Worldcoin (WLD) Plunges 13% as Open AI Drive Sam Altman Out

Coin Edition
Coin Edition

18 Nov 2023 10:49 AM

The price of WLD decreased as its co-founder was subject to a forced layoff. In this article, Coin Edition discusses the effects on WLD....

  • The price of Worldcoin (WLD) fell to $1.85 after the AI firm OpenAI fired its CEO, Sam Altman.
  • The selling pressure caused a 13.21% decrease in the last 24 hours.
  • OpenAI cited Altman's lack of candor with the board as the reason for his removal.
  • The WLD/USD 4-hour chart shows a bearish market structure and the Relative Strength Index (RSI) indicates oversold conditions.
  • If the RSI hits 30.00, a reversal in the upward direction could occur, depending on buying pressure.
  • The Accumulation/Distribution (A/D) indicator suggests a rise in selling pressure, potentially causing WLD to drop to $1.65.
  • Altman has been replaced by Mira Murati as interim CEO, and Greg Brockman has stepped down from the board.

The sentiment in the article is mostly negative, as it discusses the firing of the CEO and the decrease in the price of Worldcoin.

Go to publisher site

You May Ask

Why did the price of Worldcoin (WLD) fall?Who was the CEO of OpenAI and what led to his removal?What indicators suggest a potential reversal in the price of WLD?Who has been appointed as the interim CEO of OpenAI?

Suggested Reads