Promise

Worldcoin

April

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/nvidias-earnings-influence-worldcoin-price-movement/" data-wpel-link="internal">Nvidia’s Earnings Influence Worldcoin Price Movement</a><br></p>
<p style="text-align: justify"><strong>Worldcoin</strong> (WLD) price is expected to rise following <a href="https://newslinker.co/category/computing/" target="_blank" rel="noopener" data-wpel-link="exclude">Nvidia</a>‘s earnings reports today, after a week of consolidation. Recently, Nvidia (NVDA) has drawn attention with its strong earnings, positively impacting the market for AI-based altcoins like WLD. This could be a significant catalyst for WLD’s price to move upward if it exceeds expectations.</p> 
<h2 style="text-align: justify" id="worldcoin-s-fate-tied-to-nvidia">Worldcoin’s Fate Tied to Nvidia</h2> 
<p style="text-align: justify">In Nvidia’s last earnings announcement, earnings per share exceeded analysts’ expectations by 12.34%. This unexpected increase affected AI coins, especially Worldcoin, raising their prices by up to 50% between February 21 and 22.</p> 
<p style="text-align: justify">A similar situation occurred in the past. The 19.4% positive surprise in the November earnings report caused Worldcoin to rise by about 20% from its daily low. If history repeats itself and Nvidia’s actual earnings exceed estimated figures, AI tokens, especially <strong>WLD</strong>, could climb to higher values.</p> 
<h2 style="text-align: justify" id="wld-price-shows-promise">WLD Price Shows Promise</h2> 
<p style="text-align: justify">Worldcoin price dropped 69% from its all-time high of $11.97 on March 10, consolidating between $4.59 and $5.24 over the past week. The weekly support level of $4.59 pushed WLD up by 7%, currently trading at $5.07.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-354468 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/wld.jpg" alt="" width="1815" height="803"></p> 
<p style="text-align: justify"><strong>Nvidia</strong>‘s approaching earnings could turn the $5.24 level into a support point, breaking away from the current price range. In this case, <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> might see WLD rise by up to 20%, targeting the next daily resistance level of $6.30 from May 13. However, this jump could halt around the psychological level of $6.</p> 
<h2 style="text-align: justify" id="if-earnings-report-falls-short">If Earnings Report Falls Short</h2> 
<p style="text-align: justify">On the other hand, if the earnings report is weaker than expected, a potential downtrend for WLD could occur. This downward trend might pull the AI-based altcoin back to a lower level like $4.59. In this scenario, Worldcoin price could break below the mentioned level, triggering a 10% drop to test the weekly support level of $4.20. If the overall <a href="https://en.coin-turk.com/bitstamp-announces-partnership-with-three-major-banks-for-crypto-services/" data-wpel-link="internal">crypto market</a> remains positive, this level could offer buyers an opportunity to accumulate WLD.</p> 
<p style="text-align: justify">If Worldcoin price closes a daily candle below the weekly support of $4.20, it could indicate market weakness. This move could result in a lower low forming on higher time frames, invalidating the bullish scenario. In this case, the cryptocurrency WLD might then experience a 9% correction towards the April 13 low of $3.69.</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/nvidias-earnings-influence-worldcoin-price-movement/" data-wpel-link="internal">Nvidia’s Earnings Influence Worldcoin Price Movement</a></h5>

Nvidia’s Earnings Influence Worldcoin Price Movement

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