$WRX /USDT: Monitoring Token Faces Short-Term Downtrend

Price: $0.203 (-5.54%)

24h High: $0.2253

24h Low: $0.1815

Volume Breakdown:

24h Volume ($WRX ): 10.66M

24h Volume (USDT): $2.16M

Key Moving Averages:

MA (7): $0.2236

MA (25): $0.1757

MA (99): $0.1362

Market Insight:

WRX has dropped significantly from its 24h high of $0.2253 to the current $0.203. The short-term trend is bearish, with the price below the 7-day moving average of $0.2236, signaling further downside potential. However, there is strong support around $0.1815, which could act as a reversal zone.

Trade Focus:

Upside Potential: $0.2200 - $0.2400

Support Level: $0.1815 - $0.1750

Look for potential price action near the support zone for a possible bounce back.

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