24 September 2023 : In this article we will walk you through WOO Network price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for WOO Network, Is WOO a good investment? WOO Network support & resistance levels etc. But before diving deep into the WOO technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,054,455,966,882. The total trading volume stands at $14,806,067,335. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,587.28 level after an upward movement of 0.05%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.21 percent reaching to $1,594.65 during the previous 24 hours.
While publishing this blog, BNB traded at $210.77, following a price change of 0%within the same time frame. XRP the native coin of XRP is up by 0.08 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of WOO Network (WOO)
|WOO Resistance Levels||WOO Support Levels|
|Resistance Level 1||$0.17||Support Level 1||$0.14|
|Resistance Level 2||$0.19||Support Level 2||$0.12|
|Resistance Level 3||$0.20||Support Level 3||$0.11|
WOO has recorded a upsurge, gaining 0.12% in last 24 hours. The current value of WOO Network is hovering at $0.17 with the trading volume of $5,760,170.00 USD in the same timeframe. The overall marketcap for WOO is $292,725,957.00 USD while the coin price changes -1.4% over the week.
WOO price analysis for 24 September 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the WOO Network.
|Simple Moving Average (10)||0.16||Buy|
|Exponential Moving Average (10)||0.16||Buy|
|Simple Moving Average (20)||0.15||Buy|
|Exponential Moving Average (20)||0.15||Buy|
|Simple Moving Average (50)||0.15||Buy|
|Exponential Moving Average (50)||0.15||Buy|
The immediate resistance for WOO is found at $0.17, and a breakout from this level could leads towards the next resistance, which can be found at $0.19. On the other hand, if the bear take control and WOO price fails to break out above $0.17, it could fall back towards the crucial support at $0.14. The WOO/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term buy signal as the MACD line is moving above Signal Line Which means bulls are dominating in the market. The Relative strength index (RSI) for WOO Coin is currently hovering at 67 for 14-days average line, which means WOO is moving towards overbought zone. While WOO’s Williams %R indicator is at -26.59 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.
WOO price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for WOO Network to make a one directional move to make a good entry in the market.