Here’s Why Worldcoin (WLD) Price is Pumping

Worldcoin (WLD) is making headlines again after showing strong signs of recovery in both price action and broader sentiment.

Worldcoin (WLD) is back in the news cycle as the token continues to show signs of recovery in both price action and broader sentiment.

Earlier this year, the Worldcoin token faced skepticism from several analysts due to early challenges with tokenomics and optics. However, a new narrative is emerging, catching the attention of top analysts Crypto Tony and Simon.

Both analysts highlight structural breakouts and upcoming catalysts that could reshape the outlook for the WLD price.

Worldcoin’s ‘At Last’ event on April 30 is also bringing attention to the project and setting the stage for a pivotal moment in the market.

WLD Price Posts Strong Weekly Gains

The price of WLD has risen by nearly 6% in the past 24 hours. Over the past seven days, the token gained 62.52%, reflecting renewed bullish interest in the coin. At the time of writing, WLD is changing hands at $1.23.

This represents a strong recovery from the lows of $0.58 earlier this month. Technical analysis shows that after a prolonged bearish cycle through most of 2024, WLD found strong support around the $1.00-$1.10 range.

Large green weekly candles demonstrate a sharp change in sentiment. However, a major horizontal resistance at $1.39 has yet to be breached.

Crypto Tony says he won’t be considering a long entry until WLD price manages to flip $1.39 and establish it as new support. The broader trend is cautiously shifting upward, but confirmation above $1.39 is seen as a key condition for further rally potential.

Crypto Tony Remains Cautious On WLD Despite Recent Breakout

Most of the market has written off Worldcoin ($WLD) because of bad optics and uninvestable tokenomics.But at a $1.2B market cap ($12B FDV), $WLD might deserve a second look — and recent price action could be telling a different story.Rumors of deeper collaboration between OpenAI (which is co-founded by Sam Altman) and Worldcoin have been heating up. Apparently, OpenAI is looking to build a human-verified social network. And with Worldcoin’s proof-of-personhood technology, it could be pivotal if OpenAI decides to integrate biometric verification on a large scale.With OpenAI’s presence and Worldcoin’s infrastructure, they might be able to build a platform that is resistant to bots—something that could attract both crypto-native and broader technology investors. These developments could be game-changers if announced at the upcoming event. Nonetheless, it will be interesting to see how these rumors unfold and what announcements are made at the event.

A Partnership Between OpenAI And Worldcoin Could Be A Gamechanger

Speculation over deeper ties between OpenAI and Worldcoin is fueling optimism.

Simon shares that OpenAI, co-founded by Sam Altman, may be exploring the development of a human-verified social network.

This aligns with the potential use cases for Worldcoin’s proof-of-personhood technology, which could be crucial if OpenAI decides to introduce large-scale biometric verification.

With OpenAI’s influence and Worldcoin’s infrastructure, they might be able to build a platform that is resistant to bots. This has the potential to attract not only crypto investors but also broader technology investors.

However, most traders have written off Worldcoin, setting the stage for a surprising move if there are any major partnership announcements at the April 30 event.

Worldcoin Key Technical Levels To Keep In Mind

Analysis of the price structure shows a clear break from the steep downtrend that characterized previous months of 2024.

Now, WLD price is attempting to establish a higher low, with momentum favoring further upside if conditions align.

Support remains strong between $1.00 and $1.10, while $1.39 stands out as the immediate resistance to watch out for.

If the resistance is breached and flips, then analysts expect that $2.00 could become the next target zone. However, without confirmation, caution is still advised.

Moreover, the April 30 “At Last” event is seen as a pivotal moment. While WLD price gains already reflect some speculation, most traders are still cautious about a potential “buy the rumor, sell the news” scenario.

Nevertheless, broader interest fueled by Sam Altman’s association with OpenAI and Worldcoin could increase visibility, setting the stage for a more sustained narrative if key announcements are made.