Will Wormhole (W) reach 1 in June 2024?

Starting with the daily chart, a comprehensive view of the Wormhole (W) price changes can be seen, with an overall neutral sentiment, and a slight bullish bias observed through multiple indicators.

Oscillators show a stable but mixed outlook. The RSI is currently at 60.25, indicating that the market is in balance, not overbought or oversold.

The Stochastic %K is at 81.83, slightly above the overbought level, and a pullback may be expected. The positive MACD level indicates that the bullish momentum continues. Both the short-term and medium-term moving averages suggest buying, and the recent trend is positive.

The key support levels are located at $0.4744 and $0.3597, which can prevent the price from falling. The resistance levels are located at $0.7406 and $0.8922, which are important barriers to the price increase. The current pivot point is located at $0.6260, which is a key support level.

The RSI on the 4-hour chart is 71.40, indicating overbought conditions, suggesting a possible short-term pullback. However, the MACD level remains in the positive zone at 0.0146, supporting the continued bullish momentum in the short term.

The moving averages on the 4-hour chart reinforce the bullish sentiment. Both the short-term and medium-term moving averages show strong buying, confirming the overall bullish trend.

The 4-hour chart shows support at $0.5721 and $0.5068, and resistance at $0.6893 and $0.7412. The key support area is located at the pivot point of $0.6240.

Combining the analysis of the daily chart and the 4-hour chart, Wormhole (W) has a strong bullish trend. The convergence of positive signals on multiple time frames indicates continued upward momentum. Short-term indicators on the 4-hour chart show that the current overbought conditions may see a small pullback.

If you don’t know what coin to layout at the moment, what should you do in this bull market. Find me by reading the introduction

#wormhole $W