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Wassie (WASSIE) surged on dextools.io, reaching the $0.0000008 mark. This surge has attracted investors seeking to profit from such tokens.
The token originated from its support zone at $0.0000002893, initiating spikes that have enabled the bulls to continue recovering from their prior losses.
WASSIE Price Faces Rejection at $0.0000008 Support
As of 10:28 a.m. EST, WASSIE is trading at $0.0000005937, reflecting a 7% gain in the past 24 hours. Furthermore, its weekly performance demonstrates a surge of 81%, driving the daily trading volume to $38 million, marking a significant increase of 123%.
WASSIE has broken above its prolonged sideways movement, giving the bulls a solid footing to push the price upward in an extended spike that has lasted nearly 24 hours. However, resistance was encountered at $0.0000008, leading to the sellers’ price correction.
The price indicators also support this bullish momentum, confirming an impending bull rally. The 50 and 200 simple moving averages have experienced a bullish crossover at $0.0000002828, assisting the bulls in propelling the price higher. Furthermore, both moving averages are positioned below the price, offering additional support.
The relative strength index (RSI) has seen significant swings, trading at 65, below the overbought region of 70, and moving towards its neutral position of 50. This indicates substantial selling pressure that could push the RSI below 50.
Based on this analysis, WASSIE has the potential to sustain its bullish momentum in the coming weeks, with the bulls targeting higher levels above the $0.0000008 barrier, potentially even doubling its value.
However, traders and investors should remain vigilant, as bears have capitalized on the resistance, driving down prices. If the correction persists, it could further empower the sellers, potentially pushing prices down to the $0.0000004364 support zone, coinciding with the 50 SMA.
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You can acquire the token using Ethereum (ETH), Binance Coin (BNB), and Tether (USDT) by connecting your Web3 wallet to the token website.
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