Worldcoin (WLD) Price Prediction: Targeting $1.62 After Breakout From Descending Channel

Worldcoin (WLD), linked with Sam Altman and OpenAI, is currently breaking out of a descending channel, suggesting a possible upward move.

Key Insights:

* Worldcoin (WLD), the token linked with Sam Altman and OpenAI, is seen breaking out of a descending channel, suggesting a possible move toward $1.25 and $1.62.

* Changes in the cloud infrastructure used by OpenAI, shifting from Microsoft’s Azure to Google Cloud, come as the firm’s role in the AI sector grows.

* With Altman involved in both OpenAI and Worldcoin, questions have arisen about how the former’s actions may affect the latter, especially with rising interest in both sectors.

Worldcoin Price Set to Hit $1.62 After Breakout

According to Jonathan Carter, Worldcoin price has shown a bullish technical setup with a breakout above a descending channel on the 4-hour chart. This is very similar to earlier breakouts, where every sharp move after a declining channel ended at a higher level.

Chart of WLD/USDT on the 4-hour timeframe

Notably, after the first breakout, Worldcoin crypto surged from around $0.85 to $1.20, and during the second breakout, it moved towards $1.40. If the price goes above $1.25, it could build up momentum that may lead the price to hit $1.60.

As of now, the price is testing the upper boundary of this descending channel, and if it manages to break through, the next targets for WLD price could be $1.34, $1.45, and potentially $1.62. The rally will sustain only if the price manages to break through the current resistance zone, which has been difficult for price moves in the past.

OpenAI’s Move to Google Cloud

OpenAI’s recent decision to shift its AI infrastructure to Google Cloud marks a pivotal moment in the AI space. Having used Azure over a period of over a year, OpenAI’s decision to use Google Cloud suggests that strong and versatile computing is required for advanced AI models now.

With this transition, OpenAI gains access to Google Cloud’s Tensor Processing Units (TPUs), which are crucial for training large AI models. The impact of this shift reaches beyond AI infrastructure. Because of diversification, OpenAI stands to increase its influence and aid the development of both the blockchain and cryptocurrency industries. The involvement of Sam Altman in both OpenAI and Worldcoin ensures that Worldcoin can take advantage of this shift in the infrastructure.

When both sectors grow, having AI and cryptocurrency solutions in Worldcoin could lead to much higher prices for the token targeting $1.60.

Impact of Google-OpenAI Partnership

At this crucial moment, Google’s AI investments are expected to amount to $75 billion this calendar year. Because AI adoption is growing, landing clients such as OpenAI is a good reason to keep investing in such projects. However, this deal adds complexity to Google’s internal balancing act, as its own AI products, such as DeepMind, will need to coexist with the cloud needs of OpenAI.

However, Worldcoin crypto is trying to maintain a position above $1.25, which has become a major turning point. If the coin breaks through this resistance, it may go higher, towards $1.60.

Moreover, the Relative Strength Index (RSI) is currently rising, indicating increased bullish momentum. RSI at 65 means that the market is not yet overbought. Since the trend is positive, WLD price could experience higher pricing soon.

Key Technical Levels for Worldcoin Crypto

Worldcoin price is currently testing key technical levels, with the support zone between $0.88 and $0.92 playing a critical role in maintaining bullish momentum. If the price recovers from here, it could mean the crypto will continue to attempt to break the higher resistance barrier.

Chart of WLD/USDT on the 4-hour timeframe

Historically, traders have frequently found it challenging to move Worldcoin price past the primary resistance between $1.40 and $1.60. If the cryptocurrency rises above $1.25, it would encourage more gains, especially if there is more interest from buyers. The Volume-Weighted Average Price (VWAP) is signaling increasing buyer control, and a breakout could lead to faster price movement toward the $1.60 resistance level.

In this article, the views and opinions stated by the author or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.