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 Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 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 | 0.0514 | 0.0562 | 0.0611 | 0.0659 | 0.0708 | 0.0756 | 0.0805 |
| Fibonacci | 0.0562 | 0.0599 | 0.0622 | 0.0659 | 0.0696 | 0.0719 | 0.0756 |
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