bullish

2024

Wormhole

Dogecoin

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<p>Wormhole (W) has had a substantial price surge, according to market data and analysis from Coinpedia Markets. The crypto’s value has increased substantially over the past month, breaking out from its major support level and showing bullish indicators on technical charts.</p>
<p>The Wormhole token growth in recent weeks has been visible. Data from CoinGecko at publication reveals that <a href="https://www.coingecko.com/en/coins/wormhole" target="_blank" rel="noopener noreferrer nofollow">W trades at $0.3703</a>, representing a 20.57% increase in the last day and a 45.19% rise over the past week. This uptrend has helped Wormhole’s market value to grow rather substantially.</p>
<p>From $513 M to $964 M, W’s market capitalization has almost doubled in the previous month according to Coinpedia Markets. This fast rise shows more investor interest and more trading activity around the token..</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24W&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$W</a> monthly chart looks bullish! <a href="https://twitter.com/hashtag/W?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#W</a> just broke out from its major support at $0.2509, currently trading at $0.374. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/hashtag/Wormhole?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Wormhole</a> has surged 85% in past month with market cap rising from $513M to $964M.<br><br>Technical Analysis<br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/27a1.png" alt="➡" class="wp-smiley" style="height: 1em; max-height: 1em;">First, looking at the SMA, the 5-day and 20-day moving… <a href="https://t.co/E95mZEtB5R" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/E95mZEtB5R</a></p>— Coinpedia Markets (@MarketCoinpedia) <a href="https://twitter.com/MarketCoinpedia/status/1841398702776238541?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 2, 2024</a>
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<h2 class="wp-block-heading" id="strong-technical-analysis-insights-strong"><strong>Technical Analysis Insights</strong></h2>
<p>Technical indicators suggest a positive outlook for Wormhole’s price movement. Coinpedia Markets noted a bullish crossover between the 5 and 20 day SMAs, indicating strong short-term momentum. However, the RSI is around 73, suggesting the token may be in overbought territory.</p>
<p>Analysts are watching key resistance levels for potential breakout scenarios. If W manages to surpass $0.5575, it could reach its next resistance level at $0.7512 in the coming week.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/why-is-the-crypto-market-down-today-bitcoin-price-dips-to-60k/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Why Is The Crypto Market Down Today? Bitcoin Price Dips to $60K</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-what-s-driving-w-growth-strong"><strong>What’s Driving W Growth?</strong></h2>
<p>Several fundamental factors appear to be contributing to <a href="https://crypto.news/wormhole-token-soars-20-in-24-hour-trading-after-upbit-listing/" target="_blank" rel="noopener noreferrer nofollow">Wormhole’s price appreciation</a>. The token’s listing on South Korea’s largest crypto exchange Upbit, will boost its visibility and accessibility to a wider investor base.</p>
<p>Wormhole has also announced an ambitious roadmap, outlining plans for major upgrades across multiple “eras” of development. The project has already launched Era3, which introduces improvements to user experience, including native-to-native swaps and faster transaction speeds.</p>
<p>Additionally, Wormhole has unveiled plans for EVM to Solana compatibility, enabling native cross-chain swaps in under 10 seconds. These technological advancements and ecosystem expansions are likely driving increased demand for the W token.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-wormhole-w-price-pumping/" rel="noopener noreferrer nofollow">Why Is Wormhole (W) Price Pumping?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Wormhole (W) Price Pumping?

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