Sam Altman’s Worldcoin has displayed massive price volatility within the past week following the news of his departure from Open AI as the CEO. After the announcement, the WLD price experienced a plunge of over 20% in value.
Over the weekend, Worldcoin gained significant market attention as the price regained momentum and successfully leveled out all its losses, following the news of Sam Altman signing with Microsoft as Lead for their new in-house AI team.
The WLD price had gained massive momentum as the market witnessed a massive pump in value, following which the price was seen trading in a consolidated range between $1.753 and $1.930 for a brief period.
After multiple failed attempts, the price regained momentum and successfully broke out of the range but was later rejected at $2.60, after which the price lost momentum and experienced significant price fluctuations.
Following the news of Sam Altman, the price experienced a plunge of over 20%, following which the bulls regained power, and a trend reversal occurred. The price is presently trading close to its key resistance level of $2.600 and is expected to test it soon, of which the outcome is unpredictable.
The RSI displayed a sharp rise in its chart, indicating a massive ongoing price action for the coin. Further, the chart shows the price hovering close to the overbought range, suggesting a bullish influence in the market.
If the bulls push the coin above the resistance level of $2.600, the WLD price will regain momentum and make a run to test its upper resistance level of $2.80 soon. Further, if the market maintains the price at that level, the Worldcoin will prepare to test its resistance level of $3 in the coming days.
Conversely, if the market experiences another price plunge, the coin will lose momentum and fall to test its support level of $2.260 soon. Moreover, if the bears continue to dominate the market, the price will continue to lose momentum and drop to test its lower support level of $2.046 by the month ahead.
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