Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Worldcoin price could rally 20% if Nvidia earnings beat estimates

Source Fxstreet

Worldcoin price is likely to rally 20% after a consolidation.
Nvidia's earnings report on Wednesday could catalyze an upside move for WLD.
A daily candlestick close below $4.20 would invalidate the bullish thesis.

Worldcoin (WLD) price is likely to rally after a week-long consolidation catalyzed by Nvidia’s earnings on Wednesday if these exceed estimates. Based on recent history, Nvidia (NVDA) has served as a major market mover for AI-related altcoins, including WLD, which has benefited from the chipmaker’s recent string of good earnings.

Worldcoin fortunes hinge on Nvidia

During the last earnings call on February 21, Nvidia’s earnings per share came in 12.34% higher than what analysts expected. This upside surprise supported AI coins, including Worldcoin, whose price shot up 50% between February 21 and 22.

In November, the 19.4% positive surprise in Nvidia’s earnings report also saw Worldcoin soar nearly 20% from its daily low.

If history repeats, and Nvidia’s actual earnings are higher than the estimated EPS of $5.60, AI tokens, including WLD, could climb higher.

WLD price shows promise

Worldcoin price crashed 69% from its all-time high (ATH) of $11.97 seen on March 10 and has been consolidating between $4.59 and $5.24 for more than a week. The weekly support level of $4.59 has managed to bounce WLD up by 7% to where it currently trades at $5.07.

With Nvidia earnings around the corner, a positive surprise could lead to a breakout from the rangebound movement, flipping the $5.24 hurdle into a support floor. In such a case, investors can expect WLD to rally 20% and tag the next daily resistance level at $6.30 from May 13. But the bounce could be cut short around the $6 psychological level.

On the other hand, if the earnings report is lackluster or misses estimates, the likely direction for WLD is south. This bearish development could see the AI-based altcoin revisit the range low of $4.59. In a dire case, Worldcoin price could breach the said level, triggering a 10% crash to retest the $4.20 weekly support level. This level would be a good opportunity for sidelined buyers to accumulate WLD if the outlook for the overall crypto market remains bullish.

WLD/USDT 4-hour chart

Despite strong technical analysis, if the Worldcoin price produces a daily candlestick close below the $4.20 weekly support, it would denote weakness in the market. This move would create a lower low on the higher time frame and invalidate the bullish thesis. WLD could then trigger a 9% correction to the April 13 swing low of $3.69.

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

Recommended Articles

Meta's AI bill just hit $145 billion — and it issued a new share class to pay for it Meta reported record third-quarter revenue of $64.60 billion, up 26% from a year earlier, and raised full-year 2026 capital expenditure guidance to $135-145 billion from $130-145 billion. To fund that build-out without touching Mark Zuckerberg's voting control, the company announced a 2-for-1 stock split that hands every Class A holder a new non-voting Class C share. Here are the four lines that matter, the peer group that is being re-rated alongside it, and the bull and bear cases.

Author Irene Q.

Oct 22, Thu

Meta reported record third-quarter revenue of $64.60 billion, up 26% from a year earlier, and raised full-year 2026 capital expenditure guidance to $135-145 billion from $130-145 billion. To fund that build-out without touching Mark Zuckerberg's voting control, the company announced a 2-for-1 stock split that hands every Class A holder a new non-voting Class C share. Here are the four lines that matter, the peer group that is being re-rated alongside it, and the bull and bear cases.

The Fed will sit still on October 28 — but 100 of 100 economists now expect a December hike A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Author Irene Q.

Oct 22, Thu

A Reuters poll run October 16-20 found 94 of 100 economists expecting the Fed to hold at 3.75-4.00% on October 28 — and all 100 expecting a hike in December, against less than half a month earlier. The market is close to the same price, with CME FedWatch at roughly 17% for October and 82.8% for December. With the Fed in blackout since October 17, here are the five dates that decide the rest of the year, what each one is priced for, and the two directions each can take.

Gold falls to two‑month low below $4,050 as oil spikes Gold price (XAU/USD) falls to the lowest in more than two months near $4,025 during the early Asian session on Friday. The precious metal faces some selling pressure as escalating tensions in the Middle East send oil surging ahead of a Federal Reserve (Fed) policy meeting.

Author FXStreet

Oct 23, Fri

Gold price (XAU/USD) falls to the lowest in more than two months near $4,025 during the early Asian session on Friday. The precious metal faces some selling pressure as escalating tensions in the Middle East send oil surging ahead of a Federal Reserve (Fed) policy meeting.

Nasdaq closes at 26,008.86 — 8.9 points above 26,000, and the credit market never blinked The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Author Irene Q.

Oct 23, Fri

The Nasdaq Composite fell 2.60% to 26,008.86 on October 22, its worst session since June, as Meta sank 6.98% on 2026 capex guidance of $135–145 billion. But the equal-weight S&P 500 rose 0.73%, high-yield credit was flat and 10-year yields fell 20 basis points. This was an AI de-rating, not a risk-off event — here is the transmission chain, the 29,000 / 28,200 levels and what would prove it wrong.

Brent tops $113 on Saudi supply risk — but the diesel line in the EIA report is the tell Brent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.

Author Irene Q.

Oct 23, Fri

Brent's December contract settled at $113.17 on October 22, up 4.00% and the highest close since May 4, after Saudi Arabia restricted refined-product shipments. The same session's EIA report showed crude stocks down 3.06 million barrels and gasoline down 2.95 million — but distillates built 1.68 million. That single line decides whether $113 holds: here are the data, the 108.8 / 114.0 / 119.3 levels and the two scenarios.

Popular Symbols