2025-12-09 16:27:46

W Technical Rebound Underway

Looks like Wormhole's holding firm around that descending channel's bottom on the 3-day timeframe. Not the prettiest setup, but consolidation at support often precedes moves.

If this bounce gains momentum, here's what traders are eyeing:
• $0.052
• $0.100
• $0.145
• $0.265
• $0.390

Recovery phase could be starting. Whether it breaks through or fakes out, that channel structure matters for the next leg.

W-2%

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Degentleman

· 12-09 16:58

W is raring to go at the bottom, just worried it might be another fake breakout.

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ChainMelonWatcher

· 12-09 16:57

It's that old descending channel trick again. Can it really break out this time? Honestly, I can't bet on it. The steps from 0.052 to 0.390 look pretty neat, but I'm just worried it's another fake breakout.

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GhostAddressMiner

· 12-09 16:55

What happened with that wave of capital shifting before reaching the bottom? How many dormant addresses are lurking behind the 0.052 level, ready to move?

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screenshot_gains

· 12-09 16:44

It's the same support level setup again, getting tired of seeing it. Let's wait and see if it breaks or if it's a fake breakout.

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HodlKumamon

· 12-09 16:34

Looking at the strength of this bottom support, the data shows there's about a 68% probability of a rebound. Bear thinks it's worth paying close attention to those resistance levels, especially the 0.145 level, which has very strong statistical significance.

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ApeWithAPlan

· 12-09 16:29

It’s the same old story about the bottom of the descending channel. We've heard this trick quite a few times already. Can it really break through this time?

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