$W +38%: Breakout at 0.03175 or drop to 0.0151?
$W surged 37.81% in 24h and is now trading at US$0.02412. Meanwhile, $STRK is down 17.0% and $NEAR is up 4.7% in the same window.
The daily range goes from 0.01748 to 0.03175, with volume of 62 M USD. EMA20 is at 0.02089 and EMA50 at 0.01801, confirming the bullish trend on the 4h chart. RSI at 61.4 still suggests room to rise.
The key levels are support at 0.0151 and resistance at 0.03175. If the price breaks above 0.03175, the bullish scenario remains alive; if it falls below 0.0151, the bearish trend is validated.
In futures, funding is -0.0039% every 8h and open interest rose 132.9% in 24h, accumulating 21 M USD, with 48% of accounts in long. That indicates confidence, but negative funding could put downward pressure.
My take: momentum is strong, but the risk of a correction to support is real. Will it break 0.03175 or return to 0.0151? 🟢/🔴
#WToken #DeFi
Not financial advice. Verify before investing.
$W surged 37.81% in 24h and is now trading at US$0.02412. Meanwhile, $STRK is down 17.0% and $NEAR is up 4.7% in the same window.
The daily range goes from 0.01748 to 0.03175, with volume of 62 M USD. EMA20 is at 0.02089 and EMA50 at 0.01801, confirming the bullish trend on the 4h chart. RSI at 61.4 still suggests room to rise.
The key levels are support at 0.0151 and resistance at 0.03175. If the price breaks above 0.03175, the bullish scenario remains alive; if it falls below 0.0151, the bearish trend is validated.
In futures, funding is -0.0039% every 8h and open interest rose 132.9% in 24h, accumulating 21 M USD, with 48% of accounts in long. That indicates confidence, but negative funding could put downward pressure.
My take: momentum is strong, but the risk of a correction to support is real. Will it break 0.03175 or return to 0.0151? 🟢/🔴
#WToken #DeFi
Not financial advice. Verify before investing.