$W gave buyers the rally, then tested their confidence.
After reaching $0.0273 over the past 24 hours, Wormhole pulled back to $0.0189, down around 29%. The 4H RSI sits near 48, showing faded momentum without an oversold signal yet.
$0.0183–$0.0188 is the immediate support zone. Losing this area raises the risk of a deeper retracement toward $0.0167.
For recovery, I’m watching $0.0203–$0.0205. A strong 4H close above this zone, followed by a successful retest, would strengthen the case for $0.0247, then $0.0273.
Still up roughly 34% over seven days, but the recent rally has suffered serious damage. My focus now: whether buyers defend support and reclaim resistance. A large discount alone doesn’t confirm a bottom.
After reaching $0.0273 over the past 24 hours, Wormhole pulled back to $0.0189, down around 29%. The 4H RSI sits near 48, showing faded momentum without an oversold signal yet.
$0.0183–$0.0188 is the immediate support zone. Losing this area raises the risk of a deeper retracement toward $0.0167.
For recovery, I’m watching $0.0203–$0.0205. A strong 4H close above this zone, followed by a successful retest, would strengthen the case for $0.0247, then $0.0273.
Still up roughly 34% over seven days, but the recent rally has suffered serious damage. My focus now: whether buyers defend support and reclaim resistance. A large discount alone doesn’t confirm a bottom.