RSI) has been rising.
Therefore, the token is likely to see a strong bullish breakout in the near term as bulls target the psychological level of $0.500, about 140% above the current level.
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