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Cryptos: 19.8M
Exchanges: 842
Market Cap: 
$3.81T
3.60%
24h Vol: 
$186.82B
3.58%
Dominance: BTC: 59.1% ETH: 13.1%
 ETH Gas: 
0.27 Gwei
 Fear & Greed: 
53/100

Latest Wrapped Mantle (WMNT) Price Analysis

By CMC AI
16 August 2025 09:13AM (UTC+0)
See WMNT Price Chart

Why is WMNT’s price up today? (16/08/2025)

TLDR Wrapped Mantle (WMNT) rose 9% over the last 24h, outpacing its 7-day (+15.46%) and 30-day (+61.72%) gains. The move contrasts with a 1.47% dip in the broader crypto market, signaling coin-specific momentum. Here are the main factors:

  1. Technical Breakout – Price surged above key moving averages and Fibonacci levels.
  2. Relative Strength – Outperformance amid neutral market sentiment.
  3. Bullish Momentum – MACD and RSI signal sustained buying pressure.

Deep Dive

1. Technical Breakout (Bullish Impact)

Overview: WMNT broke above its 30-day SMA ($0.87) and 200-day EMA ($0.77), with the price ($1.21) now testing the 23.6% Fibonacci retracement level ($1.08).
What this means: Breaking above these thresholds often triggers algorithmic and momentum buying. The 30-day SMA acting as support suggests a structural shift toward bullish sentiment.

2. Relative Strength (Bullish Impact)

Overview: WMNT’s 9% gain occurred as the total crypto market cap fell 1.47%, and Bitcoin dominance held steady at 58.86%.
What this means: Decoupling from broader market weakness indicates strong investor conviction, potentially driven by protocol-specific developments or speculative positioning in low-cap assets.

3. Bullish Momentum (Mixed Impact)

Overview: The MACD histogram turned positive (+0.0237), and the RSI14 (73.22) entered overbought territory.
What this means: While bullish momentum is clear, the RSI near 75 raises short-term correction risks. Historically, WMNT has sustained elevated RSI levels during strong uptrends, but profit-taking could intensify.
What to look out for: A close below the 23.6% Fibonacci level ($1.08) to gauge if the breakout holds.

Conclusion

WMNT’s surge reflects technical strength and selective capital rotation into outperforming assets, though overbought signals warrant caution. Key watch: Can WMNT hold above $1.08 to confirm the breakout’s sustainability, or will profit-taking reverse gains?

Why is WMNT’s price down today? (11/08/2025)

TLDR Wrapped Mantle (WMNT) fell 1.56% over the last 24h, underperforming the broader crypto market (+0.3%). This dip follows a 35% surge in the past week, suggesting profit-taking and technical cooling.

  1. Technical Correction – Overbought RSI levels (70.14) and proximity to key resistance triggered a pullback.
  2. Market Context – Altcoin sentiment weakened (Altcoin Season Index down 8.3% in 24h), favoring Bitcoin dominance.
  3. Volume Decline – Trading volume dropped 18%, reducing upward momentum.

Deep Dive

1. Technical Correction (Bearish Impact)

Overview: WMNT’s 14-day RSI hit 70.14, crossing into overbought territory, while its price stalled near the 23.6% Fibonacci retracement level ($0.996). The 7-day SMA ($0.97) now acts as immediate support.
What this means: Overbought conditions often precede profit-taking, especially after a 35% weekly rally. The failure to hold above $1.04 (pivot point) intensified selling pressure. A break below $0.97 could signal further downside toward $0.92 (38.2% Fib level).

2. Market Context (Mixed Impact)

Overview: Bitcoin dominance rose to 60.06% (+1.01% in 24h), reflecting capital rotation away from altcoins. The Altcoin Season Index fell 8.3% daily, signaling reduced risk appetite.
What this means: WMNT’s drop aligns with broader altcoin weakness, as traders consolidate gains into Bitcoin amid neutral-to-greed sentiment (Fear & Greed Index: 62).

3. Volume Decline (Bearish Impact)

Overview: WMNT’s 24h trading volume fell 18% to $2.87M, with turnover (volume/market cap) at 0.27 – below the threshold for stable price action.
What this means: Lower volume reduces liquidity, amplifying volatility. The lack of fresh buying interest post-rally left the coin vulnerable to sell-offs.

Conclusion

WMNT’s dip reflects a healthy correction after rapid gains, compounded by shifting capital to Bitcoin and thinning liquidity. Key watch: Can WMNT hold the $0.97 support, or will profit-taking push it toward $0.92? Monitor Bitcoin dominance and RSI reversals for directional cues.

CMC AI can make mistakes. Not financial advice.
WMNT
Wrapped MantleWMNT
|
$1.37

3.99% (1d)

See WMNT Price Chart