Will WOO Break Out Above Resistance? Technical Signals Point to Potential Bullish Trend

The cryptocurrency WOO is currently facing a pivotal moment, with its price breaking out of a descending wedge pattern. This breakout signals a potential shift towards bullish momentum, but traders are looking for confirmation from key levels. Analysts are noting that WOO’s recent move above the upper trendline suggests a transition from bearish to bullish trends. However, holding above key support at $0.1190 remains crucial for further upside. The price currently hovers around $0.1220, reflecting a 4.98% decline since early February 2025. A breakout from the descending wedge pattern signals a potential shift in momentum. Traders are watching closely as WOO’s trendline retests, which could determine the sustainability of this upward move. Technical analysis suggests that a price increase of 86.84%, or approximately $0.1104, would mean a possible jump to $0.23. If so, short-term resistance levels at $0.15 and $0.18 could act as stepping stones towards this target.