🔍 WAN Analysis – RSI Breakdown at Multi-Month Low 🔍
🔗 WAN (Wanchain), a DeFi interoperability token, is down 3.85% to $0.1124. After failing to hold its mid-range support, it’s now testing a critical zone with RSI flashing oversold signals.
📈 Technical Analysis
- Short-term trend: Bearish
- Support: $0.1120
- Resistance: $0.1188
- Pattern: Breakdown from consolidation, steep drop toward $0.1065
- Volume: 828K – rising during sell-off
- RSI: 25.41 – oversold, but not yet reversing
- MA(5): 588K vs MA(10): 779K – short-term average declining
- Outlook: Bearish, with potential for short-term relief if RSI reacts
📰 Market Data & News
- Price: $0.1124
- 24h Change: -3.85%
- No major headlines or listings reported
🔄 Scenario Breakdown
- Bullish Case: RSI bounce and volume recovery could push price toward $0.1188
- Bearish Case: Breakdown below $0.1120 confirms continuation toward $0.1065
📊 Sentiment Meter
📉 Bearish Bias – Sellers in control, weak volume
⚠️ Risk Level
🔴 High – Volatile price swings, weak support, unclear trend
Will WAN recover from $0.1120 or break toward $0.1065? Drop your take below 👇
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📊 All views shared are for educational use. Crypto is volatile—do your own research before trading.
WAN #TheCryptoMalik
