Wormhole’s price initially surged due to the Ripple partnership but faced rejection, retreating from $0.08 to $0.07. This indicates dwindling bullish momentum.
With 89% of Wormhole holders out of the money, significant selling pressure may emerge, complicating any recovery efforts.
Critical support at $0.07 is vital for maintaining bullish sentiment, while liquidity indicators will guide traders in their strategies.
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