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Wirex Token (WXTUSD) Price Trades above the Resistance Trend Levels

Johnathon Fox
04/10/2024 | UPDATED ON: 04/10/2024

Wirex Token (WXTUSD) Price Forecast: April 10
Wirex Token is witnessing a remarkable revival amidst a market surge. The coin price now trades above the resistance levels as it soars past the $0.00765 level. In case the bulls’ pressure breaks up the resistance level of $0.00814, the coin price may increase further to a $0.0100 high trend line which indeed will be a turnaround for the coin holders.

Key Levels:
Resistance Levels: $0.00600, $0.00700, $0.00800
Support Levels: $0.00400, $0.00300, $0.00200

WXT (USD) Long-term Trend: Bullish (Daily Chart)
The long-term market value of Wirex Token currently trades above the resistance trend levels. This is a result of the high buying impact on the crypto.
Wirex Token (WXTUSD) Price Trades above the Resistance Trend Levels
During yesterday’s session, the pair reached and held the $0.00774 supply level. This has made it possible for the coin to remain and trade above the resistance levels in its recent high.

Today’s daily bullish candle at the $0.00811 supply value above the resistance levels confirms the bulls’ dominance in the market. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.

Hence, staying above the resistance trend lines indicates a strong possibility for a bullish correction. If additional power is added to the buying forces, the bulls could hit the $0.00814 previous high soon, increasing the buying interest of the traders.

Notably, the WXTUSD price may continue to trade above the resistance level as shown by the daily signal pointing upwards. As a result, the next price target may be the $0.0100 upper high level in the days ahead in a higher time frame.

WXT (USD) Medium-term Trend: Bullish (4H Chart)
The medium-term time frame market shows that the price of Wirex Token also trades above the resistance levels.
Wirex Token (WXTUSD) Price Trades above the Resistance Trend Levels
The coin price can be seen progressing upward above the moving averages. This shows that buyers are currently gaining more strength in the market.

The bulls have sustained the WXTUSD market at the $0.00774 supply value in the previous action, this has made it possible for the coin to stay above the resistance trend line and remain stronger lately.

Today, an additional buying pressure pushed the coin price above the critical level from the $0.00801 value to the $0.00802 resistance level above the moving averages. This will however give the buy traders the tendency to further ladder up the trend.

Notably, there is a possibility of a further increase in the price of Wiren Token as indicated by the daily signal which remains in an uptrend.

Thus, if the buy traders should increase their price actions and all the current support level holds, a psychological key level at the $0.0100 supply level might be reached soon as the coin price trades above the resistance levels in its medium-term time frame.

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
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