Worldcoin (WLD) Price Ready to Defend $1 Support as Project Operations Begin in the US

Key Takeaways

• Worldcoin has launched its World ID Orb in U.S. cities, including Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco.
• Coinbase has announced support for WLD on the Optimism network, potentially increasing liquidity and market volume.
• The Average Directional Index (ADX) reading of 32.68 signals strong directional movement, favoring a price increase.

Worldcoin (WLD) successfully held above the $1 mark on Wednesday, following its long-awaited launch in the U.S. Since debuting in 2023, the project has expanded its digital identity initiative across Asia, Europe, and Africa.

Entering the U.S. market marks a major milestone for the cryptocurrency. However, despite the significance of the news, WLD’s price didn’t see a substantial boost.

Still, the altcoin managed to cling to the $1 level. So, what’s next for Worldcoin after this key development?

Worldcoin Expands with U.S. Launch, Price Stable

According to the April 30 disclosure, Worldcoin mentioned that it has launched the World ID Orb in six U.S. states: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco.

In the blog post, the Sam Altman-led project revealed that its decision to expand into the U.S. was driven by the country’s leadership in Artificial Intelligence innovation.

“Americans can now verify their World ID beginning in six key innovation hubs (Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco), access the complete World App experience, and claim the Worldcoin (WLD) airdrop,” The blog post emphasized .

From a technical perspective, the daily chart shows that WLD has broken out of the descending triangle. Amid this rise, the price has climbed above the 20-day Exponential Moving Average (EMA).

The surge above the 20 EMA (blue) indicates strong support for the cryptocurrency. The Awesome Oscillator (AO), whose reading is above the zero line, supports this move.

The AO position indicates bullish momentum around Worldcoin’s price. If the trend remains the same, WLD is unlikely to drop toward horizontal support at $0.60.

Coinbase Lists WLD

The U.S. launch was accompanied by Coinbase announcing its support for trading WLD on the exchange.

“Coinbase will add support for Worldcoin (WLD) on the Optimism network. Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established trading on our WLD-USD trading pair will launch in phases,” The exchange noted via X on April 30.

Price-wise, the support from Coinbase implies that Worldcoin’s trading volume might increase. If this happens, with WLD staying above $1, the price might surge in the short term.

WLD Price Analysis

Looking at the daily chart again, the green line of the Supertrend is positioned below Worldcoin’s price. This position indicates a bullish sign, indicating that WLD’s market value might rise higher in the short term.

In line with this bias, the Average Directional Index (ADX) reading has climbed to 32.68, which indicates strong directional upward movement.

If this continues, the WLD’s value might rise to $1.95 at the 0.618 Fibonacci level.

However, if buying momentum fades, this prediction might not come true. Instead, the Worldcoin price might decline below the horizontal support and hit $0.57.