Wormhole Price Prediction – W Price Estimated to Reach $0.354341 By Oct 29, 2024

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 up 3.10% today against the US Dollar
• W/ETH increased by 3.54% today
• Wormhole is currently trading 21.83% below our prediction on Oct 29, 2024
• Wormhole gained 12.21% in the last month and is down -79.44% since 1 year ago

W price is expected to rise by 30.32% in the next 5 days according to our Wormhole price prediction

is trading at $ 0.276995 after gaining 3.10% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 1.22% in the same time period. W performed well against BTC today and recorded a 0.69% gain against the world’s largest cryptocurrency.

According to our Wormhole price prediction, W is expected to reach a price of $ 0.354341 by Oct 29, 2024. This would represent a 30.32% 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 12.21% in the last 30-days. The medium-term trend for Wormhole has been bearish, with W dropping by -4.09% in the last 3 months. The long-term picture for Wormhole has been negative, as W is currently displaying a -79.44% 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 low volatility recently – the 1-month volatility of the coin is at 7.87. Wormhole recorded 15 green days in the last 30 days.

Wormhole technical analysis for today – Oct 24, 2024

The sentiment in the Wormhole markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.259655, $ 0.249758 and $ 0.236778, while $ 0.282531, $ 0.295512 and $ 0.305408 are the key resistance levels.

Bearish sentiment for Wormhole

7 indicators are currently signaling a bullish prediction for Wormhole, while 16 indicators are showing a bearish forecast. With 70% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Wormhole.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 69 (Greed), which signals that investors have a positive 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.

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 39.07, 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 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 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 Bearish. W would have to increase by 30.32% to hit our $ 0.354341 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.