The recent trend of red trading in the crypto industry before the weekend led to a 1% correction in the overall market. Bitcoin showed a nearly week-long sideways movement, indicating a significant decrease in price volatility.
Worldcoin (WLD), a cryptocurrency, experienced significant fluctuations last week and gained over 32% in value. However, news of OpenAI’s CEO, Sam Altman, leaving the company resulted in a more than 10% drop in token price, causing concern among investors.
Altman’s decision to leave had a significant impact on the price of Worldcoin. However, subsequent news about Altman’s new role with Microsoft in the field of artificial intelligence contributed to a rebound in Worldcoin’s price, offsetting some of the losses. Over the weekend, Worldcoin’s price garnered significant attention after Sam Altman’s deal with Microsoft, reclaiming the lost value. The price also consolidated in a range between $1,753 and $1,930 for a short period. It then traded with a gain of over 25%, supported by the dynamic support of the 200-day EMA, which could be seen as an indicator of a potential uptrend.
The MACD indicator we examined in technical analysis reflects long-term price volatility, indicating ongoing significant buying and selling pressure in the market. However, the sharp decline in the averages on the chart could be a sign that the price may continue to lose value in the near future. This situation may require investors to carefully monitor market movements.
Worldcoin reaching $3 is contingent on several scenarios:
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Bullish Scenario:
- If bulls manage to surpass current resistance levels, the price is expected to gain momentum and test the upper resistance level at $2,046 soon.
- In this case, with the bulls gaining momentum, the price is anticipated to test the upper circuit of $2,260.
- Maintaining the resistance level at $2.60 could provide potential for further upward movement.
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Bearish Scenario:
- If bears take control and the price falls below the $1,930 resistance level, Worldcoin could experience a significant drop and might prepare to test the support level at $1,753.
- If bears maintain dominance, the price could lose momentum and test the critical support level at $1,636.
From a technical analysis perspective, a sharp rise is observed in the RSI chart, approaching the overbought zone, indicating the potential for a significant price movement. If bulls manage to surpass the $2,600 resistance level, the prediction is that Worldcoin’s price will test the upper resistance level of $2.80 and aim for the $3 resistance level in the coming days.
In summary, there is an indication of an upward trend in Worldcoin’s price if bulls take control, but there is also a risk of a decline influenced by bears.
Altman’s Future:
- Altman’s departure from OpenAI and his decision to join Microsoft could influence developments in artificial intelligence and technology in the future. His leadership in Microsoft’s AI research team may lead the company to play a more active role in innovation and projects in this field.
Worldcoin and the Crypto Market:
- Altman’s departure from OpenAI has caused fluctuations in Worldcoin and the overall crypto market. Although, as mentioned, Altman has no direct connection with Worldcoin, players in the crypto market may assess how Altman’s management style and events could affect market perception.
AI Regulations and Worldcoin:
- Altman’s lobbying activities on AI regulations with OpenAI could impact the Worldcoin project. If the efforts of OpenAI under Altman’s leadership result in regulations, Worldcoin could stand out with its solutions for user authentication.
Investor and Community Response:
- Altman’s departure and transition to Microsoft could elicit various reactions from investors and the crypto community. The effects of projects under Altman’s leadership and lobbying activities could influence WLD’s price movements. Investors may closely monitor future developments.
Worldcoin price view result
As a result, there was a short-term decline in the Worldcoin price with the news of CEO Sam Altman leaving OpenAI. However, it rebounded after positive news about Altman’s new role at Microsoft. According to technical analysis, although there is potential to rise under the control of the bulls, there is a risk of falling under the precipitation of the bears. Altman’s future may lie in the field of artificial intelligence and technology. Investors follow the price movements of Worldcoin and the current developments of Altman’s new services.