Date: Wed, Oct 02, 2024, 09:23 AM GMT
In todays market where many cryptocurrencies are facing significant declines, Wormhole (W) is making waves. The W token has surged 19% in the past 24 hours, driven by an exciting listing announcement from Upbit, South Korea’s largest crypto exchange.
Upbit has announced the listing of Wormhole (W), with trading pairs available in KRW, BTC, and USDT. The listing will go live in just 25 minutes from the time of writing, and this news has sparked a flurry of activity, pushing W’s price to $0.3727, a key level for the token.
Currently, Wormhole is retesting its breakout level of $0.3716. If the token closes a one-hour candle above $0.3814, it could confirm a breakout, with the next target being the $0.4571 resistance level—an additional 23% upside from the current price.
While things are looking optimistic for Wormhole, it’s essential to consider broader market factors. Geopolitical tensions and Bitcoin’s price movements could influence Wormhole’s ongoing rally. Keeping an eye on Bitcoin (BTC) could provide clues about how Wormhole will perform in the near future.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.