Wormhole (W) Price Prediction for August 10
The Wormhole price today is consolidating near $0.092 after a strong rally lifted it above the $0.09 mark for the first time since late July. The move followed a clean breakout from a descending trendline resistance and a bullish flip in multiple momentum indicators, but short-term signals now suggest a cooling phase.
What’s Happening With Wormhole’s Price?
Wormhole price dynamics (Source: TradingView)
The 4-hour chart shows that Wormhole price action broke through the $0.085–$0.088 resistance zone, triggering a fast move to $0.095 before sellers capped gains. The Supertrend indicator has flipped bullish with the trend base near $0.082, confirming the recent shift in structure.
Directional Movement Index (DMI) readings show the +DI at 41.26 and -DI at 6.29, signaling strong bullish control. However, the ADX near 41 suggests the trend is already in a strong phase, which can lead to short-term exhaustion before the next leg.
Wormhole price dynamics (Source: TradingView)
Bollinger Bands on the 4-hour chart have expanded sharply, indicating the start of a new volatility phase, while price is currently sitting just under the upper band at $0.095.…
The post Wormhole (W) Price Prediction for August 10 appeared first on Coin Edition.
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Wormhole (W) Price Prediction for August 10
The Wormhole price today is consolidating near $0.092 after a strong rally lifted it above the $0.09 mark for the first time since late July. The move followed a clean breakout from a descending trendline resistance and a bullish flip in multiple momentum indicators, but short-term signals now suggest a cooling phase.
What’s Happening With Wormhole’s Price?
Wormhole price dynamics (Source: TradingView)
The 4-hour chart shows that Wormhole price action broke through the $0.085–$0.088 resistance zone, triggering a fast move to $0.095 before sellers capped gains. The Supertrend indicator has flipped bullish with the trend base near $0.082, confirming the recent shift in structure.
Directional Movement Index (DMI) readings show the +DI at 41.26 and -DI at 6.29, signaling strong bullish control. However, the ADX near 41 suggests the trend is already in a strong phase, which can lead to short-term exhaustion before the next leg.
Wormhole price dynamics (Source: TradingView)
Bollinger Bands on the 4-hour chart have expanded sharply, indicating the start of a new volatility phase, while price is currently sitting just under the upper band at $0.095.…
The post Wormhole (W) Price Prediction for August 10 appeared first on Coin Edition.
Read More
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