$W - 💥💥💥 #Wormhole
The W/USDT chart shows a strong appreciation in the last 24 hours (+21.59%), with the current price at 0.0901.
📈 Resistances (peaks):
• The first relevant point is at 0.0916, where there has been recent congestion.
• The second strong peak is at 0.1053, the maximum of the period. If broken with volume, it could open space for new highs.
📉 Supports:
• The immediate support is at 0.0838, a previous consolidation level.
• The next stronger support is 0.0761, an area where the price has held several times.
• The relevant bottom at 0.0701 serves as critical support.
🔎 Indicators:
• The moving averages (7, 25, and 99 periods) are approaching crossovers, signaling a possible upward trend.
• The RSI(6) at 68.7 indicates slight overbought conditions, suggesting caution for entries now.
• The significant increase in volume reinforces the strength of the movement.
➡️ Scenario: the asset shows buying strength, but there may be a correction before a new impulse.
