{"id":4236,"date":"2025-06-27T07:24:59","date_gmt":"2025-06-27T07:24:59","guid":{"rendered":"https:\/\/bitunikey.com\/news\/three-reasons-why-wormhole-could-be-gearing-up-for-a-major-rally\/"},"modified":"2025-06-27T07:25:02","modified_gmt":"2025-06-27T07:25:02","slug":"three-reasons-why-wormhole-could-be-gearing-up-for-a-major-rally","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/three-reasons-why-wormhole-could-be-gearing-up-for-a-major-rally\/","title":{"rendered":"Three reasons why Wormhole could be gearing up for a major rally"},"content":{"rendered":"
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Wormhole\u2019s token W is showing early signs of a bullish reversal as its ecosystem continues to gain popularity among major players.<\/p>\n

According to data from crypto.news, Wormhole (W) was exchanging hands at $0.0631, last check June 27, with a market cap of over $293 million. The token remains down more than 80% from its year-to-date high of $0.317.<\/p>\n

This dramatic drop has left nearly 96% of holders underwater, creating sustained selling pressure as investors try to reduce losses, data<\/a> from IntoTheBlock shows. Wormhole\u2019s losses also come as it faces heavy competition from other major players in the interoperability space, like Cosmos and Polkadot.<\/p>\n

Despite months of falling prices, a series of emerging catalysts could finally mark the end of Wormhole\u2019s market downturn and signal a potential bullish reversal in the coming weeks.<\/p>\n

First, Wormhole has recently partnered<\/a> with Ripple to bring multichain support to the XRP Ledger (XRPL) and Ripple\u2019s new EVM-compatible sidechain. The integration will allow both networks to interface with over 35 blockchains, significantly expanding their interoperability capabilities.<\/p>\n

This enhanced connectivity could increase cross-chain activity via Wormhole, which may, in turn, drive higher demand for the W token.<\/p>\n

<\/p>\n

Second, crypto exchange Coinbase has recently added<\/a> Wormhole to its listing roadmap. A potential listing on a top-tier platform like Coinbase often serves as a major catalyst for market interest, typically boosting liquidity, visibility, and stirring demand from investors.<\/p>\n

If confirmed, the spot listing could drive renewed hype and upward price momentum for the W token in the near term.<\/p>\n

Third, Wormhole appears to be in the process of forming a double-bottom pattern on the daily chart, a classic bullish reversal structure often observed at the end of sustained downtrends. The two lows of the pattern are forming around the $0.05 level, while the neckline resistance sits at approximately $0.117.<\/p>\n

<\/source><\/p>\n<\/picture>
W 1-day price chart \u2014 June 27 | Source: crypto.news<\/figcaption><\/figure>\n

Momentum indicators like the MACD line have crossed above its signal line, while the Relative Strength Index is trending upward, both suggesting growing bullish momentum.<\/p>\n

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W MACD and RSI chart \u2014 June 27 | Source: crypto.news<\/figcaption><\/figure>\n

If Wormhole continues along this trajectory and successfully completes the pattern, it is likely to retest the neckline by late August. A confirmed breakout above the neckline, particularly with rising volume, would validate the pattern and signal a shift in market structure.<\/p>\n

Such a breakout could open the door for a rally toward the $0.20 psychological resistance level, which would represent a gain of over 200% from current prices.<\/p>\n

However, if Wormhole fails to hold the $0.05 support, the double-bottom setup would be invalidated. A breakdown below this key psychological level, particularly if accompanied by rising sell volume, could accelerate downward pressure and push the token toward $0.04, marking a new local low.<\/p>\n

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\n Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. <\/p>\n<\/p><\/div>\n

<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

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