Worldcoin Price Nears $1 After OpenAI–GSA Deal, But Trading Volume Slips

Sean Williams
Worldcoin (WLD)

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Key Takeaways:

  • OpenAI’s GSA deal lifted WLD price by 3%, nearing the $1 mark.
  • Trading volume dropped on Binance and OKX but rose on Coinbase.
  • WLD faces resistance at $1.02–$1.10, with support near $0.86.

Worldcoin (WLD) briefly rallied 3% on August 6 following a landmark OpenAI–GSA partnership, but resistance near $1 remains firm as momentum weakens.

OpenAI–GSA Partnership Boosts Sentiment

Worldcoin price rose 3% to $0.97 on August 6, flirting with the psychological $1 mark after OpenAI, co-founded by Sam Altman of Worldcoin, announced a major partnership with the U.S. General Services Administration (GSA). Under the new “OneGov” initiative, ChatGPT Enterprise will be rolled out across all federal agencies for a symbolic fee of $1, marking a milestone in U.S. public-sector AI adoption.

The GSA confirmed the collaboration aligns with the White House’s “America’s AI Action Plan.” Sam Altman said the deal enables “ChatGPT access to the entire federal workforce,” reinforcing OpenAI’s leadership role in government AI integration.

Volume Falls Despite Price Bounce

While the announcement lifted market sentiment, WLD’s intraday trading volume saw notable declines across major exchanges. Data from Coinglass shows a $22.3 million drop on Binance and multi-million declines on OKX and Bybit. This suggests that while the news triggered a price reaction, liquidity quickly faded—potentially due to profit-taking or cautious sentiment among international traders.

Conversely, trading volume on Coinbase—home to a large U.S. user base—increased by $1.6 million, signaling stronger domestic investor interest tied to the government-AI narrative.

Technical Outlook: Resistance at $1.10, Support at $0.86

At the time of writing, WLD was trading at $0.96, consolidating near the midline of its Bollinger Bands, which stands at $1.02. A decisive breakout above this level could target the upper band around $1.33. However, the MACD remains in bearish territory, with only slight divergence between the MACD and signal lines, indicating no clear bullish confirmation yet.

Also Read: Worldcoin Price Drops 22% as OpenAI’s $8.3B Raise Sparks Weekend Rebound Hopes

Support lies at $0.86, the lower Bollinger Band, but higher lows over the past three sessions point to sustained buyer interest.

While the OpenAI–GSA partnership sparked a short-term rally in Worldcoin, technical resistance and falling global trading volumes suggest caution. A sustained move above $1 will likely require broader market participation beyond U.S.-based platforms.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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