WOO Network (WOO) has experienced a massive price spike, with the token hitting a year high $0.34 earlier in the week. During this period, WOO has pumped by 50%, making it the highest gainer among the top 100 coins based on market cap.
This rally has unsurprisingly sparked excitement and discussion within the crypto community about the future price of the token. The question on everyone’s lips is whether WOO’s recent rally will continue or is a price correction imminent.
WOO Network (WOO) Currently On A Massive Bull Run
WOO Network has witnessed a price surge in the past 24 hours, with Coinmarkecap reporting a price of $0.3172 per token. This represents a 3% increase in value during that period.
Over the past seven days, WOO has experienced growth, with a 53% rally in price. The market capitalization and trading volume have also experienced significant rally, up by 23.1% and 90.20%, respectively, reaching $549,520,609 and $112,479,056. This indicates high demand and active trading of the WOO token, boosting its overall value and liquidity.
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If the positive momentum continues and the $0.28 resistance is breached, the next resistance level could be around $0.34, potentially leading to further buying pressure and an upward trend for the WOO token. However, a failure to break the resistance at $0.28 decisively could result in a correction, and the token may test support levels at $0.2350 or even $0.2200 if bearish sentiment prevails.
WOO Price Chart Analysis Shows Increased Volatility
On the WOOUSD 4-hour price chart, according to
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Author: Olowoporoku Adeniyi
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