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WOO bulls are outperforming bears as indicators anticipate rising bullish strength
- WOO Network rose more than 5%, showing strong bullish momentum.
- WOO Network reaches $403 million market capitalization amid high demand.
- Volatility increases as the market indicates the potential for further price growth.
WOO Network (WOO) is now on a stunning upward trajectory, as its price rose from the low of $0.2195 to the 24-hour high of $0.2395, indicating a strong bullish momentum. This rally is showing no signs of slowing down as the bulls continue to dominate the market, sending the price up by a whopping 5.60% to $0.238 at the time of writing.
As the market heated up, WOO Network’s market capitalization and 24-hour trading volume increased by 5.69% and 50.29%, respectively, to $403,395,747 and $18,982,756.
This unusual rally indicates that investors are thrilled with the WOO (WOO) network and are calling for the token, driving its value even higher.
24-hour WOO/USD price chart (Source: CoinMarketCap)
The bullish trend may continue in the WOO/USD market as the Bull Bear Power Index (BBP) is advancing into the positive territory at 0.01535795. This bullish trend indicates that buyers are in control of the market and may continue to increase prices.
Chaikin Money Flow trend is in positive territory with a rating of 0.24 indicating bullish momentum.
This CMF trend confirms the bullish outlook for the WOO/USD market, indicating that demand for WOO tokens is expanding and investors are pouring money into this intriguing prospect.
WOO/USD Chart (Source: TradingView)
The bulging movement of Keltner Channel ranges on the 4-hour price chart illustrates the increasing volatility in the WOO/USD market. The upper, middle and lower bands touch at $0.24483731, $0.22964356 and 0.21447823, indicating an increase in volatility.
Bullish strength is building as price action approaches the upper band while forming green candles, supporting traders’ hopes for a long rally.
With a value of 5.03, the rate of change has recently moved into positive territory, indicating increasing buying pressure. This move indicates the possibility of a breakout of the upper band, which could lead to further price growth.
WOO/USD Chart (Source: TradingView)
To conclude, WOO Network (WOO) is going through a strong bullish wave, with increasing prices, growing market capitalization, and strong investor demand.
Disclaimer: The views, opinions and information shared in this price forecast are posted in good faith. Readers should do their research and due diligence. Any action taken by the reader is at their own risk. Coin Edition and its affiliates will not be liable for any direct or indirect damage or loss.
The WOO Bulls Outperforming Bears post appeared as indicators predicted bullish strength for the first time in a coin issuance.
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