[With Altman’s return on OpenAI, WLD rebounds and successfully reaches ATH]
The price of Worldcoin (WLD) quickly rose to $2.55 after former OpenAI CEO Sam Altman returned to the company. Previously, Coin Edition reported that the cryptocurrency project he co-founded fell sharply after Altman was fired from the same company.
Altman also confirmed his reinstatement in a post on X . He claimed the decision was best for him and the team.
This development is particularly notable against a backdrop of much fear, uncertainty and doubt (FUD) in the market. These FUDs arise from Binance’s controversy and the details of its settlement with the U.S. Department of Justice.
However, traders appear to remain bullish on Worldcoin. According to data from derivatives information portal Coinglass, WLD’s funding rate is currently in positive territory.
Looking at the 4-hour WLD/USD chart, $2.23 is a strong support level. Additionally, resistance at $2.6 prevented WLD from entering the $3 zone. The relative strength index (RSI) is at 55.47, indicating mild buying pressure.
But this buying momentum may not help WLD break out of a possible consolidation range in the coming days.
However, if selling pressure takes over, the cryptocurrency may have no choice but to fall below $2.3. Given the current circumstances, this seems unlikely to happen.
Worldcoin’s Money Flow Index (MFI) also began to rise. If MFI continues to move upward, WLD could reach $2.6. But traders need to keep an eye on MFI readings. If it stays below 50, WLD may continue to consolidate.
