W (W)

There are many #Altcoins yet to breakout.

Some of them have been seeing their first breakout move already, others are waiting for it to happen.

One of them is $W.

It's been trading beneath the moving averages for a long period of time, and hasn't seen any momentum.

However, given that $SOL is waking up massively, I think that the Solana ecosystem is an ecosystem to watch.

Matter of time until there's a clear breakout above these MA's and then we could see a quick 100% return.

Why are you holding on to $W?

Very simple: There's a very strong technical indication that this is about to reverse back upwards.

As long as it holds here and it doesn't print any new lows, this is very likely going to do well in the coming period due to the massive amount of bullish divergences created here.

Aside from that, it's my bet on the $SOL ecosystem and I do think that we'll see a lot more momentum coming in from that one in the coming period.

Phenomenal bounce of $W.

It's still one of my largest holdings within the portfolio, even during the recent 30-40% correction.

It's bouncing back up swiftly as the momentum surrounding $SOL starts to strengthen.

Given the fact that there's such a strong bullish divergence on this pair, I doubt that we'll start to see more downwards momentum taking place here.

I actually would believe that it's reversing given that there's a higher low created.

Personally, I'm looking to see whether this can go to $0.025 in the coming period.