- The trading price of the WOW token has lost its value by 99% from its all-time high.
- The WOWswap crypto price is not trading with any fiat currencies, which is a disadvantage for the crypto.
Wowswap is a decentralized finance (DeFi) protocol built on the Binance Smart Chain (BSC) that enables users to swap, stake, and farm various cryptocurrencies. It offers low transaction fees and high liquidity pools. Wowswap aims to provide users with efficient and secure DeFi services within the BSC ecosystem.
The WOW crypto price has been gaining value over the last few days. If we look into the previous 24 hours, the cryptocurrency’s market cap has advanced by 1.8%, resulting in $64.2K. The market cap ranking of the crypto is #2183, as per CoinMarketCap.
The trading volume of the WOWswap token has declined by 82% over the last 24 hours. This token’s traded volume is just $225, and the volume/market cap ratio is 0.35% per CoinMarketCap.
The circulating supply of the crypto is 999,987 WOW, and the max supply is 1.0M WOW. This token’s fully diluted market cap of $64.28K. The all-time high price for the crypto is $145.54, and since then, the price has lost its value by 99.9%.
The all-time low price of the crypto is $0.00121, recorded three years ago on March 15, 2021. Since then, this crypto’s price has advanced by 5200% and is currently trading at $0.06429 at the time of writing.
Moreover, the Total Value Locked for the crypto is $41.5K, and the staked value for the token is $9.9K, which is 22.24% of its market cap as per DefiLlama.
WOW Crypto Technical Analysis
The WOW token price is consistently making lower lows on charts. It has declined to certain lows and lost its value by more than 99%. The price of the crypto also has been forming lower low swings and has declined to certain lows and lost volatility.
The price of the crypto is currently trading in a very small range and the overall volume of the crypto is also very low.
WOW/USDTChart by TradingView
Due to a consistent decline in the trading price of the crypto, the technical indicators are giving a strong sell signal on the daily chart.
The price of the WOW token is trading below the crucial EMAs, such as the 20, 50, and 200-day EMAs. Furthermore, the Exponential Moving Averages have also been trading in a bearish cross for a long time.
The MACD and the signal line overlap and are trading at the zero level, indicating uncertainty in the crypto price. Also, the histogram on the MACD indicator suggests uncertainty in the trend of the crypto.
The RSI is also acting volatile and has been consistently revolving around a tight range for a long time on the daily timeframe. Following the volatile range, the 14-day SMA is also traveling with the RSI.
The following behavior of the technical indicators indicates uncertainty and bearishness in the price of the WOW token.
Summary
The WOW crypto faces a challenging outlook with a 99% loss from its all-time high. Trading volume decline and low market cap signal limited investor interest. Technical analysis reveals persistent bearish trends, including low volatility and weak indicators like MACD, RSI, and EMAs, pointing towards further uncertainty and potential downside.
Technical Levels:
- Support levels: $0.021777 and $0.02215
- Resistance levels: $0.023233 and $0.028333
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.