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Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
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🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
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Wormhole (W) To Rise Higher? This Emerging Bullish Fractal Saying Yes!
Date: Tue, July 29, 2025 | 11:15 AM GMT The cryptocurrency market is undergoing a mild pullback after Ethereum (ETH) tested its multi-year resistance near $3,940 before slipping back to around $3,835. This retracement has weighed on several altcoins, with Wormhole (W) dipping 4% today, trimming its monthly gains to 13%. Despite today’s decline, Wormhole is showing signs of a potential bullish reversal. A fractal pattern is emerging on its daily chart, one that closely mirrors the explosive breakout structure recently seen in Ethena (ENA).
Source: Coinmarketcap Wormhole Mirrors ENA’s Breakout Setup A comparison of Wormhole and ENA’s daily charts highlights a strikingly similar price trajectory. ENA recently broke out of a textbook falling wedge, reclaimed its 100-day and 200-day moving averages, and went on to surge 90% to the upside, hitting highs near $0.70.
ENA and W Fractal Chart/Coinsprobe (Source: Tradingview) Now, Wormhole appears to be tracing the same path. The $W token has already reclaimed its 100-day moving average and is approaching a breakout from its own falling wedge’s resistance trendline, similar to ENA’s setup prior to its sharp rally. What’s Next for Wormhole? If this bullish fractal continues to play out, a confirmed breakout above the wedge and a successful reclaim of the 200-day moving average near $0.1127 could trigger a strong upside move. Such a breakout could pave the way for a rally toward $0.1470 — a potential 79% gain from current levels. However, to sustain this bullish trajectory, Wormhole must hold above its 100-day moving average. A decisive drop below this level could invalidate the bullish setup and potentially lead to further downside. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.