The chart for W Coin demonstrates a potential bullish breakout on the higher timeframes, underpinned by a well-defined descending channel pattern. Technical indicators further support this outlook: the RSI is gradually recovering from oversold conditions, signaling renewed buying interest, while the stochastic momentum oscillator points toward upward movement. That said, the shorter timeframe reveals a consolidation phase with notable resistance at key levels, suggesting temporary bearish pressure. Despite this near-term hesitation, the long-term bullish narrative remains intact, bolstered by strong technical foundations.
The "Others" coin chart displays a bullish flag pattern on the 8-hour timeframe, signifying potential continuation of the upward trend. Indicators like RSI are gradually recovering, supporting bullish momentum in the longer timeframe. Stochastic oscillators indicate a pullback phase, suggesting caution for short-term traders. Overall, bullish for the long term, bearish for the short term.
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This chart shows declining momentum for W coin in the short term, suggesting bearish pressure. However, long-term indicators still favor a bullish recovery phase.
Entry: 0.2844 or Market Price
1st Tp: 0.2968
2nd Tp: 0.3131
3rd Tp : 0.3237
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$W
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