As of 01:32 a.m. EST, the Wormhole price was $0.99, having fallen 8% in the last 24 hours and 40% in the preceding week. Trading volume plummeted 50% to $256 million. “Wormhole’s W Token Price Prediction Drops 40% as $10M SOL Shifts to Slothana Meme Coin” is the article that we should read below:-
Speculative Wormhole Price Set for Consolidation Channel Breakout
Not long after its release, the Wormhole price hit an ATH of $1.66. But it appears that the bears have grabbed control of the price, since W is down 40% since then.
According to coinmarketcap W has been uncertain regarding its next move for the past three days, hovering between the $0.91 and $1.1 level. But it appears like the bulls are gradually pushing the price higher. The beginning of a fresh upward trend can be signalled by a break above the consolidation phase.
The price decline in W has occurred at the same time as its trading price is below the 50-day and 200-day SMA.
Plus, there is a lot of buying pressure indicated by the Relative Strength Index (RSI), which is bouncing back from oversold levels and going past the 50-midline level at 51. More bullish sentiment from investors might be signalled by an RSI reading of 70 if the price action breaks out above consolidation.
Also indicating a bullish trend is the Moving Average Convergence Divergence (MACD), which occurs when the blue moving average line crosses above the orange signal line. Price increases may be in the cards if a bullish crossover convinces investors to make purchases.
Wormhole Price Prediction
According to the Wormhole price research, which shows that the market is somewhat undecided, bulls want to break through the $1.6 goal and push the price above the consolidation channel.
As a result of the bullish signal from the MACD and the RSI, price optimism among investors is likely to drive the market higher.
If the bears keep up their onslaught, though, the W bulls might pull back to $0.85, which would serve as a strong support zone to drive the price even higher.
As a result, Slothana, a project that is causing quite a stir in the cryptocurrency community, is receiving a lot of SOL from investors.
Also Read: Ethena Altcoin Skyrockets as Crypto Market Hits $2.5 Trillion Milestone
Is Slothana the Best Alternative to Buy Right Now? They’ve Raised Over $10 Million!
Slothana (SLOTH) is a sloth-themed cryptocurrency project that earned more than $10 million in its presale in record time, putting it in the lead among Solana-based meme coins like BOME and SLERF.
The crypto channel 99Bitcoins on YouTube has over 700K followers and thinks Slothana’s launch might cause its price to skyrocket 100X.
Slothana is the latest meme coin to arrive on the Solana network, following in the footsteps of $SLERF, $BOME, $PUMP, and $PUNDU. Due to the lack of timers, hard caps, or price phases, the launch approach essentially contradicts the conventional wisdom.
Buy $SLOTH Now, Get Positioned For A Major Surge
It is clear that Slothana is committed to making itself as visible and accessible as possible; a recent community poll confirmed this. The project will make its debut on DEX and CEX.
You should definitely purchase some tokens before they sell out now, because there are no pricing stages, timers, or hard caps.
Conclusion
It is unclear how Wormhole’s price will change. Although there is some potential for a positive breakthrough based on technical indicators, the market attitude and historical performance suggest that we should proceed with caution. Anyone looking to put their money into the market should first assess their comfort level with risk and do their homework.
Disclaimer: This post is meant to provide general information and should not be construed as financial advice. High levels of volatility and substantial risk are inherent in the cryptocurrency market. Find out what you’re comfortable with in terms of risk before you make any investment selections. I hope you get all knowledge about “Wormhole’s W Token Price Prediction Drops 40% as $10M SOL Shifts to Slothana Meme Coin.
