Wormhole Price Prediction – W Price Estimated to Reach $ 0.785031 By Apr 24, 2024

Table of Contents

• W price is expected to rise by 30.26% in the next 5 days according to our Wormhole price prediction
• W Price Prediction Chart
• What has been going on with Wormhole in the last 30 days
• Wormhole technical analysis for today - Apr 19, 2024
• Bearish sentiment for Wormhole
• Crypto market is currently experiencing Greed
• Wormhole moving averages & oscillators
• The bottom line about this Wormhole prediction

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 4.16% today against the US Dollar
• W/ETH increased by 3.08% today
• Wormhole is currently trading 23.58% below our prediction on Apr 24, 2024
• Wormhole dropped -55.48% in the last month and is down -55.48% since 1 year ago

W price is expected to rise by 30.26% in the next 5 days according to our Wormhole price prediction

Wormhole price today is trading at $ 0.599951 after gaining 4.16% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.74% in the same time period. W performed well against BTC today and recorded a 1.67% gain against the world’s largest cryptocurrency.

According to our Wormhole price prediction, W is expected to reach a price of $ 0.785031 by Apr 24, 2024. This would represent a 30.26% 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 negative trend recently, as the coin lost -55.48% in the last 30-days. The medium-term trend for Wormhole has been bearish, with W dropping by -55.48% in the last 3 months. The long-term picture for Wormhole has been negative, as W is currently displaying a -55.48% 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 $ 0.716008, while the cycle low is at $ 0.462204. W has been displaying high volatility recently – the 1-month volatility of the coin is at 27.60. Wormhole recorded 3 green days in the last 30 days.

Wormhole technical analysis for today - Apr 19, 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 $ 0.553457, $ 0.516474 and $ 0.493081, while $ 0.613832, $ 0.637226 and $ 0.674208 are the key resistance levels.

Bearish sentiment for Wormhole

4 indicators are currently signaling a bullish prediction for Wormhole, while 11 indicators are showing a bearish forecast. With 73% 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 66 (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 22.00, suggesting that W is currently oversold.

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 Bearish. W would have to increase by 30.26% to hit our $ 0.785031 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.