📊 Wormhole (W) Technical Analysis
W is currently trading inside a massive falling wedge on the 7-day chart — a bullish pattern that has been building since April 2024.
🔹 Price is now testing the wedge resistance and EMA-21 (red line). A breakout above this confluence zone could trigger a major bullish reversal.
🔹 The key resistance lies at $0.42–$0.45 — a zone that previously acted as a double top.
🔹 Strong support exists between $0.05–$0.064, where price has consistently bounced in the past.
📈 Bullish Targets on Breakout:
✅ $0.80
✅ $1.20
✅ Long-term: $1.80 – $2.00
📉 If rejected, the price could revisit the support zone near $0.045–$0.05, which historically holds strong.
If W breaks out of the wedge and the EMA-21, it could start a massive uptrend. Breakout confirmation is key. Watch this closely.