Wormhole (W) To Rise Higher? This Emerging Bullish Fractal Saying Yes!

Date: Tue, July 29, 2025 | 11:15 AM GMT The cryptocurrency market is undergoing a mild pullback after Ethereum (ETH) tested its multi-year resistance near $3,940 before slipping back to around $3,835. This retracement has weighed on several altcoins, with Wormhole (W) dipping 4% today, trimming its monthly gains to 13%. Despite today’s decline, Wormhole is showing signs of a potential bullish reversal. A fractal pattern is emerging on its daily chart, one that closely mirrors the explosive breakout structure recently seen in Ethena (ENA).

Source: Coinmarketcap Wormhole Mirrors ENA’s Breakout Setup A comparison of Wormhole and ENA’s daily charts highlights a strikingly similar price trajectory. ENA recently broke out of a textbook falling wedge, reclaimed its 100-day and 200-day moving averages, and went on to surge 90% to the upside, hitting highs near $0.70.

ENA and W Fractal Chart/Coinsprobe (Source: Tradingview) Now, Wormhole appears to be tracing the same path. The $W token has already reclaimed its 100-day moving average and is approaching a breakout from its own falling wedge’s resistance trendline, similar to ENA’s setup prior to its sharp rally. What’s Next for Wormhole? If this bullish fractal continues to play out, a confirmed breakout above the wedge and a successful reclaim of the 200-day moving average near $0.1127 could trigger a strong upside move. Such a breakout could pave the way for a rally toward $0.1470 — a potential 79% gain from current levels. However, to sustain this bullish trajectory, Wormhole must hold above its 100-day moving average. A decisive drop below this level could invalidate the bullish setup and potentially lead to further downside. Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.