📊 $WAN /USDT - Technical Analysis on Binance 📊

🚀 Current Price: $0.2187 (Down 8.72%)

$WAN has seen a significant pullback in the past 24 hours, offering potential opportunities for short-term traders in the Layer 1 blockchain space.

Key Levels to Watch:

24h High: $0.2415

24h Low: $0.2175

The price is currently testing support at $0.2175. If this level holds, we could see a potential bounce toward the high of $0.2415. A drop below $0.2175 may lead to further downside, with $0.2160 as the next support level.

Market Depth Insights:

Bid Price: $0.2186

Ask Price: $0.2160

The market depth indicates that buying interest is holding strong around $0.2186, but there’s some selling pressure at $0.2187. A break below the support could signal further bearish momentum.

Volume Analysis:

24h Volume (WAN): 3.90M

24h Volume (USDT): 896,040.65

The relatively low trading volume in WAN suggests that the market is currently consolidating. An increase in volume could indicate a potential breakout or breakdown depending on price action.

Trend and Momentum Indicators:

The price is currently in a bearish phase after failing to sustain higher levels near $0.2415.

RSI: Keep an eye on the RSI for potential oversold signals. A bounce could be expected if the RSI indicates an oversold condition.

What’s Next?

Bullish Scenario: A strong bounce from $0.2175 could lead to a retest of $0.2415, and a breakout above this level could signal further upside.

Bearish Scenario: A drop below $0.2175 could open the door for further declines, with $0.2160 being the next key support level to watch.

📈 Trade Smart and Stay Informed!

WAN/USDT is at a key support zone. Monitor price action carefully for signs of a reversal or continuation.

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