{"id":360029,"date":"2023-12-22T20:00:08","date_gmt":"2023-12-22T14:30:08","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=360029"},"modified":"2023-12-22T16:44:39","modified_gmt":"2023-12-22T11:14:39","slug":"woo-coin-soars-79-in-last-10-days-future-predictions","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/woo-coin-soars-79-in-last-10-days-future-predictions\/","title":{"rendered":"Woo Coin soars 79% in last 10 days &#8211; Future predictions?"},"content":{"rendered":"<ul>\n<li><em>WOO has a strong bullish bias from a technical perspective.<\/em><\/li>\n<li><em>The lower timeframe consolidation zone could be an area of interest for traders.<\/em><\/li>\n<\/ul>\n<p>Woo Network [WOO] gained close to 42% on 18th and 19th December alone. The token has been on a strong uptrend in December and the bulls could continue to push prices higher after a brief pullback.<\/p>\n<p>AMBCrypto&#8217;s technical analysis of WOO Coin showed that further gains were possible. Yet, some on-chain metrics showed that selling pressure could intensify in the coming days.<\/p>\n<h4><strong>The consolidation at $36 is expected to act as support<\/strong><\/h4>\n<figure id=\"attachment_360056\" aria-describedby=\"caption-attachment-360056\" style=\"width: 1940px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-price.png\"><img decoding=\"async\" class=\"wp-image-360056 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-price.png\" alt=\"WOO bulls could re-enter the markets at this support zone\" width=\"1940\" height=\"976\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-price.png 1940w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-price-300x151.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-price-1024x515.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-price-768x386.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-price-1536x773.png 1536w\" sizes=\"(max-width: 1940px) 100vw, 1940px\" \/><\/a><figcaption id=\"caption-attachment-360056\" class=\"wp-caption-text\">Source: WOO\/USDT on TradingView<\/figcaption><\/figure>\n<p>On 15th December, WOO reached $0.3925 and retreated to find support at $0.351. This dip demarcated the $0.35-$0.37 area as a lower timeframe consolidation zone.<\/p>\n<p>A WOO revisit to this area would likely yield a bullish reaction from the price.<\/p>\n<p>The Fibonacci retracement levels plotted showed the 50% level was at $0.3513. It provided additional strength to this level as a support. Meanwhile, the $0.4267 level is also a higher timeframe level of significance.<\/p>\n<p>The RSI on the 12-hour chart was at 61 and showed bulls had strength despite the pullback. The OBV did not see a notable plunge either, showing that selling volume was minimal.<\/p>\n<h4><strong>Two metrics point toward increased selling pressure<\/strong><\/h4>\n<figure id=\"attachment_360057\" aria-describedby=\"caption-attachment-360057\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-santiment.png\"><img decoding=\"async\" class=\"wp-image-360057 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-santiment.png\" alt=\"WOO bulls could re-enter the markets at this support zone\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-santiment.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-santiment-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-santiment-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-santiment-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-santiment-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/PP-1-WOO-santiment-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-360057\" class=\"wp-caption-text\">Source: <a href=\"https:\/\/app.santiment.net\/s\/QUBmdqJQ\" target=\"_blank\" rel=\"noopener\">Santiment<\/a><\/figcaption><\/figure>\n<p>The weighted sentiment has been through the roof over the past week. This reflected heightened social media engagement amidst the strong price gains.<\/p>\n<p>However, the MVRV ratio was at a high not seen since October 2021.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">Read <a href=\"http:\/\/ambcrypto.com\/predictions\/woo-network-price-prediction\" target=\"_blank\" rel=\"noopener\">Woo Network [WOO] Price Prediction<\/a> 2023-24<\/p>\n<hr \/>\n<p>Moreover, the mean coin age has trended lower since the first week of November. In the past two weeks, it plummeted south.<\/p>\n<p>This presented the possibility that longer-term holders were offloading their WOO to realize profits. Hence, the $0.4265 support might be broken soon.<\/p>\n<p><i>Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer\u2019s opinion.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The weighted sentiment has been high, reflecting strongly positive social media engagement.<\/p>\n","protected":false},"author":57,"featured_media":360068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,41,18,66,3,23,4,20],"tags":[],"class_list":["post-360029","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-analysis","category-hide-cryptopanic","category-new-news","category-news","category-no-home","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Woo Coin soars 79% in last 10 days - Future predictions? - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Woo Network [WOO] gained close to 42% on 18 and 19 December alone. 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