The anticipated rise in Worldcoin's (WLD) value is closely tied to the outcome of Nvidia's earnings report, set to be revealed today. Nvidia's recent financial success has sparked interest in AI-based cryptocurrencies like WLD, potentially setting the stage for a surge in WLD's market value. Should Nvidia's earnings exceed expectations, it could serve as a significant catalyst for an upswing in WLD's price trajectory.

The correlation between Nvidia's financial performance and Worldcoin's market behavior is evident in past instances. During Nvidia's previous earnings announcement, their earnings per share outperformed analysts' forecasts by 12.34%, triggering a notable surge in AI coins, particularly Worldcoin, which experienced a price spike of up to 50% within a short timeframe. A similar pattern emerged earlier when a positive surprise of 19.4% in Nvidia's earnings propelled Worldcoin's value by approximately 20% from its daily low. Should Nvidia once again surpass projected earnings, the ripple effect on AI tokens, specifically WLD, could result in significant gains.

Despite Worldcoin's price plummeting by 69% from its peak of $11.97 on March 10, recent stability has seen it oscillating between $4.59 and $5.24 over the past week. The $4.59 support level played a pivotal role in driving WLD up by 7%, positioning the current trading price at $5.07. As Nvidia's earnings report looms, the $5.24 threshold may evolve into a new support base, potentially breaking the current price range. In such a scenario, investors could witness a surge in WLD of up to 20%, setting sights on breaching the next daily resistance level of $6.30 from May 13. However, this upward momentum might encounter resistance around the psychological barrier of $6.

Conversely, a disappointing earnings report from Nvidia could trigger a downward trend for WLD. Such a downturn might push the AI-based altcoin towards a lower level like $4.59, with the possibility of breaching this mark and testing the weekly support level of $4.20, potentially resulting in a 10% decline. In a positive broader crypto market environment, this level could present an attractive opportunity for investors to accumulate WLD.

A closure of Worldcoin's price below the weekly support of $4.20 could signal market fragility, potentially leading to a lower low on longer time frames, undermining the bullish outlook. In such a scenario, WLD might face a 9% correction towards the April 13 low of $3.69. In essence, the trajectory of Worldcoin's value is intricately linked to Nvidia's earnings report, with a strong performance likely to drive substantial gains and a lackluster report potentially triggering a downturn. Investors are advised to closely monitor Nvidia's financial results to gauge the potential impact on WLD's market dynamics.