continued to trade in a consolidation range
Wormhole price has illustrated a slight bull presence this week after a long decline, with a surge of around 2.06% this week from the support of $0.3185. At press time, the Wormhole (W) price has traded at $0.35, and its Market value stands at $639.28 Million.
At press time, the W has been trading at the daily charts lowest levels. Since the April 3rd, 2024 peak price of $1.80, the price has been deteriorating and has formed a support at $0.5312 by Mid-April 2024.
Thereon, the price continued to trade in a consolidation range from mid-April to mid-June for almost two months, then bear pressure increased more, and the price fell deeper, up to $0.3185.
In the last couple of sessions, it has shown some bulls presence, and if the price rises, then it could reach up to $0.5313 resistance. On the contrary, if the bearishness continues, then the price could plummet more, as well.
Indicator: the crypto has been showing mixed signals, with the 50-day EMA pushing W below and RSI recovering from oversold at 38.06, while MACD showed a bullish cross in negative territory below the zero line.
At press time, the W has been trading at the daily charts lowest levels. Since the April 3rd, 2024 peak price of $1.80, the price has been deteriorating and has formed a support at $0.5312 by Mid-April 2024.
Thereon, the price continued to trade in a consolidation range from mid-April to mid-June for almost two months, then bear pressure increased more, and the price fell deeper, up to $0.3185.
In the last couple of sessions, it has shown some bulls presence, and if the price rises, then it could reach up to $0.5313 resistance. On the contrary, if the bearishness continues, then the price could plummet more, as well.
Indicator: the crypto has been showing mixed signals, with the 50-day EMA pushing W below and RSI recovering from oversold at 38.06, while MACD showed a bullish cross in negative territory below the zero line.
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