**Wormhole Faces Market Struggles Amidst Broader Crypto Decline**

Wormhole (W) has experienced a significant downturn, losing 3.00% against the US Dollar in the last 24 hours. This decline is part of a broader negative trend, with W/BTC and W/ETH also dropping by 2.99% and 3.49%, respectively. Currently trading at $0.307116, Wormhole is 24.71% below its predicted value for October 14, 2024.

Despite a 53.64% gain over the past month, Wormhole has plummeted by 77.21% year-over-year. The market sentiment remains neutral, with the Fear & Greed index at 49. Key support levels are $0.307097, $0.299918, and $0.289231, while resistance levels are $0.324964, $0.335651, and $0.342830.

The broader cryptocurrency market has also seen a 3.22% decline, indicating a pervasive bearish sentiment. Wormhole's technical indicators present a mixed outlook, with 15 bullish and 6 bearish signals. Long-term trends suggest caution, as W trades below both its 50-day and 200-day Simple Moving Averages, highlighting a bearish market condition.