Worldcoin (WLD) trading activity increased today after reports that OpenAI is developing a biometric human-verified social network. The move followed renewed attention on World’s identity technology and appeared on the WLD/USDT pair on Binance.
Forbes reported Jan. 28 that OpenAI is exploring biometric verification using World’s Orb or Apple Face ID to ensure users are human, not bots. OpenAI declined to comment on timing. Biometric identity systems face privacy and regulatory scrutiny in several jurisdictions. Worldcoin is developed by Tools for Humanity, co-founded by OpenAI CEO Sam Altman.
According to chart analysis from market analyst Pipfessor, a liquidation sweep above prior highs was quickly rejected by Worldcoin, but then recovered. This changes the short-term structure of WLD into a conditional recovery.
Support Zone Provides Opportunity to Buy
According to the TradingView chart shared by Pipfessor, the breaker zone for WLD provided a confluence of a rising trendline and a broken resistance area. If support is maintained in that area, it may create a strong recovery opportunity for WLD.
Also Read | Worldcoin Price Analysis: Is $1.20 Within Reach for WLD?
A Momentum Reset
On the 4-hour TradingView chart, WLD is currently trading just below its 50-period exponential moving average. Price interactions with the EMA often define the short-term trend direction.
Therefore, a sustained hold above the 50-period EMA will support continuation attempts for the trend direction. According to the TradingView price data, WLD was trading around $0.49 at the time of chart capture.
The RSI indicator is reading neutral at the 50 level. Neutral momentum indicates that there is no overbought pressure and allows for potential directional expansion.
Source: TradingView
Increased Derivatives Participation
CoinGlass futures dashboard data indicate that WLD derivatives volume rose sharply within 24 hours. Additionally, Open Interest rose by more than 50% over the same timeframe.
An increase in open interest during a support reaction can signal that new positions are being taken in anticipation of a trend reversal. The short-long ratio remains nearly balanced.
However, Binance account ratios display a small lean towards long. The mixed positioning on the short-long ratio reduces crowding risks when there is a breakout trade.
Source: Coinglass
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