Worldcoin price rose for three consecutive days, reaching its highest level since April 17 as investors waited for the upcoming OpenAI IPO and the artificial intelligence hype continued. WLD token has jumped by 30% from its lowest point this year, and is showing some bottoming signs.
Worldcoin Price Jumps Ahead of OpenAI IPO
WLD token jumped for three consecutive days, helped by the ongoing hype surrounding the upcoming OpenAI IPO. This will be one of the biggest IPOs ever as the company may attract a $1 trillion plus valuation.
Worldcoin and OpenAI have a history because they were both started by Sam Altman. Speculation is that at some point, OpenAI will start using World’s platform to ensure human verification, especially in the new era of AI agents.
OpenAI will join other companies like Tinder, Vercel, Zoom, Okta, and Razer in its platform. Such a move would be a major one as ChatGPT has over 900 million weekly users from around the world.
The ongoing WLD jump is because analysts expect that AI coins will experience hype as the IPO nears. This explains why other top AI coins like Near Protocol, Venice AI, and Akash Network have continued this week.
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In addition to OpenAI, there have been some notable AI news this week that has driven these coins higher. For example, Anthropic has become a $900 billion company and its revenue is soaring. It made over $4 billion in the first quarter and is now eying over $1o billion in the current one.
The other main news is that the SpaceX IPO is nearing, which will value it at over $1.5 trillion. SpaceX is a major player in the AI industry because it owns xAI, a company that owns X and Grok.
These events explain why the WLD’s demand has jumped. Its 24-hour volume has jumped by 56% in the last 24 hours to $293 million, with the volume in the futures market rising to $687 million.
WLD Price Prediction: Technical Analysis
Worldcoin price chart | Source: TradingView
The daily chart shows that the WLD token price is showing bottoming signs. It has formed a triple-bottom pattern at $0.2390 and a neckline at $0.3285. It also formed a small double-bottom pattern with a neckline at $0.2920, which it is now attempting to cross.
The coin has jumped above the 50-day Exponential Moving Average (EMA). Also, the Relative Strength Index (RSI) and the MACD have continued rising.
Therefore, the token will likely continue rising as bulls target the key resistance at $0.3285. A move above that level will point to more gains, potentially to $0.4042, its highest point on March 16. A drop below the support at $0.2390 will invalidate the bullish outlook.
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