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- 1 WEMIX price prediction suggests this coin might participate in the 2024 bull run.
- 2 The WEMIX crypto increased by 50% approx in December and positive momentum is still intact.
- 3 This coin seems to be in a strong uptrend and bulls are leading the rally.
WEMIX price prediction suggests the rally might continue and new swing highs may be visible. It performed well in the last two months and has hit a year-till-date high.
The steep rally in WEMIX crypto displayed the strength of the bulls. The up move looks reliable and powerful so the probability of sustaining the recent gain is high.
At the end of November, this coin price broke out of the $2.0000 hurdle. It triggered positive sentiments as the price began to rise by forming higher high candles.
WEMIX coin price rallied 125% approx in just a few trading sessions and hit the swing high at $4.5267. However, the price faced minor profit booking from higher levels and retraced downward to $3.5000.
At present, price is hovering in a narrow range and showing signs of base formation. The next phase of the rally will be triggered when buyers are able to break out of the $4.5267 hurdle.
Currently, WEMIX price is trading at $3.3967 with an intraday decline of 1.38%. In the last 24 hours, the trading volume increased by 34% while the volume to market cap ratio stood at 24.97%. It suggests that the liquidity is quite high.
Will WEMIX Price Consolidate or Rise More?
WEMIX price rose by 50% in December and rewarded its existing investors. The buying volume also increased and price followed the same direction. It shows the big players had injected the money and participated in the rally.
Till the WEMIX coin price sustains above $2.5000 level, the buyers will remain active. Any short term correction may get easily absorbed near to support and probability of bounce back remains high.
The analysis suggests, this crypto may consolidate for some time but eventually it will rise upward.
WEMIX Coin Price Forming a Bearish Hammer Candle
WEMIX coin price forming a bearish hammer candle on a weekly time frame chart. It shows that the sellers are present on the higher levels and trying to restrict the further upside.
The MACD curve is also losing momentum and reversing down indicates minor correction may trigger. The RSI at 65 showed minor cool off from the overbought territory. If the price declines further, then the RSI may test the neutral zone.
Conclusion
WEMIX price prediction suggests the rally might continue in January and new highs are possible. The buyers are active near the support level so it’s better to play bullish bets and stay with the trend.
Technical Levels
- Resistance Levels: $4.5267 and $5.0000
- Support Levels: $3.0000 and $2.5070
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
