The WOO price is currently trading on a bull trend above the 200 EMA on the Daily timeline. The market sentiment of major cryptocurrencies is at a fragile support zone, which is being reinforced by the 20 EMA and 0.382 Fibonacci levels at the price of $0.2544 and is bolstered by the positive position of both the RSI and the Stochastic RSI.

The WOO price started to surge from $0.1000 up to $1.500 within 6 months. An attempt was made to change the trend in favor of the bears near $0.3000, pushing the price up by 43%, but it failed. As the price stands now, it has recently taken rejection from the $3.500 mark and is being watched keenly to see if it can reach the target of 22% above the price of $0.3500.

The RSI line is presently just above the median level and the 14 SMA line is resisting it, while the Stochastic RSI is hovering close to the oversold category. The bullish engulfing candle near the golden level of $0.2500 and the positive crossovers from the oscillators add to the positive outlook for the coin. In the worst-case scenario, the price is likely to have support at $0.2000, though it cannot be ruled out that it may reach as low as $0.2500. If the price manages to break the resistance of $3.500, long-term bullish expectations could be realized.

It is important to note that investments in or trading of cryptocurrencies involve a significant degree of risk. Thus, those considering such strategies should ensure to do so with a degree of caution and should never commit capital that one can't afford to lose.



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