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The LandWolf price has skyrocketed by 26% in the last 24 hours to trade at $0.0165 as of 3:25 a.m. EST on a 29% surge in trading volume to $14.85 million.
WOLF Price Analysis: Can the Bulls Sustain the Momentum?
The price of WOLF has been trending upwards, maintaining a stable range with strong support around $0.002087. This support has bolstered bullish sentiment, enabling buyers to push towards the all-time high resistance level of $0.02246.
Currently, the price is consolidating, with bulls using the $0.01262 support level as a foundation to potentially drive it higher. The recent rebound from this support zone suggests that bulls are gearing up to push the price to new highs.
WOLFUSD Analysis (Source: Dextools.io)
Currently, WOLF is trading slightly below the 50-day simple moving average (SMA) but remains above the 200-day SMA. This setup supports its upward momentum and reinforces bullish sentiment in the market. A break above the 50-day SMA would indicate increased buying interest, potentially further bolstering the uptrend.
LandWolf Price May Surge On Bullish Technicals
The MACD is showing bullish signals, suggesting potential for further upward movement. The blue average line is currently crossing above the orange signal line above the neutral level. Although the histogram bars remain red, their decrease indicates weakening bearish pressure.
The RSI has rebounded and is trading just above the midpoint of 50, even after a minor correction. This suggests that bulls might be able to drive the price higher into the overbought zone. Breaking and maintaining this level could increase investor confidence and attract more buyers, potentially pushing the price to new highs.
If WOLF continues its upward trend, it could rally past its previous high of $0.02246, potentially targeting a new peak around $0.03045.
Conversely, failing to break through this critical resistance level could lead to increased selling pressure. In such a scenario, keeping a close watch on the $0.009363 support level would be crucial.
WienerAI Nears $7 Million Presale Goal
As WOLF price bulls prepare for a potential surge towards new highs, dog-themed token WienerAI (WAI) is poised to pass $7 million in funds raised.
We've just raised $6M 🌭🚀
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— WienerAI (@WienerDogAI) June 18, 2024
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— WienerAI (@WienerDogAI) June 22, 2024
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