The WazirX token (WRX) experienced a significant rally, reaching its highest level since March 14 and jumping 255% above its lowest point this year. This surge comes after the developers provided updates on ongoing legal issues and asset rebalancing following a hack in July. The developer applied with the Singapore High Court for a scheme meeting, which will enable distributions to be made to creditors within ten working days if approved. The price increase was also influenced by the rebalancing of tokens in the exchange, which is an important step towards final allocations to cold wallets. The WRX token has seen a strong comeback, rising over 260% from its lowest point this year, and it has formed a golden cross pattern. If the price continues to rise, it could reach the upper side of a cup and handle pattern at $0.3947, but a drop below $0.20 would invalidate the bullish view.



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