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- 1 WOW, the crypto price is currently trading at $0.0221 with a rise of 0.49% in the last 24 hours with a current market cap of $2.462 Billion.
- 2 WOW, the crypto price decreased by 0.14% over the past seven days.
The charts indicate that there has been selling pressure on the WOW crypto, resulting in a downtrend with lower lows over the past few months. The trading volume has been below average due to declining investor interest. This trend favors bears and the crypto is currently in a corrective phase making buyers cautious.
Additionally, the crypto is below significant moving averages and attempting to attain the 50-day EMA to hold gains. As of writing this, the WOW price is trading at $0.2215 with a slight intraday increase of 0.49%. It appears to have bounced back from the lower trendline near the support mark of $0.2200. The intraday trading volume is $11.07 and the market cap is $220.96M.
WOW Token crypto has had poor performance over the years, with negative returns of 0.49% year-to-date and 4.34% in the last six months. Over the last month, the crypto had negative returns of 0.34%, and in the last seven days, the negative returns were 0.14%. This indicates that there is a long bearish trend continuing until now.
Technical Analysis Of WOW Crypto Price In 1-D Time Frame
WOW is currently trading above the 50 and 200-day SMAs (simple moving averages) as of the time of publication, but these moving averages are not in support of the price trend.
The current RSI value is 49.65 points, with 14 SMA at 45.37 points, indicating that the WOW crypto is in a bearish state. The MACD line at -0.00004 and the signal line at -0.0004 are both below the zero line, but the MACD is showing a bullish crossover, which is a signal of strength for the WOW Token crypto price.
The WOW price has been trading within a narrow range on the 4-hour charts and has not shown any indication of an uptrend due to low volume levels. Additionally, a key indicator is still sitting in the neutral range, which does not signal bullishness.
On the short-term charts, the RSI curve is close to 48 in the neutral range and has shown a narrow consolidation phase. The MACD histogram shows green bars with a bullish crossover, but it has not shown any significant upswing.
Summary
The WOW Token crypto has been experiencing selling pressure, resulting in a downtrend with lower lows over the past few months. The trading volume has been below average due to declining investor interest. Currently, the crypto is in a corrective phase that favors bears, making buyers cautious. The crypto is below significant moving averages and attempting to attain the 50-day EMA to hold gains. The current RSI value and MACD line indicate that the WOW crypto is in a bearish state.
Technical Levels
Support Levels: $0.02190
Resistance Levels: $0.02220
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.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
