2024

Worldcoin

FLOKI

The forthcoming Nvidia 2024 GTC Conference and the anticipated reveal of OpenAI’s newest generative AI model, GPT 5, have spurred a notable surge in the cryptocurrency market, particularly boosting tokens associated with Artificial Intelligence. Amid this enthusiasm, the <a href="https://coingape.com/price/worldcoin/" rel="noopener noreferrer nofollow">Worldcoin price</a> surged past the crucial $10 mark and set a new all-time high of&nbsp;$11.02 on Saturday. Moreover, the price surge indicates a breakout pattern in the daily chart, suggesting a prime opportunity for traders waiting on the sidelines to make their move.&nbsp;
Also Read: Sam <a href="https://coingape.com/sam-altmans-worldcoin-faces-roadblock-in-spain-wld-price-dips-12/" rel="noopener noreferrer nofollow">Altman’s Worldcoin Faces Roadblock In Spain, WLD Price Dips 12%</a> 
<h2 id="b-flag-pattern-signals-continued-upward-momentum-b">Flag Pattern Signals Continued Upward Momentum</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/a/A2eFEOik.png" alt="BINANCE:WLDUSDT Chart " width="1946" height="937">
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 Worldcoin price| Tradingview
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The WLD coin re-entered the recovery trend in mid-week when the price rebounded from the $5.6 support. This dramatic pivot resulted in a 92% surge in <a href="https://coingape.com/sam-altman-worldcoin-wld-files-lawsuit-against-ban-spain/" rel="noopener noreferrer nofollow">Worldcoin</a>, solidifying its bullish dominance with a milestone at $10.&nbsp;
<blockquote>
 Significantly, WLD’s price movement reveals a bullish breakout from a flag pattern on the daily chart, indicative of a continuation in the upward trend. The successful breach above the bullish flag pattern hints at an extended bullish phase for investors.
</blockquote>
Presently, <a href="https://coingape.com/south-korea-probes-worldcoin-citing-privacy-concerns-wld-price-dip-ahead/" rel="noopener noreferrer nofollow">WLD price</a> is trading at $10.76, marking a 43% increase within a single day, highlighted by a large engulfing candlestick pattern. This substantial rise, coupled with a spike in trading volume, has propelled the coin to a new all-time high, underscoring the strength of the uptrend.
The market pundit hints the sudden upswing is also linked to <a href="https://coingape.com/worldcoin-wld-price-soars-45-sam-altman-welcomes-openai-board-members/" rel="noopener noreferrer nofollow">Sam Altman’s return</a> to the OpenAI board following a short and contentious absence.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 New additions to our board: Dr. Sue Desmond-Hellmann, Nicole Seligman, and Fidji Simo; Sam Altman will also rejoin<a href="https://t.co/6TS1C4etjr" rel="noopener noreferrer nofollow">https://t.co/6TS1C4etjr</a>
 — OpenAI (@OpenAI) <a href="https://twitter.com/OpenAI/status/1766236573379493968?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 8, 2024</a>
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Also Read: <a href="https://coingape.com/crypto-prices-today-march-9-bitcoin-at-68k-ethereum-nears-4k-pepe-gains-20-as-floki-rallies-50/" rel="noopener noreferrer nofollow">Crypto Prices Today March 9: Bitcoin At $68K, Ethereum Nears $4K, PEPE Gains 20% As FLOKI Rallies 50%</a>
<h2 id="b-is-the-worldcoin-price-heading-to-12-b">Is the Worldcoin Price Heading to $12?</h2>
With the bullish breakout rally, the pivot points project strong targets on the upside. With the next target at $13.25, the WLD price is on a rally and puts an upside potential of 24%. However, a potential retest of the supply line breakout can result in a pullback to $9.4.&nbsp;
<ul>
 <li aria-level="1">Pivot Levels: The traditional pivot level marks the immediate resistance of the WLD price at $13.65 and $17.8</li>
 <li aria-level="1">Average Directional Index: The ADX slope, standing at 44%, indicates strong bullish momentum which could be nearing its peak of intensity.</li>
</ul>
The post <a href="https://coingape.com/markets/heres-why-worldcoin-in-price-discovery-sees-24/" rel="noopener noreferrer nofollow">Here’s Why Worldcoin in Price Discovery Mode Sees 24% Upswing Ahead</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Here’s Why Worldcoin in Price Discovery Mode Sees 24% Upswing Ahead

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