$WRX /USDT Technical Analysis and Target Price

Current Price: $0.1139

24h High: $0.1350

24h Low: $0.0931

24h Trading Volume (WRX): 328.24M WRX

24h Trading Volume (USDT): 36.89M USDT

Price Change (24h): +19.02%

Moving Averages (MA):

MA(7): 0.1141

MA(25): 0.1147

MA(99): 0.1171

Market Sentiment:

$WRX has experienced significant price movement in the past 24 hours, with a 19.02% increase, reaching a high of $0.1350 and a low of $0.0931. The short-term trend appears to be bullish, as the price is trading above its 7-day and 25-day moving averages. Currently, the price is at $0.1139, slightly below its 99-day moving average of $0.1171.

The trading volume of WRX is strong, indicating active participation and potential for continued momentum. The 24-hour volume of WRX at 328.24M suggests that there is substantial market interest, which is a positive sign for potential price appreciation.

Key Levels:

Immediate Support: $0.1122 - $0.1119 (Recent support area)

Immediate Resistance: $0.1189 (Next resistance zone)

Price Target:

Based on current price action and moving averages, WRX is showing bullish potential in the short-term. If it manages to break above the resistance level around $0.1189, the next potential target could be around $0.1200 to $0.1250.

Trading Strategy:

Bullish Scenario: If WRX maintains its upward momentum and breaks the $0.1189 resistance, a move towards $0.1200–$0.1250 is likely. Traders can look to enter positions around the support zone ($0.1122-$0.1119) for a potential swing upwards.

Bearish Scenario: If WRX fails to hold above the $0.1122 support, a pullback towards the $0.1100 or even lower to $0.1000 is possible.

Conclusion:

$WRX /USDT is showing positive signs of recovery with a 19.02% gain over the past 24 hours. A break above the $0.1189 resistance could signal further upside potential, while support near $0.1122 will be key to maintaining its bullish structure. Monitor the upcoming price action closely for confirmation of the next m#BinanceAlphaAlert #USJoblessClaimsFall #GrayscaleSUITrust #FranklinCryptoETF