We’re starting a new day by analyzing the strong moves in the infrastructure sector! W (Wormhole) is showing rapid upward momentum on the daily timeframe, rising by +65.02% and trading at 0.02868 USDT (after reaching a daily high of 0.03016 USDT and a low of 0.01721 USDT, with the rally previously recorded as starting from lower levels around 0.01113 USDT).
What does the technical picture on the chart show:
Rally dynamics: Strong vertical green candles indicate a massive influx of liquidity and buyers’ absolute control amid the current parabolic move.
Trading volume: Daily turnover reached 33.84 million USDT (with a volume of 1.41 billion W), confirming heightened trader interest in the project.
Technical status: The RSI(6) indicator is at a critically high level of 94.73, indicating that the asset is in an extremely overheated zone.
⚠️ Such high RSI levels are a warning against emotional buying (FOMO). Follow risk management principles, take profits in stages, and strictly monitor your open positions!
☕ How are you feeling this morning? Is Wormhole still on your radar? Share your thoughts in the comments, and have a great, profitable day, everyone! 👇
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