$WLD has been one of the most talked about cryptocurrencies in the space since the rise of Artificial Intelligence or AI.

This is because WorldCoin, the project behind $WLD, has been actively developing its product with AI, where the Co-Founder of the project itself is Sam Altman, the founder of OpenAI.

OpenAI’s most famous product is ChatGPT, which is why WorldCoin is predicted to have the same success as ChatGPT in the crypto space.

Because of this, the coin of the project has been rising significantly in the last couple of months. But is it still worth it to buy it now?

$WLD Price Analysis 

Looking at the daily chart of $WLD it can be seen that this coin has been trending downwards after its price surge that happened during the transition between 2023 to 2024. 

The current downtrend is because capitals have moved from the AI sector of crypto to the meme sector, where the market saw a huge influx of buying volume which increased some meme coin’s prices by a couple of hundred even thousand percent in a short time. 

$WLD/USD Daily Chart / Source: Tradingview

However, the trend of AI is not finished yet, as capital usually moves from one sector to another, where it circles back to the initial sector. 

With AI itself especially, there is a possibility that the sector might introduce a new influx of buying volume if there is another development or innovation that happens. 

Currently, there are not many innovations happening yet, but the community of supporters is still supporting the projects related to AI, even its coin and token price. 

Looking at the daily chart, it can be seen that $WLD is trending downwards, but it might soon reverse its trend due to a new breakout. 

There is a breakout of the trend, where the daily candlestick is trying its best to escape the downward trend, breaking the $7.4 resistance zone. 

If the price manages to break the $8.4 resistance and then circle back to retest the zone at the $6.69 price support zone before going up, then there is a probability that the token will go up again. 

There is currently a 2:1 potential long position in the coin where if the $WLD coin rises from $6.69 after retesting the zone and goes up to $11.72, then there is a potential 75% profit that traders can get. 

However, none of these movements are guaranteed, as the price movement of this coin is still volatile with hints of potential long-term correction going forward. 

Looking at the Monthly Timeframe

The potential of this coin to move in a long-term correction can be seen on the monthly chart, where currently the chart opens a new red candlestick after a long period of giving green monthly candlesticks. 

$WLD/USD Monthly Chart / Source: Tradingview

This could be a sign that there might be a potential correction in the future after a huge increase that happened in the last couple of months. 

Looking at previous patterns, it can be seen that the coin usually has one monthly red candlestick before going up again, which is why it might be correction season this April.

However, after the correction, there might be a potential for $WLD to reach a new all-time high if the price goes up again. 

The current support in the monthly chart stands at around $5.65 where if the resistance zone is broken then the hope of a price recovery will be nonexistent in the short term. 

Conclusion 

However, in the long term, it all depends on the development process of the WorldCoin project where if the development is successful, then there is potential for this coin to go up even more, especially heading into the predicted bull market of 2025. 

Overall, what can be done as an investor is to watch the development process through the growing number of users as well as integrations with other projects to see how well the project is doing going forward. 

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