Can WOW Crypto Boom Upwards & Retest The Supply Level Next?

WowSwap is a protocol that lets traders trade tokens with more power and risk on Pancakeswap DEX, which uses Binance Smart Chain. In this token, the traders can use WowSwap to get more BNB from the lending pool and trade up to 5 times more tokens. Liquidity providers can give BNB to the lending pool and earn interest from the traders.

Technical Snapshot Over Daily Chart Of WOW Token

The current price momentum is good in the WOW token price, and it is gradually moving upwards, aspiring to bounce past the resistance level ahead. 

At the time of publishing, the crypto is at 0.07703 and has risen upwards in the last 24 hours.

Now, the WOwSwap crypto asset is on the brink of giving a sensational breakout, as buyers have taken support from the demand zone with good momentum and sellers are losing grip. That will drive the WOW/USD price to wreck the resistance level and float higher and higher from the existing base level.

Therefore, if the demand for the WOW crypto token enriches more, the asset price could resume surging vigorously from the current level. Then, the next objective for the crypto price would be to reach $0.10000, and in-between resistance is about to be breached, which is at $0.09000.

In addition, the WOWsnap token price manifests bullish characteristics and highlights that it has the potential to reach larger levels in the forthcoming sessions ahead. It has depicted good performance in the prior week by 90%, suggesting a robust upward strength in the upcoming sessions.

Furthermore, the WOW/USD crypto is expanding gradually, and as it stays beyond the major 20-day and 50-day EMA bands, it is presenting bullish strength on the daily chart.

Technical oscillators for the WOWsnap crypto token are revealing more bullish momentum as MACD demonstrates a potent bullish cross with a magnifying histogram width on the upside. 

The MACD line is at -0.00220, the signal line is at -0.00575, and the histogram is at 0.00356. 

The RSI is expanding as it took backing on 14-SMA, portraying that the WOW price asset is not failing its potency yet and can continue climbing higher in the approaching sessions. RSI is at 56.59, and 14-SMA is at 42.47.

On the flip side, it could plunge further if the WOW/USD crypto price fails to stay above the $0.04000 level.

Summary

WOWswap has grown significantly in the past week and has bullish signals. It has the potential to reach $0.10000 soon, but it also faces the risk of dropping below if the demand weakens. It follows the trends of other major digital currencies, such as BTC and ETH, which have reached new highs recently.

Technical Levels

Support Levels: $0.04000

Resistance Levels: $0.09000

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.