#WORMHOLE ($W ) — Sellers Are Still in Control
$W has dropped over 15% in the last 24 hours, and the 1H chart is showing a clear bearish trend with lower highs and lower lows. After the sharp pump, the price has given back most of its gains and is now hovering near $0.0162.
Buyers are trying to hold the $0.0158–$0.0160 support zone, but there’s no strong reversal confirmation yet. If this level breaks, further downside is possible. A recovery above $0.0170 would be the first sign of improving momentum.
My view: Don’t rush into a long just because the price looks cheap. Let the chart confirm the next move.
Will $W hold this support, or are we about to see another leg down?
$W has dropped over 15% in the last 24 hours, and the 1H chart is showing a clear bearish trend with lower highs and lower lows. After the sharp pump, the price has given back most of its gains and is now hovering near $0.0162.
Buyers are trying to hold the $0.0158–$0.0160 support zone, but there’s no strong reversal confirmation yet. If this level breaks, further downside is possible. A recovery above $0.0170 would be the first sign of improving momentum.
My view: Don’t rush into a long just because the price looks cheap. Let the chart confirm the next move.
Will $W hold this support, or are we about to see another leg down?