Blockchain

Wormhole Price Prediction: W Plummets 11% As This World-First AR/VR Presale Charges Towards $4 Million

Join Our Telegram channel to stay up to date on breaking news coverage

The Wormhole price dropped 11% in the last 24 hours to trade at $0.99 as of 01:12 a.m. EST on trading volume that plunged 57% to $734 million.

This comes as traders stake Wormhole’s W token paired with JitoSOL in the Kamino liquidity pool on Solana, with a 999% weekly return. Investors can easily earn over 3,300 W and 666 JTO.

Wormhole Price Set To Recover Over The Falling Wedge

After the remarkable airdrop worth $850 million, Wormhole has been on a downtrend, declining within a falling wedge pattern.

WUSD Chart Analysis Source: Tradingview.com

The bears have been able to exert more pressure, which has resulted in the price going down below the critical support zone at $1.0 to find support at $0.94. However, the W price bulls are preparing for a trend reversal over the falling wedge as the price trades within the upper boundary.

W is trading below the 50-day Simple Moving Average (SMA), which supports the current downtrend but shows positive signs as the price moves towards that zone at $1.05. If the price overcomes the 50-day SMA hurdle, W would show potential for further upward movement.

Additionally, the Relative Strength Index (RSI) is also rebounding from the oversold levels towards the 50-midline level, currently at 44, showing that traders are now buying as the buying pressure intensifies.

Wormhole Price Prediction

The Wormhole price analysis shows that W is currently on a downtrend, but with signs of a reversal over the falling wedge pattern. The RSI is also rising, which shows that incoming buys could push the price higher, targeting $1.6, a 61% increase from the current price.

However, if the bears exert more pressure, the bulls may find support at the $0.85 level, acting as a cushion against downward pressure.

Meanwhile, you can can consider diversifying your portfolio with 5thScape, the world’s first-ever VR/AR crypto token.

5thScape: The Next Big Thing Of The Decade

5thScape (5SCAPE) is the world’s first AR and VR ecosystem that connects the most brilliant minds. It’s developer plans to transform the gaming industry by combining blockchain technology and virtual reality (VR) to become the world’s first-ever AR/VR mixed-reality crypto platform.

The project’s ecosystem also aims to redefine the boundaries of gaming, education, and entertainment by offering diverse experiences.

The team is working on projects to introduce adrenaline-pumping battles, precision archery, high-speed racing, and immersive sports. Different games already included in their plan include the MMA Cage Contest, Thrust Hunter, and Archery Master.

The project’s innovative vision and potential to reshape VR and AR have sparked significant interest in the crypto community, with its presale currently in its 4th stage, garnering over $3.9 million as it races towards its target of $5 million.

99Bitcoins, a crypto YouTube channel with more than 700k subscribers, suggests that 5SCAPE has the potential to skyrocket by 100X after its launch.

The development team has set 5SCAPE to launch at $0.01. If you buy now at $0.00285 per token, that means you can lock in gains of about 250% by the time it lists.

If you think $5SCAPE is too good an opportunity to miss, join the presale by swapping ETH, MATIC, USDT, or BNB for 5SCAPE tokens with a digital wallet on the official website here, or buy directly with a bank card.

Related News

Smog (SMOG) – Meme Coin With Rewards

Smog token
  • Airdrop Season One Live Now
  • Earn XP To Qualify For A Share Of $1 Million
  • Featured On Cointelegraph
  • Staking Rewards – 42% APY
  • 10% OTC Discount – smogtoken.com

Smog token


Join Our Telegram channel to stay up to date on breaking news coverage


Credit: Source link

You might also like More from author

Comments are closed.

Please enter CoinGecko Free Api Key to get this plugin works.