The post Wormhole (W) Price Prediction for August 10 appeared on BitcoinEthereumNews.com.

The Wormhole price today is consolidating near $0.092 after a strong rally lifted it above the $0.09 mark for the first time since late July. The move followed a clean breakout from a descending trendline resistance and a bullish flip in multiple momentum indicators, but short-term signals now suggest a cooling phase. What’s Happening With Wormhole’s Price? Wormhole price dynamics (Source: TradingView) The 4-hour chart shows that Wormhole price action broke through the $0.085–$0.088 resistance zone, triggering a fast move to $0.095 before sellers capped gains. The Supertrend indicator has flipped bullish with the trend base near $0.082, confirming the recent shift in structure. Directional Movement Index (DMI) readings show the +DI at 41.26 and -DI at 6.29, signaling strong bullish control. However, the ADX near 41 suggests the trend is already in a strong phase, which can lead to short-term exhaustion before the next leg. Wormhole price dynamics (Source: TradingView) Bollinger Bands on the 4-hour chart have expanded sharply, indicating the start of a new volatility phase, while price is currently sitting just under the upper band at $0.095. EMA alignment remains positive, with the 20/50/100/200 EMAs stacked below current price, providing layered dynamic support between $0.085 and $0.081. Why Is The Wormhole Price Going Up Today? Wormhole price dynamics (Source: TradingView) The breakout in Wormhole price was driven by a combination of technical and order flow factors. On the trendline chart, W broke a multi-week descending channel and immediately followed with a retest-then-launch pattern, confirming bullish intent. Wormhole price dynamics (Source: TradingView) On the 30-minute timeframe, price is coiling within a symmetrical triangle after the initial spike, with RSI at 48.55 and MACD flattening, indicating consolidation before the next move. Parabolic SAR dots remain below price on the intraday chart, though they are starting to converge toward the…

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Filed under: News - @ August 10, 2025 5:21 am