Worldcoin (WLD) price surges amid AI cryptocurrency buzz
Worldcoin (WLD) price experienced a remarkable surge from February 5 to 19, reaching an all-time high since its introduction to the market in August last year. This impressive growth can be attributed to the buzz around AI cryptocurrencies. However, as the AI theme starts to lose momentum, the ‘buy the rumor sell the news’ scenario continues to influence the AI token market.
Ethereum (ETH) is responding to a sell signal on the Relative Strength Index (RSI), suggesting a potential 5% price drop to the $2,770 support level. This aligns with the midline of the ascending parallel channel, further reinforcing the bearish outlook. The diminishing MACD histogram bars and the topped-out MACD deviating south also reinforce this downward trend for ETH.
On the other hand, Bitcoin (BTC) has witnessed significant growth since October, attracting the attention of various investors, including MicroStrategy. MicroStrategy’s consistent BTC acquisitions have positioned it favorably for potential inclusion in the S&P 500, as it meets the necessary listing criteria.
Investors should note that the information provided on these pages contains forward-looking statements and carries inherent risks and uncertainties. It is important to conduct thorough research before making any investment decisions. Investing in open markets involves risks such as financial losses and emotional distress, and individuals are solely responsible for these risks, losses, and costs.
It’s worth noting that the views and opinions expressed in this article do not necessarily reflect the official policy or position of FXStreet or its advertisers.
Analyst comment
Positive for Worldcoin (WLD) as it experienced a remarkable surge, reaching an all-time high. However, the market may be influenced by the ‘buy the rumor sell the news’ scenario. Negative for Ethereum (ETH) as it responds to a sell signal with a potential 5% price drop. Bitcoin (BTC) has significant growth and potential inclusion in the S&P 500 due to MicroStrategy’s acquisitions. Investors should conduct thorough research and be aware of the risks involved.
