Altcoin
Elon Musk vs Sam Altman: What’s next for Worldcoin after new lawsuit
Proxy battle between Elon Musk and Sam Altman threatens Worldcoin adoption but the charts speak differently.
- Elon Musk sues Sam Altman over alleged manipulation and deceit.
- Worldcoin token to play a key role in the next bull market cycle.
Elon Musk is suing Sam Altman again, accusing him of deceit and manipulation in changing OpenAI from a ‘non-profit’ to a ‘for-profit’ status.
This shift can cause controversy, but transparency and accountability are crucial, especially in cryptocurrency, where fraud is common.
Here’s a look at how the lawsuit might impact Sam Altman founded Worldcoin [WLD] token’s price.
Different metrics imply WLD’s wallet activity stagnating
A combination of price, transaction volume, active addresses in the last 30 days, weighted sentiment, network growth, and total supply shows that despite Elon Musk suing Sam Altman for alleged deceit in OpenAI’s shift to ‘for profit’ status, WLD wallet activities remain stagnant.
This stagnation might indicate the calm before a potential surge reaching for a new ATH. The token could rise once the market recovers from the crypto recession crash.
The Relative Strength Index shows oversold conditions after bouncing off the 30% level. Decreasing volume bars indicate that selling pressure is waning, which suggests a good time to buy.
The daily candle shows strong bullish sentiment, possibly signaling the right moment for investors to go long on the WLD token.
As we await the outcome of Elon Musk’s lawsuit against Sam Altman, staying informed can help you find the best entry point for a potential rally.
Source: TradingView
WLD chart shows the token will secure the $1.5 support level
You can consider buying WLD on spot trading since the coin has adjusted significantly from its all-time high but remained in the support zone despite the market decline and negative news.
The Worldcoin token is facing challenges as it moves toward the $1.50 support level, with bearish trends continuing.
Read Worldcoin’s [WLD] Price Prediction 2024-25
The breaking of the inclined resistance at 1D allows investors and traders to hope for continued growth after overcoming the mirror resistance.
However, expectations are high for a reversal, with Worldcoin anticipated to play a key role in the next bull market cycle. Historically, it has shown a potential for a 10x gain.
Source: TradingView
