- Bullish divergence detected across multiple timeframes for $W.
- Recent 54.3% surge in $W trading volume signals growing interest.
- Potential upward trend hinges on breaking key resistance levels.
Michaël van de Poppe Flags Major Bullish Divergence
Renowned crypto analyst Michaël van de Poppe has stirred excitement in the altcoin market with his latest tweet on October 13, 2025, highlighting a “massive bullish divergence” for several altcoins, including $W (Wormhole). Accompanied by a detailed chart, van de Poppe suggests that a bottoming procedure is underway, with bullish divergences visible across weekly, 3-day, and daily timeframes. This comes at a time when the crypto market has been volatile, with $W experiencing a 33% price drop over the past week, according to recent data. However, the analyst’s optimism hinges on the formation of a significant base, potentially setting the stage for an upward trend.
Surge in Trading Volume Strengthens Setup
The chart, created with TradingView, showcases a descending trendline breached by recent price action, a classic sign of a potential reversal. Van de Poppe’s focus on $W aligns with its recent surge in trading volume, up 54.3% in the last 24 hours, indicating renewed market interest.
While some community members remain skeptical—citing past losses or questioning the sustainability of altcoin rallies—others echo his sentiment, pointing to the large base as a precursor to a substantial move. This divergence, where price declines contrast with strengthening technical indicators, often signals that selling pressure is waning.
Awaiting Confirmation of Bullish Breakout
For traders, this could be a strategic entry point, especially if broader market sentiment shifts positively. However, caution is advised given the mixed reactions and the asset’s underperformance compared to the global crypto market. The crypto community awaits confirmation of this trend. Van de Poppe’s track record lends credibility, but the market’s next moves will depend on key support levels and external factors like Bitcoin’s performance.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
