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Support Level: WOO coin is exhibiting movements close to the $0.2096 support level on its daily technical chart. A buying reaction above this level could trigger a new upward trend.
Long-Term Spot Buying Zone: WOO coin whales are anticipating long-term spot purchases in the range of $0.1905 to $0.1848. This zone is considered a significant support.
Upside and Downside Scenarios: If WOO coin experiences a decline from the mentioned support, long-term spot purchases may be considered. Conversely, in the opposite scenario, the targets for upward movement are highlighted at $0.2817 and $0.35.
WOO coin has the potential for an upward movement as long as it stays above $0.2096. However, the long-term spot buying zone in the range of $0.1905 to $0.1848 stands out as a critical support. Investors should carefully monitor these levels to determine their strategies.
MEDIUM-TERM WOO ANALYSIS
Daily WOO/USD Chart
When examining the daily technical chart of WOO coin, movements near the significant support level of $0.2096 are observed. If WOO coin exhibits a strong buying response at the $0.2096 level, this could reignite the upward trend.
However, WOO coin whales continue to wait for long-term spot purchases, targeting the range between $0.1905 and $0.1848. Coinotag Analysts have identified this range as a crucial support area for considering long-term spot purchases for WOO coin.
If WOO coin experiences a decline to the specified critical support, long-term spot purchases may be considered. On the other hand, if WOO coin initiates an upward trend from the support, the initial target is $0.2817, followed by $0.35. However, if WOO coin’s weekly candle closes below $0.18, the downtrend could continue towards $0.17.
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WOO coin investors should carefully monitor the specified analysis zones to guide their investments. As long as WOO coin remains above the $0.2096 level, it may sustain its upward trend towards $0.25.
