๐ WAN Analysis โ RSI Near Oversold, Breakdown or Bounce? ๐
๐ WAN is under pressure, dropping -5.03% in the last 24 hours. As a trending altcoin, itโs now testing key support levels with RSI nearing oversold territory and volume showing mixed signalsโsetting up a potential inflection point.
๐ Technical Analysis
- Short-term trend: Bearish continuation
- Support: $0.1065 (24h low)
- Resistance: $0.1250 (24h high), $0.1335 (chart high)
- Pattern: Breakdown with lower highs and weak candle bodies
- Volume: MA(5) > MA(10), but overall declining momentum
- RSI: 32.41 โ Approaching oversold zone, possible bounce setup
- Outlook: Bearish with bounce potentialโwatch RSI and volume
๐ฐ Market Data & News
- Price: $0.1151
- 24h Change: -5.03%
- Volume: 14.53M (WAN), 1.66M (USDT)
- No major headlinesโtechnical drift
๐ Scenario Breakdown
- Bullish Case: RSI bounce and reclaim of $0.1250 could trigger move toward $0.130โ$0.133
- Bearish Case: Breakdown below $0.1065 may open path to $0.100โ$0.095 zone
๐ Sentiment Meter
๐ Bearish Bias โ Sellers in control, weak volume
โ ๏ธ Risk Level
๐ด High โ Volatile price swings, weak support, unclear trend
Will WAN bounce from $0.106 or continue sliding? Share your thoughts below ๐
๐ This trade is part of a bigger pictureโclick the chart and take your position. Letโs build long-term success, one setup at a time. ๐ฌ Like, Follow & Share to stay ahead of the curve.
๐ข Reminder: This is educational content. No guarantees, no adviceโjust charts, data, and perspective.