Can Wormhole Break Out Above $0.110? | Credit: Derek Fenech
Share
Key Takeaways
Wormhole (W) is breaking out from the $0.110 horizontal resistance area.
The W price already broke out from a descending resistance trend line.
Can W close above $0.110 and begin a parabolic rally to new highs?
Wormhole (W) is flashing bullish signals as it attempts to break out from a key resistance level.
Having already broken its long-term descending trend line, momentum indicators hint at more upside ahead.
The big question is whether W can finally clear the $0.110 barrier and set the stage for a parabolic rally.
Wormhole Price Analysis
The Wormhole price has fallen under diagonal resistance since March.
During this time, it made numerous unsuccessful breakout attempts until it finally cleared the trend line on Sept. 10.
Today, the W price attempts to break out from the $0.110 horizontal resistance.
Get These Top Crypto Casino Offers Now!
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
