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. The WLD token has jumped by 30% from its lowest point this year and is showing signs of bottoming.
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 OpenAI will, at some point, 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 major, as ChatGPT has over 900 million weekly users worldwide.
The ongoing WLD jump is due to analysts expecting AI coins to see hype as the IPO nears. This explains why other top AI coins like NEAR Protocol, Venice AI, and Akash Network have continued to rise this week.
READ MORE: Nio Stock Crashed After Earnings: Here’s Why it May Soar 70% Soon
In addition to OpenAI, there has 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 eyeing over $ 10 billion in the current quarter.
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, which 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 futures market volume rising to $687 million.
WLD Price Prediction: Technical Analysis
The daily chart shows that the WLD token price is showing signs of bottoming. 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 further gains, potentially reaching $0.4042, its highest level on March 16. A drop below the support at $0.2390 will invalidate the bullish outlook.
READ MORE: Bitcoin Price Hangs on a Thread as Smart Money Selling Intensifies
