Wormhole Weekly Analysis
Wormhole (
WUSDT ) has corrected around 34% over the past week, making it the top loser. Wormhole is a leading interoperability platform that supports multichain applications and bridges at scale.
As a newly listed coin, there isn't enough price action to analyze from the chart. The $0.778 level is a crucial resistance where Wormhole has faced rejections. The bearish market conditions have pushed Wormhole into a downward trajectory, reaching a low of $0.366. Currently, Wormhole is trying to establish resistance at this level, but if the bearish trend continues, further declines are likely.
On the daily time frame, oscillators show a neutral signal, while the moving average indicates a strong sell. In the weekly time frame, oscillators are very bullish, but the moving averages continue to suggest a strong sell.
WUSDT ) has corrected around 34% over the past week, making it the top loser. Wormhole is a leading interoperability platform that supports multichain applications and bridges at scale.As a newly listed coin, there isn't enough price action to analyze from the chart. The $0.778 level is a crucial resistance where Wormhole has faced rejections. The bearish market conditions have pushed Wormhole into a downward trajectory, reaching a low of $0.366. Currently, Wormhole is trying to establish resistance at this level, but if the bearish trend continues, further declines are likely.
On the daily time frame, oscillators show a neutral signal, while the moving average indicates a strong sell. In the weekly time frame, oscillators are very bullish, but the moving averages continue to suggest a strong sell.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.