What's the Latest with Wormhole Currency?
Today, the Cryptocurrency Market is abuzz with news about Wormhole. Here are some key highlights about the current status of the Wormhole Currency:
- Wormhole is down -3.00% today against the US Dollar
- W/BTC decreased by -2.99% today
- W/ETH decreased by -3.49% today
- Wormhole is currently trading 24.71% below our prediction on Oct 14, 2024
- Wormhole gained 53.64% in the last month and is down -77.21% since 1 year ago
Wormhole Currency Outlook
Wormhole's current price is at $ 0.307116 after a 3.00% decrease in the last 24 hours. The Coin didn't perform well compared to the overall Cryptocurrency market, which saw a 3.22% decrease within the same timeframe. Wormhole also recorded a 2.99% loss against Bitcoin today.
Looking ahead, our prediction indicates that Wormhole is expected to reach $ 0.407896 by Oct 14, 2024, reflecting a potential 30.16% price increase in the next 5 days.
Recent Performance of Wormhole
Over the past 30 days, Wormhole has shown positive momentum, gaining 53.64%. In the medium term, the coin has been on a bullish trend, with a 6.12% increase in the last three months. However, in the long term, Wormhole has seen a -77.21% decline compared to its price a year ago.
Wormhole hit its all-time high of $ 1.59 on Apr 03, 2024. The current cycle high for Wormhole is $ 0.394060, while the low is $ 0.164521. The coin has exhibited high volatility recently, with a 20.66% volatility over the past month.
Technical Analysis of Wormhole - Oct 09, 2024
The sentiment in the Wormhole market is currently neutral, with a Fear & Greed index reading of 49. Key support levels to watch include $ 0.307097, $ 0.299918, and $ 0.289231, while resistance levels are at $ 0.324964, $ 0.335651, and $ 0.342830.
Market Sentiment
Currently, indicators are leaning towards a bullish prediction for Wormhole, with 71% of indicators favoring a positive outlook. This results in an overall neutral sentiment for Wormhole.
Crypto Market Outlook
The Fear & Greed index stands at 49, indicating a neutral market sentiment among cryptocurrency investors. This suggests a balanced outlook in the market, neither too optimistic (Greed) nor pessimistic (Fear).
Technical Indicators
Here are some key technical indicators for Wormhole:
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.291626 (BUY) | $ 0.278328 (BUY) | - | - |
Conclusion on Wormhole Prediction
Based on the current analysis, the forecast for Wormhole price prediction remains neutral. The coin would need to increase by 30.16% to meet the $ 0.407896 target in the next five days. Monitoring market sentiment, key levels, and other metrics will be crucial moving forward. However, as with all cryptocurrencies, price volatility is a factor to consider.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Before making any Investment decisions, seek professional consultation.
