WOO Network Price Analysis: Will WOO maintain above $0.14


  • WOO Network has a medium term resistance at $0.19.
  • WOO’s intraday volume stands at $43,921,194.00.
  • WOO price flashes signs of bearishness on 7-days price chart.
  • WOO gained approximately 12.48% within the last 24 hours.

25 April 2024 : 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.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,378,594,162,137. The total trading volume stands at $85,032,876,009. Bitcoin shares 53.4 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $64,518.56 level after a decline of -0.82%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -1.26 percent reaching to $3,150.18 during the previous 24 hours.
While publishing this blog, BNB traded at $612.92, following a price change of 1.46% within the same time frame. SOL the native coin of Solana is down by -3.86 and currently trading at $147.63. 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.

WOO Network Support and Resistance

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 Network Performance

WOO has recorded a upsurge, gaining 12.48% in last 24 hours. The current value of WOO Network is hovering at $0.44 with the trading volume of $43,921,194.00 USD in the same timeframe. The overall marketcap for WOO is $789,342,421.00 USD while the coin price changes -0.36% over the week.

WOO Network Price Analysis

WOO price analysis for 25 April 2024 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.

Moving Averages Price Indicator
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 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.

Conclusions

From the technical analysis, the overall trend of the WOO Network is still bearish; however, the price action might shows an attempt a bullish reversal with its bullish engulfing candle pattern. Therefore, if WOO manages to stay above $0.14, it can provide an excellent long opportunity for WOO communnity.