Made in USA Coins Gain Renewed Attention as WLD, PI, and MOVE Lead the Charge

Made in USA coins have recently gained renewed attention, with Worldcoin (WLD), Pi (PI), and Movement (MOVE) at the forefront. By Cointelegraph

Recently, several Made in USA coins have been making headlines as they continue to navigate a turbulent crypto landscape. Among these tokens, Worldcoin (WLD) has shown remarkable resilience, surging 14.5% in the last 24 hours.

The token has been on a wild ride, striking fear into the hearts of those on the sell-side. After opening the third week of May at $1.04, WLD plummeted to lows of $0.94.

However, the token has since rebounded sharply as BTC breached the $100,000 mark once more.

WLD’s journey has been marked by a series of legal setbacks and regulatory scrutiny.

In Kenya, a judge ruled against Worldcoin, ordering the firm to delete all biometric data collected from users. The court found that Worldcoin’s data collection practices were unconstitutional as they failed to meet legal consent standards.

This ruling could have significant implications for Worldcoin’s operations in other countries.

Furthermore, Indonesian authorities suspended Worldcoin’s activities for operating without the required registrations and misusing legal certifications. This setback adds to the growing pressure on the project to comply with regulations in key markets.

Despite these challenges, Worldcoin has been making progress with its expansion plans. The token has been listed on Coinbase, making it accessible to a wider range of investors.

It is also said to be in talks with OpenAI for a possible integration of its token into an upcoming social media platform.

This development could unlock new avenues for Worldcoin’s adoption and community engagement.

As WLD’s price action shows signs of technical strength with its EMA lines now in bullish territory, it will be interesting to see if the token can sustain this rally and test the next resistance at $1.18.

If buying pressure persists, WLD could continue rallying towards $1.259 or even breach the $1.30 mark for the first time since February 4.

However, a reversal in momentum could see WLD sliding back to $1.06 or even $1.00 if sellers take control and spark a steeper selloff.

Pi Network (PI) attempts strong rebound from brutal bear market, Binance listing speculation increases

Next up is Pi Network (PI), which is attempting a valiant last stand from what threatens to be a truly brutal bear market. Having lost 67% of its value between March 12 and May 7, the token is now down a staggering 80% from its all-time high reached in August 2022.

But in the past two days alone, PI has surged 30%, sparking optimism among investors who have grown weary of the relentless market downturn.

This renewed momentum comes as Pi Network is preparing for a pivotal stage in its development. With an anticipated ecosystem announcement on May 14 and rumors of a Binance listing swirling, investors are eagerly awaiting any positive news that could sustain this fragile rally.

The rumors of a Binance listing have been fueled by suspicious wallet activity on Stellar and signs of infrastructure readiness at major exchanges for integrating new tokens.

However, despite these stirrings, there has yet to be any official confirmation from either Binance or Pi Network.

Despite the optimism surrounding these developments, there are still significant headwinds that could affect Pi’s recovery.

Over 668 million PI tokens are set to unlock between May and July, which threatens to overwhelm the current market liquidity. To put this into perspective, daily trading volume has dropped sharply, decreasing from $1.3 billion in December to just $45 million in recent months.

This lack of liquidity could exacerbate any selling pressure induced by the token unlocks, potentially pushing the price down further.

However, on a technical level, the EMAs for Pi are beginning to form a golden cross, which is a bullish signal that could bode well for further gains if the bulls manage to maintain control.

If the current rally manages to continue, the next resistance level for Pi will be at $0.79, with further potential upside to $1.23 and $1.79.

However, if the rally loses momentum, we could see a return to $0.636 or even $0.55 if sellers manage to exert more pressure.

Is Movement (MOVE) finally showing signs of life after series of scandals, or will it continue to spiral?

Last but not least is Movement (MOVE), one of the few major Made in USA coins still in the red for the week. The broader weakness in the market has seen MOVE slide 9.8% despite rebounding 10.4% in the last 24 hours.

The broader selloff comes after a series of scandals and controversies have rattled investor confidence in the token. It began when Binance banned a market maker for dumping 66 million MOVE