- WOO Network surges over 5%, showing strong bullish momentum.
- The market capitalization of WOO Network reaches $403M amid rising demand.
- Volatility increases as WOO/USD market indicate a potential for further price growth.
WOO Network (WOO) is now on a spectacular bull ride, with its price rising from a low of $0.2195 to a 24-hour high of $0.2395, indicating strong bullish momentum. This surge shows no signs of slowing down as the bulls continue to dominate the market, causing the price to surge by a whopping 5.60% to $0.238 at press time.
As the market heats up, WOO Network’s market capitalization and 24-hour trading volume have increased by 5.69% and 50.29%, respectively, reaching an astonishing $403,395,747 and $18,982,756.
This extraordinary rise implies that investors are overjoyed with WOO Network (WOO) and are clamoring for the token, propelling its value even higher.
WOO/USD 24-hour price chart (source: CoinMarketCap)
The bullish trend in the WOO/USD market may continue as the Bull Bear Power (BBP) indicator advances into positive territory at 0.01535795. This upward trend implies that buyers dominate the market and may continue to increase prices.
The Chaikin Money Flow trending in the positive area with a rating of 0.24 adds to the bullish momentum.
This CMF trend confirms the WOO/USD market’s bullish outlook, indicating that demand for WOO tokens is expanding, and investors are pouring money into this intriguing possibility.
WOO/USD chart (source: TradingView)
The bulging motion of the Keltner Channel bands on the 4-hour price chart illustrates the growing volatility in the WOO/USD market. The upper, middle, and lower bands touch at $0.24483731, $0.22964356, and 0.21447823, indicating an increase in volatility.
The bullish strength builds as the price action approaches the upper band while forming green candlesticks, supporting traders’ hopes of a lengthy bull run.
With a value of 5.03, the rate of change has recently moved into positive territory, indicating that purchasing pressure is building. This movement suggests that a breakthrough over the upper band is possible, which might lead to more price growth.
WOO/USD chart (source: TradingView)
In conclusion, WOO Network (WOO) is riding a powerful bullish wave, with increasing prices, growing market capitalization, and strong investor demand.
Disclaimer: The views, opinions, and information shared in this price prediction are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be liable for direct or indirect damage or loss.
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Source: https://coinedition.com/269908/