Technical analysis by CryptoNuclear about Symbol W on 7/31/2025

🧩 Overview: Wormhole Token (WUSDT) has finally broken out of a long-standing downtrend line that has been pressing the price down since February 2025. This breakout is a significant technical development and now the price is undergoing a critical retest phase — a moment that could mark the beginning of a major bullish reversal. Price is currently consolidating around the Fibonacci 0.5–0.618 retracement zone (0.079–0.084), commonly known as the "Golden Pocket Zone" — a popular area for smart money accumulation. --- 🧠 Pattern & Structure: 📉 A long-term descending trendline was decisively broken, signaling a potential shift in market sentiment. 📦 A consolidation range is forming within a yellow support box — between 0.07909 and 0.08388, a prior resistance zone that is now being retested as support. 🔁 This is a classic breakout-retest structure, often seen before major price expansions. --- 🟢 Bullish Scenario (Reversal Potential): If the price holds above the 0.079–0.084 support range, it sets the stage for a potential bullish continuation. Key upside targets include: 🔹 0.10880 – Previous distribution zone. 🔹 0.13000 – Psychological and structural resistance. 🔹 0.15909 – March resistance. 🔹 0.18824 – Measured move target from breakout. 🔹 0.23000–0.29000 – Expansion zone if momentum sustains. A strong bullish candle closing above 0.09000 with increasing volume would strengthen this outlook. --- 🔴 Bearish Scenario (Failed Retest): If the Golden Pocket fails to hold: Price may retrace to lower supports: 🔻 0.07500 – Minor support zone. 🔻 0.06300 – Key support from June. 🔻 0.05110 – Yearly low and last line of defense. A breakdown below this level would revalidate the bearish trend. Traders should be cautious if daily closes fall below the yellow zone with high selling volume. --- 💡 Conclusion & Strategy: WUSDT is currently at a critical technical juncture. A confirmed breakout has occurred, but the retest phase is what will validate the strength of this move. 🎯 Swing traders may look for entries within the 0.079–0.084 range with invalidation below 0.075. 📉 Short-sellers might wait for a confirmed breakdown below this support with volume confirmation. Momentum is building — the next move could define the mid-term trend. --- 📊 Chart Highlights: ✅ Downtrend Breakout: Confirmed ✅ Retesting Key Fibonacci Zone (0.5–0.618) ✅ Former Resistance → Becoming Support 🚨 Crucial Bullish-Bearish Decision Zone #WUSDT #WUSDTAnalysis #WormholeToken #CryptoBreakout #GoldenPocket #PriceAction #FibonacciLevels #AltcoinReversal #TechnicalAnalysis