WazirX (WRX) Analysis for Trade Decisions

WazirX $WRX is currently trading at $0.105184 (WRX/USD) with a 24-hour trading volume of $65.38M USD and a market cap of $40.17M USD. Its price has increased by 5.14% in the last 24 hours, but the broader trend over the past 30, 60, and 90 days reflects a bearish sentiment. Here’s a deeper dive into the numbers to guide your trading decisions:

📊 Key Metrics:

• 24H Price Range: $0.09366 (low) - $0.131161 (high)

• Circulating Supply: 381.86M WRX

• All-Time High: $5.938524

• 1-Hour Price Change: -9.59%

• 7-Day Price Change: -53.68%

📈 Price Trend Analysis:

Short-Term Outlook: While WRX shows a 5.14% recovery today, its 1-hour decline of 9.59% signals high volatility. This is a critical moment for day traders to closely watch market movements.

Medium-Term Outlook: The 30-day performance (-23.17%) highlights persistent bearish momentum. However, increased trading volume ($65.38M) suggests sustained interest from both buyers and sellers.

Long-Term Outlook: A significant drop from its all-time high of $5.93 reflects broader market conditions. WRX’s potential for recovery may depend on market catalysts and ecosystem updates.

🔍 Trading Strategy Recommendations:

Spot Trading: Traders looking for immediate gains should monitor the price at its daily low ($0.09366) for potential entries and set tight stop losses to manage risk.
🍼Spot Trader: Trade Here 👉$WRX

⚠️ Cautionary Note:

🚨Note: Trade at your own risk, DYOR (Do Your Own Research). Crypto markets are highly volatile and require informed decisions.

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