WOJAK Skyrockets 87% to Challenge $50M Market Cap Barrier
The cryptocurrency WOJAK experienced an impressive surge of 87% in just one day, pushing its market cap towards the $50 million resistance level. The token's price climbed from a base of around $21.5 million to reach a significant milestone.
According to reports, whale wallets were responsible for most of the buying activity, accumulating large amounts of WOJAK and tightening the float. This aggressive accumulation helped absorb sell pressure at key support levels.
Despite the impressive gain, the current market cap still sits between $35 million and $40 million, leaving room for further growth or a potential retrace to the $0.000376 support zone.
Traders are watching the $50 million level closely, as a clean break with volume could open up a path towards $100 million and price discovery. However, failure to breach this level may send WOJAK drifting back down.