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- 1 WOO crypto price decreased by -5.62% over the past seven days.
- 2 WOO crypto price is currently trading at $0.15260000 with a drop of -5.08% in the last 24 hours with a current market cap of $267.078 Million.
The WOO crypto continues to exhibit weakness on the charts, with sellers exerting significant pressure in recent trading sessions. Furthermore, the chart structure favors the bears, and the price continues to form red candles, which shows a fight between bears and bulls.
At the time of writing, the WOO crypto trades at $0.15260000 with an intraday drop of -5.62%, indicating bearishness. Buyers are making efforts to gain traction in the market, but they are only able to secure a few critical levels of support. Intraday trading volume also increased by 82.20% to $8,748,036 million. Moreover, the WOO crypto suggests further volatility in the following sessions.
The WOO crypto is trading in a downtrend on the daily charts and has underperformed in the past months. Furthermore, the technical indicators continue to signal bearishness, with no signs of a bullish reversal or bounce occurring right now.
Technical Analysis of WOO Crypto Price in 1-D Timeframe
At the time of publishing, WOO crypto (USD: WOO) is trading above the 50 and 200-day SMAs (Simple moving averages), which are supporting the price trend. However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the WOO price is expected to move downwards giving bearish views over the daily time frame chart.
The current value of RSI is 32.48 points. The 14 SMA is above the median line at 40.62 points implying that the WOO crypto is bearish.
The MACD line at -0.0158 and the signal line at -0.0106 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the WOO crypto price.
4 Hours of Technical analysis
On the 4-hour charts, the Woo token is currently under the control of the sellers, and buyers were not able to surpass neutrality. The price action indicates that sellers are persistently pushing back against the bulls, causing the gains from the top to erode.
The relative strength index (RSI) curve is near the oversold range of 30, indicating negative momentum and bearishness on the charts.
The MACD indicator also suggests a bearish signal, and both the moving averages converge, which suggests that a significant move could be seen in the upcoming sessions.
Summary
WOO (USD: WOO) technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the WOO crypto price. WOO price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.
Technical Levels
- Support Levels: S1 0.13771333, and S2 0.11466667.
- Resistance Levels: R1 0.17000667, and R2 0.19305333.
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 own research before making any financial decisions
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
