Bitcoin

Worldcoin

when

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/worldcoins-price-aims-for-a-comeback-amid-market-challenges/" data-wpel-link="internal">Worldcoin’s Price Aims for a Comeback Amid Market Challenges</a><br></p>
<p style="text-align: justify">In the realm of artificial intelligence cryptocurrencies, <strong>Worldcoin</strong> (WLD) is currently in a better position compared to last week, showing signs of a potential comeback. This development occurs amidst a sharp decline in the valuation of popular GPU manufacturer Nvidia, whose stock price has fallen into double digits over the past few weeks.</p> 
<h2 style="text-align: justify" id="nvidia-and-ai-cryptocurrencies">Nvidia and AI Cryptocurrencies</h2> 
<p style="text-align: justify">American tech giant Nvidia, a producer of Graphics Processing Units (GPU) and responsible for the continuous development and improvement of AI technology, has seen its stock price drop by 22% over the last six weeks. NVDA’s market value has decreased from approximately $2.37 trillion to about $2.0 trillion.</p> 
<p style="text-align: justify">This sudden downward trend has also reflected on AI-focused cryptocurrencies, experiencing a harsh correction. For instance, the price of Worldcoin fell by 69% between March 10 and April 13. However, recent developments suggest that WLD is ready for a comeback.</p> 
<h2 style="text-align: justify" id="worldcoin-price-strives-for-recovery">Worldcoin Price Strives for Recovery</h2> 
<p style="text-align: justify">At the end of December, the price of Worldcoin surpassed the $2.71 barrier, turning this level into a support base before initiating a 454% rally. Recently, when WLD fell by 69%, it retested the $4.22 support base, triggering a small jump with the potential to turn into a recovery rally.</p> 
<p style="text-align: justify">The descending trend line starting from Worldcoin’s all-time high of $11.99 indicates that the downward trend is still robust. The volume profile indicator’s high-volume nodes align perfectly with the next targets for the bulls, the resistance levels at $6.70 and $8.55.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-343982 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/wld-coin-turk-com-1-2.png" alt="" width="1833" height="801"></p> 
<p style="text-align: justify">Ideally, the $6.70 resistance level needs to transform into a support base to boost the confidence of pending buyers and encourage more WLD purchases. However, investors should be cautious about the impact of <a href="https://en.coin-turk.com/the-future-of-bitcoin-price-predictions-and-market-dynamics/" data-wpel-link="internal">Bitcoin</a> on altcoins, including AI-related tokens. A decline in Bitcoin’s price could lead to WLD dropping to levels seen at the beginning of 2024, potentially falling below $3.70 before any rise.</p> 
<p style="text-align: justify">The Relative Strength Index (RSI) has not yet flipped the average level of 50, which could catalyze a minor pullback for the Worldcoin price, offering patient investors an opportunity to accumulate. The Awesome Oscillator (AO) also indicates that momentum is declining, and flipping the average level of 0 would confirm that bulls are in control of the price.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/worldcoins-price-aims-for-a-comeback-amid-market-challenges/" data-wpel-link="internal">Worldcoin’s Price Aims for a Comeback Amid Market Challenges</a></h5>

Worldcoin’s Price Aims for a Comeback Amid Market Challenges

Table of Contents

COINTURK NEWS

Other articles published on Apr 24, 2024

Coca-Cola and Microsoft Announce $1.1 Billion Partnership for Cloud and AI Technologies

Floki Price Prediction: FLOKI Surges 15% As Dog Meme Coins Pump And Presale Dogeverse Rockets Pas...

Me3 Launches Private Sale on Yield App: Revolutionising Fan Engagement and Digital Asset Ownership

Shiba Inu Coin: SHIB Burn Spikes 2200% Igniting Bullish Sentiments, $0.000036 Ahead?

The next Cohort of crypto millionaires lies here’ Influential Analyst Bets On Retik Finance (RETI...

Glassnode: Bitcoin’s issuance rate sinks lower than gold’s after fourth halving

Join our free newsletter for daily crypto updates!