- The Woo Network crypto price has advanced by 156% in the last one year.
- The WOO crypto has high liquidity based on its market cap.
WOO Network (WOO) is a deep liquidity network created by Kronos Research, offering zero-fee trading via WOO X, DeFi bridging through WOOFi, and institutional-grade services. The WOO token is the native utility token that provides fee discounts, staking rewards, and access to new projects with cross-chain compatibility.
The Woo Network crypto market cap has advanced by 3.1% in the last 24 hours, resulting in $885.89M, and its market cap ranking is #111. This further results in a market cap value of $885.95M, and the market cap dominance of the crypto is 0.03%.
The sentiment of the Woo Network token is bullish, while the volatility of the token is very high, resulting in 10.83%. The supply inflation of the crypto is also very high, which results in 9.85%.
The current circulating supply of the Woo Network crypto is 1.841B WOO, and the total supply of the crypto is 2.23B WOO. Also, the fully diluted market cap of the crypto is $1.059B, and the on-chain market cap of the crypto is $1.423B.
The all-time high price ever achieved by the WOO token is $2.48, and the current token’s price is trading 80.9% below the same. Also, the all-time low price recorded for the crypto is $0.022424, achieved on January 3, 2021.
Also, the Total Value Locked for the crypto is $35.1M, and the staked value of the crypto is $101.63M. Furthermore, the annualized revenue for the crypto is $2.27M.
Woo Network Derivatives Analysis
The derivatives trading volume for WOO has witnessed a decline of 13.9% in the last 24 hours. It has resulted in a traded volume of $43.22M, and the open interest in the crypto has further declined by 2.2%.
The long/short ratio of the crypto is 0.9175, and the crypto has witnessed a long liquidation of $33.35K. Despite this, the short liquidation for the crypto is just $12.45K.
Total Amount Of holders Vs Active Addresses
The total number of holders for the WOO crypto has witnessed a massive surge, while the active addresses of the crypto have been consistently declining over time. It indicates increased interest but lower trading activity in crypto.
WOO Crypto Technical Analysis
The WOO crypto was trading inside a rising wedge pattern for a long time and then broke out above the pattern, leading to a surge of 60% in the trading price of the crypto.
The WOO trading price is currently taking support at the breakout levels, and if it breaks further above the most recent swing high, a further surge in crypto might be witnessed.
WOO/USD Chart by TradingView.com
The crypto’s price is currently facing resistance at the 50-day EMA, and if the price breaks above the 20-day EMA, a further surge in the price might be witnessed.
The MACD has declined below the zero level, and the MACD and the signal line are trading in a bearish crossover. The histograms are also bearish on the charts, indicating weakness in the price.
The RSI has also declined below the 50 level and is currently trading at the level of 48.19. It also indicates a weakness in the momentum of the crypto.
Summary
The Woo Network crypto has grown significantly over the past year, but recent indicators suggest a mixed outlook. While technical analysis points to potential upward movement if certain resistance levels are surpassed, declining active addresses and bearish signals like MACD and RSI raise uncertainty about its momentum.
Technical Levels:
- Support levels: $0.2500 and $0.3200
- Resistance levels: $0.5200 and $0.6900
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.