W Crypto Development Activity Analysis

Summary

1 Despite this bearish trend, signs of a potential recovery have emerged on the daily chart, with the price holding at a crucial support level.

2 The W crypto has seen an increase of 6.27% in the past 24 hours and is traded at $0.5775 at this moment of writing.

The W crypto (Wormhole) has been in a devastating fall and bearish trend, and the chart showcases the strong dominance of bears. Likewise, the W crypto chart showed this week’s decline of -45.51% and this month’s of -62.36%, respectively.

However, the W crypto has revealed a sign of possible recovery coming soon on the daily chart, as the price showed sustenance gestures at a possible crucial support level of around $0.45500 on the chart.

W crypto may experience a significant surge from its current support level. That’s because the bulls are ready to break through the resistance level and could soar to new heights from the current support zone.

Currently, the W crypto has seen an increase of 6.27% in the past 24 hours and is traded at $0.5775 at this moment of writing.

Therefore, if the demand for the W price increases from the current support, it could bounce back remarkably. The next target for the price could be to reach $0.9000 and $1.1600.

In case the price value of W crypto is unable to remain above the level of $0.45500, it may experience a further decrease.