$WRX Technical Analysis and Target – Binance Update

Current Market Overview

Current Price: $0.2662 (+4.97%)

24H High: $0.2980 | 24H Low: $0.2354

24H Volume: WRX – 59.77M | USDT – 15.91M

Technical Analysis

1. Moving Averages (MA):

MA (7): $0.2531 (short-term trend, bullish crossover)

MA (25): $0.2090 (medium-term, upward trend)

MA (99): $0.1452 (long-term recovery in progress)

The price has successfully traded above the 7-day MA and 25-day MA, signaling a continuation of the bullish momentum.

2. Key Price Levels:

Support: $0.2354 (24H low)

Resistance: $0.2980 (recent high)

Major Breakout Zone: $0.2760–$0.2980

If $WRX manages to hold above $0.2662 and breach the $0.2980 resistance, the next upside targets are:

Target 1: $0.3510

Target 2: $0.3629

Volume & Market Sentiment

Volume Surge: 12.18M WRX traded, reflecting growing investor interest.

The volume spike indicates increasing buying pressure as WRX aims to reclaim its upper resistance levels.

Outlook

$WRX is showing clear bullish momentum with higher lows and increasing volume. A breakout above $0.2980 could confirm a stronger move toward the $0.35–$0.36 range. Traders should monitor $0.2662 as immediate support and volume strength for confirmation of the next leg up.

Short-term Targets:

1. $0.2980 (Immediate Resistance)

2. $0.3510 (Next Upside Target)

3. $0.3629 (Bullish Breakout Potential)

Stop-loss Suggestion: Below $0.2354

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