OpenAI Plans Bot-Free Social Media Platform
- Price Surge: Worldcoin (WLD) spiked 40% on Wednesday following news of OpenAI's plans for a bot-free social media platform, rising from $0.45 to $0.63, although it later pulled back to $0.54, indicating strong market interest in the initiative.
- Platform Development: OpenAI is assembling a small team of around 10 people to develop a “humans-only” social media platform aimed at competing with existing services, with development reportedly starting in early 2025, highlighting the company's commitment to innovative social experiences.
- Identity Verification Technology: The platform is expected to utilize Apple’s Face ID or the World Orb eyeball scanner for “proof of personhood,” which not only ensures user authenticity but may also enhance user trust in privacy protection, increasing the platform's appeal.
- Content Generation Integration: OpenAI's ChatGPT is anticipated to be integrated with the new platform to assist users in creating content such as videos and photos, a strategy that not only enhances user experience but could also provide new use cases for WLD.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000599 | 0.00000893 | 0.0000115 | 0.0000145 | 0.0000171 | 0.00002 | 0.0000226 |
| Fibonacci | 0.00000893 | 0.0000111 | 0.0000124 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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