🚨$WRX WRX/USDT Takes a 21.96% Hit: What’s Next for WazirX? 🔍

Current Price: $0.0423 (-21.96%)

24H High: $0.0689

24H Low: $0.0333

WRX has experienced a significant decline, dropping over 21% in the last 24 hours. After hitting a low of $0.0333, the token is attempting a slight recovery, trading at $0.0423. With increased volatility, traders are watching closely for potential support and resistance zones.

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Market Insights

🔹 Support Levels: The key level to hold is $0.0333. A failure to hold could signal further downside toward $0.0300.

🔹 Resistance Levels: For any recovery, WRX needs to break above $0.0455 to regain momentum, with further resistance near $0.0500.

🔹 Trading Volume: Over 261M WRX traded, indicating heightened activity amid the sell-off.

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What Should Traders Watch?

1️⃣ For Bulls:

Look for a bounce off $0.0333 with increased volume to confirm a potential recovery.

Monitor if WRX can break above $0.0455 for further upside opportunities.

2️⃣ For Bears:

A rejection near $0.0455 could indicate further bearish pressure.

Watch for a break below $0.0333 for continuation to lower levels.

3️⃣ Risk Management:

Use tight stop-loss levels to mitigate risk in this volatile environment.

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Key Takeaway

WRX is navigating through turbulent waters, but the current levels may present opportunities for both short-term traders and long-term investors. Stay vigilant and trade cautiously as the market digests this sharp move.

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