WOO BTC WOO Network Technical Analysis

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By Frans van Elst

WOO Network logo In this WOO Network technical analysis, we will examine the current price action, trading volume, key levels and indicators for WOO-BTC. WOO Network is a decentralized platform that enables the creation and exchange of non-fungible tokens (NFTs) and other unique digital assets. With its innovative features and user-friendly interface, WOO Network empowers creators and collectors to showcase and trade their digital assets in a secure and transparent environment. By leveraging blockchain technology, WOO Network provides a trustless and censorship-resistant platform for the next generation of digital ownership and trading.

WOO Network Price Overview:

As of May 10, 2024, WOO Network is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for WOO-BTC:

Navigate challenges in realm of WOO Network (WOOBTC) at 4.68e-06 BTC with technical analysis pointing to bearish outlook and potential downturns.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 55,615.60
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): WOO Network reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for WOO-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, WOO Network is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) -1.47%
3D Change (%) 0.65%
7D Change (%) -0.85%
30D Change (%) -19.31%
90D Change (%) -42.65%
YTD Change (%) -50.05%

Over the past three days, WOOBTC has risen by approximately 0.65%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -0.85%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with WOOBTC maintaining a downward trend of approximately -19.31%, despite intermittent fluctuations. Examining the last 90 days, WOOBTC has witnessed substantial drop of approximately -42.65%, reflecting strong long-term confidence. Year-to-date, WOOBTC has steadily decreased by around -50.05%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

WOO Network Live Chart:

You can access a live price chart for WOO-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.37411.
  • Momentum score is 0.00862.

WOO BTC Technical Analysis

WOO Network Trading Volume:

The trading volume for WOO Network (WOO) over the past 24 hours has been insignificant, with approximately 55,615.60 BTC traded against WOO. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): WOO is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): WOO Network is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for WOO-BTC is currently in the low zone, around 40.31061. This suggests that WOO Network is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

WOO Network (WOO-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Navigate challenges in realm of WOO Network (WOOBTC) at 4.68e-06 BTC with technical analysis pointing to bearish outlook and potential downturns.

Unlock additional insights on WOO USDT WOO Network Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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