Wanchain (WAN) Rises 7.01% as Price Tests $0.1213 Resistance in Falling Wedge Breakout Attempt
WAN Price Movement: WAN has risen 7.01% to $0.1160, testing the key resistance level of $0.1213 while forming a falling wedge pattern, indicating potential for a breakout that could shift its market trend heading into Q3.
Long-Term Performance Context: Despite the recent uptick, WAN's broader performance remains negative with a six-month decline of 43.80%, and the current price movement is occurring against a backdrop of prolonged losses, emphasizing the importance of volume and resistance levels in upcoming sessions.
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Technical Analysis for WAN
Technical Sentiment Analysis for Wanchain (WAN) As of , Wanchain (WAN) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, WAN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Wanchain (WAN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0518 | 0.0564 | 0.0615 | 0.0661 | 0.0712 | 0.0758 | 0.0809 |
| Fibonacci | 0.0564 | 0.0601 | 0.0624 | 0.0661 | 0.0698 | 0.0721 | 0.0758 |
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