Wormhole Shows Early Signs of Reversal After Sharp Correction

The Wormhole token ($W) is exhibiting early signs of a potential trend reversal after a deep correction. Technical indicators, including bullish divergences across various timeframes and increasing institutional adoption, suggest a possible bottom formation. 3-Day chart analysis reveals a decline in price from its April peak to a recent low. However, the market has stabilized near its current lows, with volume showing signs of increased activity. This stabilization suggests a potential accumulation phase, as evidenced by sideways trading alongside rising RSI and increasing volume.