Worldcoin (WLD) seems to be gearing up for a possible increase in price. After showing signs of improvement for more than a fortnight, WLD has not only formed a potential bottom but has also given a signal to buy, indicating a positive outlook for its future. This begs the question - what price levels should we be keeping an eye on in the upcoming phase for WLD?

Worldcoin's price reached an all-time high of $11.99 on March 10 before entering a downward trend. Nevertheless, recent developments hint at a potential reversal for this cryptocurrency.

The recent low points and highs of WLD suggest the formation of a double bottom setup, indicating a forthcoming shift in the market sentiment. Notably, the recent low on April 27 was higher than the previous low, garnering attention from investors.

Worldcoin has shown additional evidence supporting a potential reversal. Indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO) are displaying higher lows, suggesting an exit from the oversold territory. Previous instances of such patterns resulted in substantial rallies. Also, the AO moving above the zero line indicates the end of the downward momentum and the beginning of a bullish phase.

To kickstart an uptrend, WLD must overcome the declining trend line and surpass the $5,620 resistance level, signaling the start of an upward movement. If successful, the AI-driven altcoin could target $6,709 and higher.

As upward momentum continues, WLD's price may stabilize between $6,709 and $8,557. It becomes crucial for a clear trend to emerge by breaking out of this range, prompting investors to closely follow the potential reversal and adapt strategies accordingly.

Noteworthy is American tech company Nvidia's role in the rise of WLD. Nvidia's work with Graphics Processing Units (GPUs) has been instrumental in advancements in artificial intelligence. Recent developments in Nvidia's stock prices, which saw a 500% increase since 2023, signal strong potential. Moreover, the launch of OpenAI's GPT-5 model could have a significant impact on the future of WLD, especially given the involvement of Sam Altman, founder of OpenAI and Worldcoin.