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WLD price primed for recovery as Worldcoin eyes possible partnership with PayPal and OpenAI

Source Fxstreet

Worldcoin looks to collaborate with PayPal and OpenAI to meet community where identity verification and financial technology intersect.
Additional plans include launching its open-source blockchain, World Chain, after successful integration with Okta’s cybersecurity authentication service.
WLD price remains down 4% on Thursday and nearly -45% in April.

Worldcoin (WLD) price is trading with a bearish bias on Thursday, conforming to the broader market gloom as AI crypto coins and meme coins alike bleed in the aftermath of the Bitcoin (BTC) price dump. The dump for WLD price comes despite the network’s plans to partner with established players in the industry, but the governing chart pattern hints that all is not over for the token.

Also Read: Worldcoin looks set for comeback despite Nvidia’s 22% crash

Worldcoin plans collaborations with PayPal and OpenAI

Worldcoin, Sam Altman’s iris-scanning project that falls under the Tools For Humanity umbrella, is planning a collaboration with PayPal and OpenAI. Fortune reports that Alex Blania, the CEO of Tools for Humanity, indicated possible collaborations with OpenAI. He also alluded to ongoing conversations with PayPal, but tangible developments on the matter remain undisclosed.

FORTUNE: Sam Altman’s Worldcoin eyeing partnerships with PayPal and OpenAIhttps://t.co/8HybS3a9OH
— Tree News (@News_Of_Alpha) April 25, 2024

The move is part of Worldcoin’s plans to partner with established players in the industry and solidify its presence in the market. So far, other standing collaborations include with cybersecurity firm Okta, bringing the company’s authentication service within Worldcoin’s reach.

Highlighting its commitment to innovation and collaboration, integration with PayPal and OpenAI would demonstrate the vision to establish itself where identity verification and financial technology converge. Users would experience a secure, decentralized identity and financial network in a volatile market that is also constrained by tough regulatory restrictions.

Meanwhile, the project remains the subject of controversy in different jurisdictions over privacy, data harvesting and regulatory restrictions. After issues with the US, Europe and African authorities, the Worldcoin Foundation recently announced World Chain will be a permissionless, open-source Layer-2 (L2) blockchain due for launch in mid-2024.

World Chain will expand integration with the Worldcoin protocol while at the same time incentivizing users with a World ID.

It would take big news to move the Worldcoin price to the upside, just as it would for the case of BTC. For now, WLD suffers the same fate as its peers in the AI crypto sector. Its peers, including Near Protocol (NEAR), Render (RNDR), SingularityNET (AGIX), Injective (INJ) and Fetch.ai (FET), are suffering from bearish sentiment spilling over from the BTC market.

Worldcoin price coils up for a breakout

Worldcoin price is trading with a bearish bias, not only suffering overhead pressure from the 20- and 50-day Simple Moving Averages (SMA), but also technical indicators that suggest bearish sentiment in the market.

The Relative Strength Index (RSI) remains subdued below the 50 mean level. However, a closer look shows that the RSI has recorded higher lows relative to equal lows on the WLD price, interpreted as medium bullish divergence. This coupled with the bullish crossover on the Moving Average Convergence Divergence (MACD) suggests brewing upside potential.

Bullish momentum could push WLD price out of the upper boundary of the falling wedge pattern. This technical formation hints at a reversal of a downtrend, with a break above the resistance level signaling the opening of a long position.

While the $7.15 level will be a key level to watch, confirmation of further upside will only occur after the RSI flips above the mean level of 50 and the MACD forays into positive territory to show that bulls have taken over the market.

WLD/USDT 1-day chart

Conversely, if bearish momentum increases, WLD price could roll over below the immediate support at $4.39 before testing the 200 SMA at $4.16. This would produce a lower low, invalidating the bullish thesis, with a possible spiral to $3.26, 32% below current levels.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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Bitcoin Slides 5% as Sellers Lean In — Can BTC Reclaim $88,000?Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000（h3） BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area（h3） If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear（h3） The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish（h3） The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.

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Yesterday 02: 56

Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000（h3） BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area（h3） If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear（h3） The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish（h3） The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.

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Beginners

WLD price primed for recovery as Worldcoin eyes possible partnership with PayPal and OpenAI

Worldcoin plans collaborations with PayPal and OpenAI

Worldcoin price coils up for a breakout

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