Blockchain

Wormhole Price Prediction: W Plunges 30% in One Week as This Multi-Chain Dogecoin Derivative Pre-Sale Cost Reaches $1 Million.

adminApril 9, 2024

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Wormhole prices have fallen 30% over the past week and are down 4% in 24 hours, trading at $0.957 as of 2:08 AM EST on volume that has surged 23%.

Traders are selling despite some signs of a bullish breakout and the hype around the Wormhole Porthole Bridge, which has provided tailwinds for Wormhole prices to rebound since its launch.

Among the projects using the bridge is the Fantom Foundation, which currently has USDC.e available on Fantom.

In addition to Fantom, the Injective network uses bridges and the Wormhole Gateway upgrade provides users with seamless asset bridging, eliminating the need for manual conversion.

InsideBitcoins previously reported that Wormhole is rapidly transforming into a ZK-enabled network for trustless transfer of data and value. The project does this through a partnership with AMD, which provides the resources needed to speed up processing and reduce transaction costs.

Due to these optimistic fundamentals, Wormhole price may develop upward momentum that could lead to a rebound. This theory is supported by the fact that wormhole prices often fill a descending wedge pattern prior to a bullish breakout.

Wormhole Price Prediction as W Consolidates Within Bullish Technical Structure

Wormhole price went through a series of lower highs and lower lows before completing a four-hour descending wedge pattern. The price movement is limited by the descending trend line, but there is support at the horizontal line at $0.924.

Check out the Parabolic Stop and Reverse (SAR) indicator below, which tracks wormhole prices. As long as this price tracking indicator tracks the price below, the odds will be in favor of the upside.

However, given the outlook that the Relative Strength Index (RSI) remains below 50 on average, the upward trajectory may be delayed as the bull market aligns itself. The Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) are in negative territory, reinforcing this assumption.

The key levels to watch if the W bulls will restore the market are $1.183 and $1.442. Changing seller congestion levels to support levels will encourage more buy orders. The ensuing buyer momentum could send the wormhole price further north, potentially high enough to reclaim the $1.860 high.

wormhole pricewormhole price

TradingView: W/USDT 4-hour chart

On the other hand, the position of AO and MACD in negative territory shows that a bearish trend is also at work. If this group of traders dominates the market, the Wormhole price may fall below the $0.924 support. In a worst-case scenario, the downtrend could push Wormhole price down to the $0.050 low.

Meanwhile, Dogeverse, a new multi-chain Dogecoin derivative presale, is charging towards $1 million in presale as the wormhole price fills a descending wedge pattern and then resolves its next directional bias.

A promising alternative to wormholes

Dogeverse took the stage less than two weeks before International DOGE Day on April 20th and established itself as the next meme coin set to explode on the scene.

It emerges as the first meme coin to be launched on the six most used blockchains after Bitcoin and is advertised as “the world’s first chain travel doji.”

Built to run on top of the Ethereum, BNB, Polygon, Solana, Avalanche, and Base chains, this multichain project boasts multi-bridge utilities that greatly expand the power of the Doge universe.

This differentiates it from DOGE. There are already multi-chain coins, but none are as widespread and interconnected as Dogeverse intends. The token is inserting itself into a narrative that focuses minds on the expanding opportunities of meme coins spinning on multiple chains.

The Dogeverse, as he is known, has grown much larger and entered the meme coin arena with Cosmo the Doge. Dogeverse makes single-chain meme coins obsolete. Take advantage of multi-chain programs and ultra-ROI.

DOGEVERSE tokens are sold for $0.00029 each. Interested investors should buy now for the best price, as a price increase is expected in up to three days.

If we reach our $870,000 goal sooner, the first pre-sale phase could also end in less than three days. And it’s very likely that in less than a day, they’ve already bagged $323 million.

Visit Dogeverse here to purchase.

Also read:

Dogeverse – Multichain Meme Coin

Doji Bus LogoDoji Bus Logo
  • Early access presale is live now.
  • Bridge to Solana, base, BNB chain, polygon, avalanche
  • Staking Rewards – thedogeverse.com
  • Trade with low fees
  • World’s first chain travel governor – Cosmo

Doji Bus LogoDoji Bus Logo


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adminApril 9, 2024

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