$WAN is currently in a downtrend, with a 24-hour price change of -0.756%.
Trading within a tight range (high of 0.1066 and low of 0.104), suggests lack of volatility.
The Bollinger Bands further illustrate this with bands constricting around 0.1067 and 0.1043.
Strong support at 0.104 might hold, but bearish sentiment keeps resistance at 0.1066 in play.
Macroeconomic factors, including inflation and regulations, are dampening market enthusiasm.
Bitcoin's influence remains undefined, but its potential volatility may indirectly affect WAN's price dynamics.
Short-term traders could capitalize on small fluctuations, while long-term holders might need to wait for a clearer trend reversal.
Key takeaway: Lack of volatility combined with a weak overall trend suggests caution, as WAN oscillates within established boundaries.
