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.
- Wormhole is down -3.00% today against the US Dollar
- W/BTC decreased by -2.99% today
- W/ETH decreased by -3.49% today
- Wormhole is currently trading 24.71% below our prediction on Oct 14, 2024
- Wormhole gained 53.64% in the last month and is down -77.21% since 1 year ago
| Wormhole price | $ 0.307116 |
| Wormhole prediction | $ 0.407896 (30.16%) |
| Sentiment | Neutral |
| Fear & Greed index | 49 (Neutral) |
| Key support levels | $ 0.307097, $ 0.299918, $ 0.289231 |
| Key resistance levels | $ 0.324964, $ 0.335651, $ 0.342830 |
W price is expected to rise by 30.16% in the next 5 days according to our Wormhole price prediction
Wormhole price today is trading at $ 0.307116 after losing -3.00% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.22% in the same time period. W performed poorly against BTC today and recorded a -2.99% loss against the world’s largest cryptocurrency.
According to our Wormhole price prediction, W is expected to reach a price of $ 0.407896 by Oct 14, 2024. This would represent a 30.16% price increase for W in the next 5 days.
W Price Prediction Chart
Buy/Sell Wormhole
What has been going on with Wormhole in the last 30 days
Wormhole has been displaying a positive trend recently, as the coin gained 53.64% in the last 30-days. The medium-term trend for Wormhole has been bullish, with W increasing by 6.12% in the last 3 months. The long-term picture for Wormhole has been negative, as W is currently displaying a -77.21% 1-year price change. On this day last year, W was trading at $ 1.35.
Wormhole reached its all-time high price on Apr 03, 2024, when the price of W peaked at $ 1.59. The current W cycle high is $ 0.394060, while the cycle low is at $ 0.164521. W has been displaying high volatility recently – the 1-month volatility of the coin is at 20.66. Wormhole recorded 18 green days in the last 30 days.
Wormhole technical analysis for today – Oct 09, 2024
The sentiment in the Wormhole markets is currently Neutral, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.307097, $ 0.299918 and $ 0.289231, while $ 0.324964, $ 0.335651 and $ 0.342830 are the key resistance levels.
Neutral sentiment for Wormhole
15 indicators are currently signaling a bullish prediction for Wormhole, while 6 indicators are showing a bearish forecast. With 71% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Wormhole.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 49 (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.
Wormhole 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 Wormhole is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.291626 (BUY) | $ 0.278328 (BUY) | – | – |
| MA5 | $ 0.304961 (BUY) | $ 0.259528 (BUY) | – | – |
| MA10 | $ 0.314319 (SELL) | $ 0.241193 (BUY) | – | – |
| MA21 | $ 0.285241 (BUY) | $ 0.236018 (BUY) | – | – |
| MA50 | $ 0.250237 (BUY) | $ 0.272694 (BUY) | – | – |
| MA100 | $ 0.263128 (BUY) | $ 0.350210 (SELL) | – | – |
| MA200 | – | – | – | – |
| Period | Value | Action |
| RSI (14) | 61.72 | NEUTRAL |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 54.77 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 53.05 | SELL |
| Awesome Oscillator (5, 34) | 0.09 | NEUTRAL |
| Momentum (10) | 0.00 | SELL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -45.23 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 42.78 | NEUTRAL |
| VWMA (10) | 0.33 | SELL |
| Hull Moving Average (9) | 0.34 | SELL |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.29 | 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 Wormhole is at 61.72, suggesting that W is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Wormhole over the last 50 days. Currently, Wormhole is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the W closing price for the last 200 days. W is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Wormhole prediction
After considering the above factors, we can conclude that the current forecast for Wormhole price prediction is Neutral. W would have to increase by 30.16% to hit our $ 0.407896 target within the next five days. Moving forward, it will be important to monitor the W 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 Wormhole 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/48723/wormhole-prediction-october-09-2024/