Wormhole (W) Jumps 27% as Spot Buying Persists, But RSI Flashes Overbought
- —W gained 27% in 24 hours, trading above the upper Bollinger Band
- —RSI hit 78.03, above the 70 overbought level
- —Spot netflow was +$226,620 on Oct 7 and about +$567,000 on Oct 8
- —Liquidation clusters sit below the current price, risking a deeper pullback
Why it matters: Spot demand supports the rally, but overbought momentum and liquidation clusters below price raise the risk of a correction.
Source: AMBCrypto