Deep Dive
1. Coinbase Listing (Bullish Impact)
Overview: Coinbase announced WMTX spot trading on Nov 24, with prices rising from $0.096 to $0.102 post-announcement (Yahoo Finance). Though listings no longer trigger parabolic rallies, they validate projects during bear markets.
What this means: The exchange’s 110M+ user base improves liquidity and institutional visibility. WMTX’s DePIN use case (decentralized telecom infrastructure) aligns with Coinbase’s focus on real-world blockchain utilities.
What to look out for: Sustained trading volume post-listing – current 24h turnover is 16.9%, signaling healthy liquidity.
2. DePIN Sector Tailwinds (Mixed Impact)
Overview: Decentralized Physical Infrastructure Networks (DePIN) could be a $3.5T market by 2028 (World Economic Forum). WMTX powers World Mobile Chain, which connects 2M+ daily users via 60K+ AirNodes.
What this means: Investors increasingly favor tokens bridging digital/physical infrastructure. However, WMTX’s large circulating supply (794M) mutes volatility – its 24h move (+5.3%) trailed smaller-cap DePIN peers.
Key metric: Monitor partnerships – recent deals with PwC and Protelindo (stratospheric 5G aircraft) could drive adoption.
3. Technical Breakout (Bullish Near-Term)
Overview: WMTX reclaimed its 7-day SMA ($0.093) and 30-day SMA ($0.101), with RSI(14) at 55.3 – neutral but rising from oversold levels. MACD histogram turned positive (+0.0028), signaling momentum shift.
What this means: The $0.112 close above the 38.2% Fibonacci retracement ($0.113) suggests bullish sentiment. However, the 200-day SMA ($0.164) looms 46% above current prices as resistance.
Key level: A sustained break above $0.121 (23.6% Fib) could target $0.135 (Nov 2025 high).
Conclusion
WMTX’s rally reflects a blend of exchange-driven liquidity, sector momentum, and technical buying. While the Coinbase listing provides near-term credibility, long-term upside depends on user growth in its decentralized telecom network.
Key watch: Can WMTX hold above $0.106 (50% Fib) if Bitcoin dominance (58.75%) continues squeezing altcoins?