Worldcoin Falls 22% This Week Amid Market Volatility and OpenAI Fundraise
Worldcoin declined 4% on August 1, totaling a 22% drop over four days. The decline coincided with global market instability and comments from US President Donald Trump criticizing Fed Chair Jerome Powell, following the FOMC announcement.
Despite this bearish trend, OpenAI, co-founded by Worldcoin's Sam Altman, raised $8.3 billion in funding, valuing it at $300 billion. This funding round was led by Dragoneer and included major investors like Blackstone and TPG. OpenAI's annual recurring revenue has reached $13 billion, with projections surpassing $20 billion by year-end.
Historical data indicates that OpenAI's milestones often lead to bullish movements in WLD. Currently, WLD is trading near the lower Bollinger Band at $0.947, down from $1.29. Key technical indicators show:
- Elevated trading volume during the selloff
- Flattening MACD histogram with a potential bullish crossover forming
- Bollinger Bands widening, indicating increased volatility
If WLD maintains above the $0.94 support level and reclaims $1.00, momentum may shift positively. A break above the 20-day EMA ($1.13) would confirm a short-term bullish reversal targeting resistance at $1.29. Conversely, falling below $0.94 could push WLD towards deeper support levels at $0.88 or $0.85.
Overall, recent fundraising by OpenAI could act as a catalyst for WLD, especially given its current oversold condition.
Solaxy ($SOLX) is gaining attention as AI valuation rises, being the first Layer 2 on Solana focused on real-world asset tokenization and offering high staking rewards. Its upcoming mainnet launch and exchange listings are anticipated to boost interest.