Worldcoin’s Dynamic Surge Redefines Crypto Market Trends

Key Points

1. Worldcoin (WLD) surged 2.53% in 24 hours, nearing the $1 mark, with its market cap reaching $1.8 billion.

2. The 'OneGov' initiative, a collaboration between OpenAI and the U.S. government, provided ChatGPT Enterprise licenses to federal institutions for $1, boosting WLD's price.

3. Despite the price rise, trading volume on major platforms like Binance, OKX, and Bybit dropped by $31 million, indicating short-term liquidity contraction.

4. Technical indicators show WLD trading at $0.97, with potential resistance at $1.02 (Bollinger Band midline) and support at $0.86 (MACD indicator).

5. Coinbase reported a $1.6 million increase in WLD volume, reflecting sustained U.S. demand.