Wormhole (W) is currently trading between $0.22 and $0.4. Its price has increased by 10.38% over the past week and 10.67% over the past 24 hours. Despite a notable drop over the last month, Wormhole’s price prediction remains bullish. The coin is trading 0.94% below its recent cycle high, but is still 44.50% above its low. Additionally, it has low volatility, with a 19% volatility over the past 30 days.
Wormhole has a market cap of $611.68 billion and a 24-hour trading volume of $38.38 million, a massive increase of 72.05%. The massive increase in trading volume indicates growing investor confidence in Wormhole’s continued growth.
Currently, Wormhole is trading below its 50-day Simple Moving Average (SMA). Despite this, the market sentiment surrounding Wormhole remains positive. Technical analysis shows that while the token is trading below the critical support level of $0.55, the trading chart hints at a possible rebound. With the expected bull run, Wormhole’s price could reach $1.
