đWill Worldcoin Crash? WLD Falls 11% as Viral AI
Meme Coin Nears $1 Millionđ
As Sam Altman's OpenAI drives market movements, Worldcoin, his decentralized identification project, falls 11%.
This essay will analyze WLD's price movements and determine whether SCOTTY, a younger low-cap AI crypto competitor, is a better investment.
After Sam Altman announced OpenAI's new video creation model, Sora, notable traders on crypto X (previously Twitter) called for Worldcoin to reach a new local high above the existing range.
Worldcoin is trading at $7.26, up 2.66% in 24 hours.
A massive rebound off 20DMA support at $5.58 fueled a +307% rise to a local high at $9.46 before the -22% retracement.
WLD price is trying to build a lower support zone around $7.2, although lower supports are possible around $6 and $5.3 if it breaks.
Despite the pullback, the RSI remains over-heated with a bearish 66.99 signal, indicating a need for consolidation or a further decline to lower support.
However, the MACD continues at a modest bullish divergence at 0.118, indicating further higher momentum.
WLD price analysis shows a healthy consolidation move from a recent high, but Sam Altman's AI narrative and fundamental tailwinds suggest a sustained consolidation could set the stage for another big leg up, especially as Bitcoin approaches $60k.
As Sam Altman's OpenAI fuels AI story fever, might Worldcoin fall as WLD price drops -11%?
WLD price may surge forward to recapture $8 support (+8.2%).
WLD price might decrease to $6 (-18.8%) under downside risk.
Thus, WLD price analysis shows a risk: reward ratio of 0.44, indicating a risky entry with high downward retracement risk.
While Sam Altman's Worldcoin may retrace and stabilize, a stronger play is forming off of AI narrative hype, with a smaller cap entry potentially tempting greater rewards.$WLD
