Wormhole Chart Analysis.
So far this week, many cryptocurrencies in
the altcoin market have reached new
milestones and attracted attention with an upward trend.
Wormhole (W).
the altcoin projects that have
achieved the highest gains in the past
seven days. What do the chart analyses
say for these altcoins? Let's examine
together.
The value of Wormhole's native token W increased by 30% in the past seven days. During this period, the token's daily trading volume also saw a significant increase. For example, at the time of publication, W's trading volume reached $238 million, the highest level in 30 days.
W's positive Chaikin Money Flow (CMF) supports the above point, confirming the increase in capital flow into the W market. As of the time of writing, the indicator's value was 0.03. If this continues, W could trade at $0.68, but if invalidated, it will drop to $0.63.
