The conditions of $W have been extremely negative in the past few hours. The downward trend continues in the coming period, as the selling force maintains a singular control over the price trajectory of $W with the absence of any reaction from the buying force regarding the current decline. It is also expected that the price will record further decreases in the coming hours in the $W market to values lower than 0.106.
The currency $BNB and $KERNEL are likely to resist the collapse towards lower price values in the coming hours by recording significant rebounds in price towards the rise that may contribute to reducing the chances of a sharp decline. $KERNEL
$SHIB is currently experiencing a real struggle between buying and selling power over who will take the lead in the upcoming period. Meanwhile, the price of $SHIB is in a state of equilibrium. The likelihood of a price rebound towards the rise will be witnessed in the market if demand exceeds supply, or the possibility of continuing a downward wave in case the balance is broken in favor of supply. A rebound in the price of $SHIB towards the rise does not mean a change in the overall trend of the market, which remains down in the current situation.
The general trend of the market for $W is still negative in the absence of any noteworthy developments in favor of buying, but the likelihood of the price of $W rebounding upwards is increasing over time. The market for $W may see a price increase in the coming hours as a correction to the current decline in an attempt from the demand area where the price is currently located to reduce the gap that has formed between selling and buying during the past few days.
Coinciding with $W , the $SHIB is currently trying to balance the drop at the 0.00001172 area. The buying and selling forces are approaching equilibrium, with the possibility of buying surpassing selling, which may witness the price of $SHIB rebound upwards in the coming hours.
The price of $W may rise in the coming hours as a rebound due to its collision with a demand area at a level of 0.108. This potential increase in the price of $W will not change anything in the overall direction of the $W market, which remains negative and declining at present.
The price of $W is now testing its strength at support 0.108. This area currently shows some kind of obstruction to the current decline of $W . The obstruction can be seen through the slowdown of the current downward momentum. The price of $W may prepare to rebound towards the upside in the coming hours in response to this area of 0.108.
A new demand zone is forming in the market at $W at 0.109, from which we are likely to see a significant rebound in the price of $W in the coming hours. The rebound will be largely just a correction of the price of $W towards the upside only, and not a reversal towards the upside.
A significant imbalance has formed in the $W market between supply and demand, with the gap skewed towards supply. The gap will be difficult to balance in the upcoming period unless a truly strong demand zone appears that first contributes to stopping the declines that the price of $W has been witnessing for days and reduces the chances of its collapse, and then thinking about how to build a new upward trend in the $W market.
Currently, all demand areas for $W have failed to withstand the pressure of all price declines, and under the same circumstances, the price of $W is likely to suffer further declines in the coming hours. Due to a significant difference between the buying and selling forces in the $W market at this time, selling certainly outweighs demand.
The weakness of purchasing power in the market $W can be seen through the recent price rebounds towards the rise, as there is currently a lack of rebounds in the price of $W and the existing rebounds are very weak towards the rise, indicating the total exhaustion of purchasing energy and the remaining effects are futile and unable to keep up with the selling power present in the market $W for some time.
The instability of the currency $W increases with each new day. Beware of taking any steps to buy. In the current conditions, the market for $W suffers from a complete absence of buying power, accompanied by a lack of resistance and obstruction from the bulls to stop the current price decline or reduce the downward momentum. The market for $W is now entirely in the grip of the bears, and seeing further declines in the price #Wormhole is not surprising in the coming hours.
The current situation is catastrophic in the market of $W , and there is no positive expectation for the currency's direction at the moment. Purchasing power in the market of $W is completely absent, and even if it appears, its impact on the market flow is negligible. In the current situation, selling is the dominant and controlling characteristic of the market, and more collapses in the price of $W to below 0.110 are expected in the upcoming period.
Monitoring remains the best tool in the market $W currently waiting for a rebound for those who consider it a suitable support as an entry point in the hope that $W will rise again to resume its ascent again. $W
At the level of area 0.120, the $W is currently gradually raising the purchasing power in order to balance the selling strength, the effects of which have not completely faded, as evidenced by the time it took the $W to reduce the downward strength. The purchasing forces have not yet reached equilibrium, but indicators show a clear superiority of purchasing at this time at the expense of selling, and the current price stagnation is an attempt by the $W to first erase all traces of the bears from the market and then push the price upward. There will likely be a rebound towards the rise in the coming hours.
Fatigue has begun to consume the drop of $W and the buying strength formed at the level of 0.113 has started to manifest clearly through the slowdown of the downward strength indicated by various indicators. The price reflection of $W that will follow the drop will be to balance the imbalance that occurred between the selling and buying forces in the past hours first, then the net effect of the buying strength will perhaps appear through a further increase in the price of $W in the coming hours.
The price of $SHIB is about to rebound upwards due to the significant buying power shown by the RSI indicator. The same analysis is confirmed by the Bollinger indicator, which at this time illustrates the diminishing momentum of the current decline in the price of $SHIB and the reaching of equilibrium at this moment between buying and selling. The indicators are positive at these moments, confirming the imminent rebound of the decline of $SHIB towards upward.
What will happen soon in the market of $W is the halt of the current price drop due to the emergence of strength at the level of 0.113, which will reverse the trend towards upward movement. The rise that will occur is merely a correction or a rebound for the price of $W as a result of the collision with a demand area that has an impact similar to that which the drop is heading towards in the coming hours. This rebound for the price of $W in the coming hours, if not of strong force, will not change anything in the negative trend that threatens the market in the upcoming period. Recovering from the sharp drop that the price experienced in just two days requires a strong energy reversal to compensate for the imbalance that occurred between selling and buying at the present time.