- Wormhole breaks consolidation structure, confirming bullish momentum with traders projecting an upside move toward $0.15.
- Current Wormhole price at $0.1011 shows 18.04% daily gain and 24.46% growth in seven days.
- Analysts see potential targets between $0.15 and $0.35 as long as price sustains above breakout support.
Wormhole (W) has confirmed a bullish breakout from prolonged consolidation, strengthening buyer momentum and drawing analyst attention toward higher price targets. The renewed trend signals a structural shift that could support continued upside if the breakout zone holds.
Breakout Confirmation and Technical Structure
Analyst CryptoBull_360 (@CryptoBull_360) shared a bullish outlook for Wormhole after the token broke through its consolidation phase. For months, the price had been trapped in a contracting structure, testing resistance while defending horizontal support. This setup gradually built pressure, and buyers finally forced a breakout to the upside.
The breakout was confirmed as W moved above a descending resistance line, supported by trading volume that validated the move. The $0.06–$0.08 range, which previously attracted strong liquidity, now serves as the accumulation base. Sustaining action above this region reduces downside pressure and gives credibility to the upward trend.
Chart projections suggest a potential move toward $0.15, representing nearly 97% growth from breakout levels. This target aligns with prior liquidity zones, making it a logical area where traders may focus in the coming sessions.
Price Action and Market Momentum
At the time of writing, Wormhole trades at $0.1011, reflecting an 18.04% gain in 24 hours and a 24.46% increase over the past week. The trading volume increased to 162.2 million which was a sign that the market is being actively traded and people are believing in the purchasing.
The tightening structure that was witnessed prior to the breakout supports the bullish argument with every low coming higher than the one before it. This steady accumulation suggested that sellers were gradually losing control. When resistance finally gave way, buyers had the strength to sustain momentum.
The immediate support level is now the $0.09 support. Analysts emphasize that to continue with the bullish trend it is necessary to preserve this threshold. A confirmed retest could provide further validation for the move toward higher targets.
Analyst Targets and Market Outlook
While CryptoBull_360 projects $0.15 as the next technical target, additional perspectives suggest broader upside potential. Bob Holthaus commented that long-term holders are targeting $0.35 as a key level. This extended target aligns with higher time-frame outlooks, though it requires continued market strength.
The breakout also introduces dynamics that could accelerate gains. Traders re-entering after consolidation and short-sellers covering positions near resistance can add to upward pressure. These combined forces often fuel rallies following confirmed breakouts.
