Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- WOO Network is down -3.26% today against the US Dollar
- WOO/BTC decreased by -3.36% today
- WOO/ETH decreased by -3.14% today
- WOO Network is currently trading 10.26% below our prediction on May 19, 2023
- WOO Network dropped -17.51% in the last month and is up 18.69% since 1 year ago
| WOO Network price | $ 0.225630 |
| WOO Network prediction | $ 0.251414 (11.64%) |
| Sentiment | Bearish |
| Fear & Greed index | 48 (Neutral) |
| Key support levels | $ 0.223942, $ 0.221254, $ 0.215877 |
| Key resistance levels | $ 0.232006, $ 0.237382, $ 0.240070 |
WOO price is expected to rise by 11.64% in the next 5 days according to our WOO Network price prediction
According to our WOO Network price prediction, WOO is expected to reach a price of $ 0.251414 by May 19, 2023. This would represent a 11.64% price increase for WOO in the next 5 days.
WOO Price Prediction Chart
Buy/Sell WOO Network
What has been going on with WOO Network in the last 30 days
WOO Network has been displaying a negative trend recently, as the coin lost -17.51% in the last 30-days. The medium-term trend for WOO Network has been bullish, with WOO increasing by 8.59% in the last 3 months. The long-term picture for WOO Network has been positive, as WOO is currently displaying a 18.69% 1-year price change. On this day last year, WOO was trading at $ 0.190100.
WOO Network reached its all-time high price on Nov 15, 2021, when the price of WOO peaked at $ 1.78. The current WOO cycle high is $ 0.348383, while the cycle low is at $ 0.101744. WOO has been displaying high volatility recently – the 1-month volatility of the coin is at 10.03. WOO Network recorded 12 green days in the last 30 days.
WOO Network technical analysis for today – May 14, 2023
The sentiment in the WOO Network markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.223942, $ 0.221254 and $ 0.215877, while $ 0.232006, $ 0.237382 and $ 0.240070 are the key resistance levels.
Bearish sentiment for WOO Network
8 indicators are currently signaling a bullish prediction for WOO Network, while 21 indicators are showing a bearish forecast. With 72% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for WOO Network.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 48 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
WOO Network moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how WOO Network is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.229063 (SELL) | $ 0.226630 (SELL) | – | – |
| MA5 | $ 0.229874 (SELL) | $ 0.230280 (SELL) | – | – |
| MA10 | $ 0.253628 (SELL) | $ 0.241696 (SELL) | – | – |
| MA21 | $ 0.262254 (SELL) | $ 0.254292 (SELL) | $ 0.212193 (BUY) | $ 0.225832 (SELL) |
| MA50 | $ 0.249148 (SELL) | $ 0.249718 (SELL) | $ 0.182871 (BUY) | $ 0.248380 (SELL) |
| MA100 | $ 0.230915 (SELL) | $ 0.231166 (SELL) | $ 0.443667 (SELL) | $ 0.334408 (SELL) |
| MA200 | $ 0.188702 (BUY) | $ 0.218219 (BUY) | – | – |
| Period | Value | Action |
| RSI (14) | 42.39 | NEUTRAL |
| Stoch RSI (14) | 10.88 | BUY |
| Stochastic Fast (14) | 19.56 | BUY |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 15.38 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.03 | NEUTRAL |
| Momentum (10) | -0.03 | NEUTRAL |
| MACD (12, 26) | -0.01 | NEUTRAL |
| Williams Percent Range (14) | -80.44 | BUY |
| Ultimate Oscillator (7, 14, 28) | 37.19 | NEUTRAL |
| VWMA (10) | 0.26 | SELL |
| Hull Moving Average (9) | 0.21 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.27 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for WOO Network is at 42.39, suggesting that WOO is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of WOO Network over the last 50 days. Currently, WOO Network is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the WOO closing price for the last 200 days. WOO is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this WOO Network prediction
After considering the above factors, we can conclude that the current forecast for WOO Network price prediction is Bearish. WOO would have to increase by 11.64% to hit our $ 0.251414 target within the next five days. Moving forward, it will be important to monitor the WOO market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term WOO Network price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Source: https://coincodex.com/article/27060/wootrade-prediction-may-14-2023/