- Woo crypto price was dumped by 12.53% yesterday.
- The 24-hour trading volume is $36.52 million which has decreased by 58%.
WOO price has witnessed a slow and steady gain for the last few months, rising by forming higher highs and higher lows. The price has been bullish for the last few weeks and reached a multi-day high recently. The WOO price has consolidated for ten days near the $0.600 hurdle, but sellers have dragged down the price by 33% in a week.
Woo Network price has been rising by defending the 200-day exponential moving average, but recently, it has slipped below the 20-day EMA. The Woo token price struggles between the 20-day and 200-day exponential moving average.
Current Price – $0.444 Price Prediction – $0.3349 (-23.44%)
Market cap – $820.72 million Fear & Greed Index – 71 (greed)
Volume – $32.88 million Green days – 13/30 (43%)
Sentiment – Neutral RSI – 45.37
Volatility – 11.95% 200-day EMA – $0.3719
Based on our technical analysis, the Woo token price is forecasted to lose 23.44% to reach $0.3349 by April 08, 2024. The fear and greed index is 71 (greed), and the volatility is 11.95%. The Woo crypto price has performed positively for 13 days in the last 30 days, indicating the sellers’ dominance.
The current market price of the Woo token is $0.444, which has risen by 1.54% in the last 24 hours. The market capitalization is $820.72 million, and the fully diluted market cap is $983 million. The circulating supply is 1,845,382,143 WOO, and the total supply is 2,230,434,667 WOO.
WOO Crypto Volume vs Price Analysis
According to the graph, the trading volume decreased from $100 million to $44 million last month which has impacted the Woo token price negatively. Recently, the trading volume was pumped by 600% but after a few hours, it was dumped gain and a bullish spike was seen. Suppose the trading volume increases then the WOO price may gain bullish momentum.
Woo Crypto Social Volume and Social Dominance Analysis
The graph of social dominance and volume displays that the awareness and interaction about the Woo token have decreased on social media for the last few weeks, leading to a negative trend. If social dominance increases, then the price may perform positively.
WOO Price Prediction: Will It Extend to $1 Mark Soon?
In a daily time frame, the Woo token price has witnessed buying momentum and trading over the 200-day EMA, but it is currently struggling between the 20-day and 200-day EMA. The WOO crypto price faces resistance from the $0.500 hurdle and has declined by 14% in the last few hours.
Suppose the trading volume decreases, and the Woo crypto price may melt to the 200-day exponential moving average in the next few hours. If the Woo token price fails to defend the 200-day EMA, investors may panic and follow the bearish trend for the next few weeks.
On the other hand, if the WOO price surpasses the 20-day EMA and sustains over the $0.500 hurdle, the price may reach the last swing high. If the trading volume is supported, it may follow the bullish trend for some time.
Conclusion
Based on the analysis, the current outlook for WOO crypto suggests a potential decrease in price to around $0.3349 by April 08, 2024. The market sentiment appears neutral with a slight inclination towards greed, and the trading volume has shown fluctuations impacting the price negatively. Social media interactions and awareness about WOO tokens have decreased, contributing to a negative trend. The price is currently facing resistance at the $0.500 hurdle and may experience a bearish trend if it fails to defend the 200-day EMA.
Technical Levels
Resistance: $0.500 7 & $0.610
Support: $0.410 & $0.330
Disclaimer
This article is for informational purposes only and provides no 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.