Main meals
Wormhole tried and failed to violate its highest level on Friday and sank towards the support zone of $ 0.08. Especially since Bitcoin decreased to less than $ 110,000 in Mark and hinted at Habboudia’s dominance.
Worm (W) has seen increasing fluctuations in the past 24 hours. On Friday, August 29, W increased by 33.2 % in just four hours – from the lowest level per day at $ 0.079 to $ 0.106. Since then, with Bitcoin (BTC) drop to less than $ 110,000, Wormhole threw an important part of its recent gains.
Weekly
Source: W/USDT on TradingView
White weekly oscillation points were marked at $ 0.104 and $ 0.054. Since April, Wormhole has made a new decrease, which means that the weekly market structure has been declining. The daily graph showed that W formed a (purple) group between $ 0.071 and $ 0.098.
Looking at the underlying weekly structure, monotheism in recent weeks may not be an encouraging factor. Bitcoin weakness means that the worm bulls were also struggling. CMF was at -0.23, at the time of writing this report.
This is the most highly high capital flows outside the market. Moreover, the medium -range resistance has rejected at $ 0.085 to upwards over the past 48 hours. This period witnessed high fluctuations, as the price of the distinguished code of Worm was 0.1058 dollars before it decreased by 23.6 % in less than 24 hours.
The wonderful oscillator confirmed the weak momentum. In addition to bull problems, the RAM is rising towards the excessive peak area. A declining intersection there would indicate another less step for W.
Source: W/USDT on TradingView
Finally, on the two -hour graph, Altcoin seemed to quickly approach the main support area. The mass of upward requests was highlighted at $ 0.08, formed the base from which the price rose to its highest levels two days ago.
Technical indicators have not shown much hope for recovery. While the random relativity index seemed to give a bullish sign, the CMF suggested that the sale pressure was rampant. A terrible oscillator, signs of poor pressure as well.
Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer
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2025-08-30 07:00:00
