Worldcoin (WLD) Set to Surge Following Nvidia’s Stellar Earnings Report

<ul>
  <li>The price of Worldcoin (WLD) is anticipated to increase following Nvidia's earnings announcement today, after a week of consolidation.</li>
  <li>Nvidia (NVDA) has recently garnered attention with its strong earnings, significantly affecting the market for AI-based altcoins like WLD.</li>
  <li>This development could serve as a crucial catalyst for WLD’s price surge if it surpasses expectations.</li>
</ul>
<p><strong>Discover how Nvidia's earnings could impact Worldcoin's price and what it means for investors in the volatile crypto market.</strong></p>
<h2><strong>How Linked are Worldcoin and Nvidia?</strong></h2>
<p>In its previous earnings report, Nvidia’s earnings per share surpassed analysts’ estimates by 12.34%. This unexpected rise notably impacted AI coins, especially Worldcoin, which saw prices increase up to 50% between February 21 and 22. Similarly, a 19.4% positive surprise in Nvidia’s November earnings report led to a roughly 20% rise in Worldcoin from its daily low. If Nvidia’s actual earnings once again exceed projected figures, AI tokens, particularly WLD, might experience significant value hikes.</p>
<h3><strong>What’s the Outlook for WLD Price?</strong></h3>
<p>Worldcoin’s price has declined by 69% from its all-time high of $11.97 on March 10, consolidating between $4.59 and $5.24 over the past week. The weekly support level of $4.59 has boosted WLD by 7%, with the current trading value at $5.07. Nvidia’s imminent earnings could potentially turn the $5.24 level into a support point, breaking away from the current price range. This could propel WLD to rise by up to 20%, aiming for the next daily resistance level of $6.30 from May 13. However, the surge might stall around the psychological mark of $6.</p>
<h3><strong>Key Takeaways for Investors</strong></h3>
<p>
• Nvidia’s earnings exceeding expectations could drive WLD’s price up to $6.30.<br>
• A weaker-than-expected report may cause WLD to fall below $4.59, with the potential to drop further to $4.20.<br>
• Closing below $4.20 could trigger a 9% decline toward $3.69, invalidating the bullish outlook.
</p>
<h3><strong>Conclusion</strong></h3>
<p>If Nvidia’s earnings report falls short, WLD could face a downward trend, possibly dropping to $4.59. This could trigger a 10% drop to test the weekly support level at $4.20. If the broader crypto market remains positive, this may present a buying opportunity for investors. Conversely, if Worldcoin closes below $4.20, it could signify market weakness, potentially leading to a 9% correction towards the April 13 low of $3.69.</p>