WAN +78.43% in 24 Hours Amid Short-Term Volatility

On SEP 2 2025, WAN rose by 78.43% within 24 hours to reach $0.1042, while experiencing a 611.87% decline over seven days, a 67.63% drop over one month, and a staggering 5194.02% fall over one year.

The sudden 24-hour surge marks an anomalous upward movement in a market that has seen extreme downward momentum over the past several weeks. This rapid price fluctuation reflects a pattern of short-term volatility that has characterized WAN’s price behavior in recent sessions. Traders and analysts have noted that the spike was not accompanied by a significant increase in volume, suggesting it may have been triggered by algorithmic trading activity or high-frequency strategies rather than sustained demand. The absence of clear on-chain signals such as large wallet movements or exchange inflows further supports this view.

Technical indicators paint a mixed picture. While the 24-hour rally brought WAN closer to certain key resistance levels, longer-term indicators such as the 50-day and 200-day moving averages remain bearish, reinforcing the broader downtrend. The RSI, however, is currently in overbought territory, which could signal an imminent correction if bearish pressures resume. Analysts project that the coming days will provide critical signals on whether this bounce is a short-lived reversal or the start of a broader rebound.

The 7-day and one-month declines, by contrast, underscore a persistent bearish trend. These metrics suggest a deeper structural issue affecting WAN, potentially linked to broader market sentiment or token-specific fundamentals not reflected in the immediate price action.

Backtest Hypothesis

A backtesting strategy was designed to simulate a trading approach based on the volatility and technical behavior observed in WAN’s recent performance. The strategy involves entering long positions when WAN breaks above its 10-day moving average with a volume increase of at least 50%, and exiting when it falls below the same level or when the RSI enters overbought territory. Short positions are triggered when WAN breaks below its 20-day moving average, paired with a volume drop of 30% or more.

This strategy is intended to capitalize on the short-term volatility while managing exposure to the longer-term bearish trend. The 10-day and 20-day moving average crossover system is a classic momentum filter, commonly used to identify potential reversals in highly volatile assets. The inclusion of volume thresholds adds a behavioral layer, aiming to confirm the strength of price movements and avoid false signals.

The RSI-based exit mechanism ensures positions are closed before potential pullbacks, aligning with the observed overbought conditions. If applied retroactively to WAN’s recent performance, the strategy would have entered a long position during the 24-hour spike and exited shortly thereafter, capturing the short-term gain without being exposed to the subsequent 7-day decline.