$W surged 75% in one day, and the price is now decisively above all previous resistance zones.
From $0.0138 on 03/10, $W climbed to over $0.030 in just nine days, with a gain of around 75% in the last 24 hours alone. Trading volume today was 2.9 times the 20-day average, the highest since the beginning of the month.
On both the 4-hour and daily timeframes, RSI14 is above 80, a rare overbought level. The price is far above both EMA9 and WMA45, indicating a sharp, one-way rally with no significant pause so far.
The price has just broken above its highest level in several months, so there are no previous resistance levels above to compare against. The nearest area below, if the price pulls back, is around $0.0168, which was tested twice before.
Personal observation, not investment advice
#TheoDõiFOMC #TinFed #W
From $0.0138 on 03/10, $W climbed to over $0.030 in just nine days, with a gain of around 75% in the last 24 hours alone. Trading volume today was 2.9 times the 20-day average, the highest since the beginning of the month.
On both the 4-hour and daily timeframes, RSI14 is above 80, a rare overbought level. The price is far above both EMA9 and WMA45, indicating a sharp, one-way rally with no significant pause so far.
The price has just broken above its highest level in several months, so there are no previous resistance levels above to compare against. The nearest area below, if the price pulls back, is around $0.0168, which was tested twice before.
Personal observation, not investment advice
#TheoDõiFOMC #TinFed #W