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9 months ago
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ARTICLE AD BOX
- Bullish WOO price prediction for 2024 is $0.6502 to $1.1115.
- WOO Network (WOO) price might reach $2 soon.
- Bearish WOO price prediction for 2024 is $0.2118.
In this WOO Network (WOO) price prediction 2024, we will analyze the price patterns of WOO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
WOO (WOO) PRICE PREDICTION 2024 |
|
| WOO (WOO) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
WOO Network (WOO) Current Market Status
| Current Price | $0.5973 | 24 – Hour Price Change | 11.5% High |
| 24 – Hour Trading Volume | $110,669,908 |
| Market Cap | />$1,096,069,546 |
| Circulating Supply | 1,835,155,977 WOO | All – Time High | $1.78 (On Nov 15, 2021) |
| All – Time Low | $0.02212 (On Jan 04, 2021) |
What is WOO Network (WOO)?
| TICKER | WOO |
| BLOCKCHAIN | Ethereum |
| CATEGORY | ERC-20 |
| LAUNCHED ON | October 2020 |
| UTILITIES | Utility token, staking, and rewards/yields |
WOO is the native token of the WOO network, a comprehensive trading ecosystem bridging centralized finance (CeFi) and decentralized finance (DeFi). This utility token was initially launched as an ERC-20 token on the Ethereum blockchain in October 2020. Within its ecosystem, the network comprises three products. Firstly, WOO X is a centralized cryptocurrency exchange. Secondly, WOOFi, an omnichain DeFi platform, and thirdly, the liquidity pool — Wootrade.
WOO Network 24H Technicals
(Source: TradingView)WOO Network (WOO) Price Prediction 2024
WOO Network (WOO) ranks 101st on CoinGecko in terms of its market capitalization. The overview of the WOO Network price prediction for 2024 is explained below with a daily time frame.
In the above chart, WOO Network (WOO) laid out an ascending channel pattern, also known as the rising channel. It is a bullish technical formation identified by upper and lower trend lines connecting higher highs and higher lows, respectively, within an upward slope. This pattern suggests a sustained uptrend, with traders typically seeking entry near the lower trend line and aiming to sell near the upper trend line. However, caution is advised as breakouts can lead to trend reversals.
At the time of analysis, the price of WOO Network (WOO) was recorded at $0.5968. If the pattern trend continues, then the price of WOO might reach the resistance levels of $0.8455, and $3.3456. If the trend reverses, then the price of WOO may fall to the support of $0.4982, $0.3366, and $0.2104.
WOO Network (WOO) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of the WOO Network (WOO) in 2024.
From the above chart, we can analyze and identify the following as the resistance and support levels of WOO Network (WOO) for 2024.
| Resistance Level 1 | $0.2168 |
| Resistance Level 2 | $0.3413 |
| Support Level 1 | $0.1507 |
| Support Level 2 | $0.1004 |
WOO Network (WOO) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of WOO Network (WOO) are shown in the chart below.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.4195Price = $0.5954 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 72.0008 <30 = Oversold 50-70 = Neutral>70 = Overbought | Overbought |
WOO Network (WOO) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of WOO Network (WOO) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 33 | Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 57.29 <50 = Low >50 = High | High Volatility |
Comparison of WOO with BTC, ETH
Let us now compare the price movements of WOO Network (WOO) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of WOO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of WOO also increases or decreases respectively.
WOO Network (WOO) Price Prediction 2024-2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of WOO Network (WOO) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| WOO Network (WOO) Price Prediction 2025 | $3.2 | $0.91 |
| WOO Network (WOO) Price Prediction 2026 | $5 | $1.58 |
| WOO Network (WOO) Price Prediction 2027 | $7.9 | $2.2 |
| WOO Network (WOO) Price Prediction 2028 | $8.7 | $3.98 |
| WOO Network (WOO) Price Prediction 2029 | $11 | $5.45 |
| WOO Network (WOO) Price Prediction 2030 | $16 | $7.3 |
Conclusion
If WOO Network (WOO) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish WOO Network (WOO) price prediction for 2024 is $1.1115. Comparatively, the bearish WOO Network (WOO) price prediction for 2024 is $0.2118.
If there is a positive elevation in the market momentum and investors’ sentiment, then WOO Network (WOO) might hit $2. Furthermore, with future upgrades and advancements in the WOO Network ecosystem, WOO might surpass its current all-time high (ATH) of $1.78 and mark its new ATH.
FAQ
1. What is WOO Network (WOO)?
WOO is the native token of the WOO network, a comprehensive trading ecosystem bridging centralized finance (CeFi) and decentralized finance (DeFi).
2. Where can you buy WOO Network (WOO)?
Traders can trade WOO Network (WOO) on the following cryptocurrency exchanges such as Binance, OKX, Bybit, Bitget, HTX, Gate.io, BingX, MEXC, XT.COM, Deepcoin and others.
3. Will WOO Network (WOO) record a new ATH soon?
With the ongoing developments and upgrades within the WOO Network platform, WOO Network (WOO) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of WOO Network (WOO)?
WOO Network (WOO) hit its current all-time high (ATH) of $1.78 on November 15, 2021.
5. What is the lowest price of WOO Network (WOO)?
According to CoinGecko, WOO hit its all-time low (ATL) of $0.02212 on January 04, 2021.
6. Will WOO Network (WOO) hit $2?
If WOO Network (WOO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.
7. What will be the WOO Network (WOO) price by 2025?
WOO Network (WOO) price might reach $3.2 by 2025.
8. What will be the WOO Network (WOO) price by 2026?
WOO Network (WOO) price might reach $5 by 2026.
9. What will be the WOO Network (WOO) price by 2027?
WOO Network (WOO) price might reach $7.9 by 2026.
10. What will be the WOO Network (WOO) price by 2028?
WOO Network (WOO) price might reach $8.7 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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