Wormhole (W) Price Prediction for August 10
Main Idea
The Wormhole (W) price is consolidating near $0.092 after a recent rally, with technical indicators suggesting short-term bullish potential but possible consolidation before further movement.
Key Points
1. Wormhole price broke through the $0.085–$0.088 resistance zone, reaching $0.095 before some profit-taking occurred.
2. Directional Movement Index (DMI) shows strong bullish control (+DI at 41.26, -DI at 6.29), but ADX near 41 suggests potential consolidation.
3. EMA alignment remains positive, with layered dynamic support between $0.085 and $0.081.
4. A breakout above $0.095 could target $0.100–$0.102, while failure to hold $0.090 may lead to a pullback toward $0.085 or lower.
5. Short-term bias remains upward, but consolidation is likely before the next impulsive move.
Description
The Wormhole price today is consolidating near $0.092 after a strong rally lifted it above the $0.09 mark for the first time since late July. The move followed a clean breakout from a descending trendline resistance and a bullish flip in multiple momentum indicators, but short-term signals now suggest a cooling phase. What’s Happening With Wormhole’s Price? Wormhole price dynamics (Source: TradingView) The 4-hour chart shows that Wormhole price action broke through the $0.085–$0.088 resistance z...
Latest News
- From LayerZero to Strategy: 5 Stories Shaping the Record-Breaking Crypto Market2025-08-12 15:57:58
- July CPI Comes in Cool at 2.7%: What This Means for the Price of Bitcoin2025-08-12 14:57:22
- Solana (SOL) Price Prediction for August 132025-08-12 11:49:21
- Chainlink (LINK) Price Prediction for August 132025-08-12 11:38:02
- ONDO, LINK, ZORA, PENGU: Why This Analyst’ Chose These 4 Altcoins for 2025 Rally2025-08-12 11:26:09