WELL Token Smashes Resistance as Moonwell’s DeFi TVL Surges—Just in Time for the Next Crypto Casino Spin
Moonwell’s WELL token isn’t just climbing—it’s bulldozing through key price levels like a memecoin on stimulants. Meanwhile, the protocol’s DeFi assets are ballooning faster than a trader’s ego after a lucky leverage play.
The breakout no one’s talking about (yet)
While ’serious’ investors obsess over Bitcoin ETFs, WELL’s silent rally exposes the dirty secret of DeFi summer 2.0: the real action’s still in the trenches. The token’s price surge coincides with Moonwell’s TVL spike—because nothing fuels a crypto pump like locked-up assets pretending to be productive.
A hedgie’s nightmare
This isn’t your grandfather’s slow-and-steady finance. WELL’s move proves DeFi still operates on ’number go up’ physics—where fundamentals are optional but green candles are mandatory. TradFi analysts watching from the sidelines can keep their discounted cash flow models; we’ll take the 50% overnight pop.
As Moonwell’s ecosystem expands, one question lingers: is this sustainable growth or just another liquidity mirage? Either way, grab popcorn—the WELL show’s just getting started.
WELL price technical analysis
The daily chart shows that the Moonwell token bottomed at $0.01510 in April and then gradually bounced back as the crypto market recovered. It has moved above the 50-day moving average and is now at the 23.6% Fibonacci retracement level at $0.038.
It also moved above the crucial resistance level at $0.037, the previous highest point this month.
However, the Average Directional Index has pointed downward, a sign that the rally may not be very strong. Also, the coin is slowly forming a rising wedge pattern, a popular bearish reversal pattern.
Therefore, there is a risk that the ongoing rally will reverse, which may cause it to fall below $0.030. A move above the upper side of the wedge pattern WOULD confirm the bullish trend and point to more gains, possibly to the 50% Fibonacci retracement level at $0.065.
