Wormhole surpassed the $0.03 level on October 12 before dropping to approximately $0.02164, representing a 32% decline from its intraday high of $0.03175. Trading volume reached about 374.8 million W tokens, but the pullback from that peak shows the surge above $0.03 failed to hold. The $0.02 area is now the immediate level to watch for short-term traders, with approximately $104.26 million in unsettled W contracts on futures markets. Without a recovery above $0.0233, the next support levels lie between $0.0170 and $0.0185.
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