#WEMIXUSDT Technical Analysis in 3-Day Timeframe
2024-07-08
Category: gaming

Hello everyone, I’m Cryptorphic. 
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Now, let’s dive into this chart analysis:

WEMIX indicates a bullish trend within an ascending channel, with the potential for further price increases toward the $5.2 resistance level. The price has shown significant upward movements from key support levels.

In the past, WEMIX has made significant rallies respecting the supporting trendline, and right now, it is once again facing a similar situation.

Currently, WEMIX needs to break and close above the 25 EMA to confirm a bullish rally. A breakdown below the supporting trendline will be concerning for WEMIX, and it will likely test the lower support at $0.5441.

Key Observations:

~ Primary Support/Entry: $0.998 to $1.21.
~ Lower Support: $0.5441.
~ Primary Resistance: 25EMA at $1.4.
~ Long-term Target Range: $5.2.

DYOR, NFA.

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