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Will Woo Network hit $ 2 in January?

 


A newly listed coin, Woo Network, has received a lot of discussion from some of the most haunted cryptocurrency traders and sites on Twitter, but does it live up to the hype?

WOO Network is a deep liquidity network connecting traders, exchanges, institutions and DeFi platforms with democratized access to world class liquidity and trade execution at lower or zero cost. WOO Token is used in the network's CeFi and DeFi products for staking and fee discounts. With a market cap of just $ 500,000, Woo has plenty of room for growth.

After Woo hit an all-time high in November, Woo corrected significantly by over 60% to form a symmetrical triangle that it could soon break out of and hit a new all-time high. However, since Woo has a low market cap, investors need to be careful as it can be very volatile and large movements can occur. Therefore, investors must adhere to stop-loss regulations in order not to get caught up in a huge sell-off. Woo's business model has great potential as Wootrade earns from the big market makers and uses this income to stimulate other flow providers (exchanges and traders) to direct orders there.

Investors expect Woo to hit $ 2 by the end of January, but what are the charts pointing to?

  • Woo has corrected after a strong rally in the past. However, price made a marked reversal in December and could soon break out of the symmetrical triangle it has formed.

  • Investors need to be patient and wait for the woo to break out as getting in early could be very risky. Also, it looks like Woo is testing the lower trendline before it breaks out.

  • Investors can set a target of $ 1.4 followed by $ 1.65D. A new all-time value could also be achieved in the coming months.

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