The Worldcoin price is down 5% in the last 24 hours to trade at $2.30 as of 7:25 a.m. EST.
Over the past 24 hours, trading volume has increased by 47% to $347 million.
Worldcoin Price Turns Volatile Amid Controversy Relating To OpenAI Management
Worldcoin price has experienced massive volatility over the weekend around news about co-founder Sam Altman and his removal as CEO of OpenAI. Its board said there was a lack of communication transparency and doubts about his leadership capabilities.
— Lookonchain (@lookonchain) November 20, 2023
The move spurred an uprising from the OpenAI stakeholders, including investors like Microsoft. Together, they advocated for the reinstating of Altman as CEO. There were reports of a possible comeback for Altman as the CEO at OpenAI, provoked by investor pressure to reverse his unexpected exit.
wtf wtf wtf
— Meet Kevin (@realMeetKevin) November 20, 2023
The situation has culminated in Altman joining Microsoft, coming in to lead a new advanced AI research team, according to an X post by Microsoft’s CEO, Satya Nadella.
We remain committed to our partnership with OpenAI and have confidence in our product roadmap, our ability to continue to innovate with everything we announced at Microsoft Ignite, and in continuing to support our customers and partners. We look forward to getting to know Emmett…
— Satya Nadella (@satyanadella) November 20, 2023
Former OpenAI president Greg Brockman, and other former OpenAI employees, are joining this research team.
Worldcoin Price Outlook Amid Management Tussle At OpenAI
Worldcoin price is on a steady uptrend, despite managerial tussle at its founding company, OpenAI. It continues to consolidate within an ascending parallel channel. As long as the price remains bound within the confines of this technical formation, WLD holders will keep recording profits.
Increased buying pressure above current levels could see the Worldcoin price break above the channel’s upper boundary at $2.600. This boldly attempts to reclaim its all-time high of $5.290 recorded on July 24. Such a move could constitute a 120% climb above current levels.
For a confirmed move north, however, Worldcoin price must record a decisive three-day candlestick close above #2.317, which is the mean threshold of the supply zone extending from $2.189 to $2.430. Confirmation of this will occur once WLD market value tags $2.600, suggesting buying strength has overcome the supply barrier represented by the supply zone.
The Relative Strength Index (RSI) remains above the 50 level, supporting the bullish thesis. Its position at 66 shows there is still room north. Also, the Awesome Oscillators (AO) indicators are in positive territory, bolstering the case for the bulls.
It is worth noting that the Worldcoin price continues to enjoy strong support downward, with the trajectory of the Exponential Moving Averages (EMAs) to the north showing more bulls are still coming in.
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