币界网报道：Leading US Cryptocurrency exchange Coinbase confirmed in a statement on Tuesday that it will list Wormhole [W] as an SPL token on the Solana [SOL] network. Listing on such a reputable, high-volume exchange could give a relatively small $333 million market cap token like W a short-term bullish boost, but that’s about it. A week ago, Wormhole entered into a strategic partnership with Ripple. The aim is to integrate multi-chain interoperability with the XRP Ledger and its EVM-compatible sidechains. The news was announced on June 26, and the price rose 12% on the day. However, the long-term trend has not completely turned bullish. In fact, data from IntoTheBlock shows that 89% of holders are at a loss. This is worrying news as any attempt to recover the price will be met with profit-taking activity or holders trying to exit at breakeven points. It may be difficult for bulls to build momentum against these persistent sellers. Wormhole structural breakout or liquidity hunting? On June 28, the price of W briefly broke through the $0.08 level. This resistance level (orange) is the previous local high in June. After this candlestick wick broke through the resistance level, W dropped to lower levels to fill the reasonable value gap in the $0.07 area (white box). Volume indicators show that the market structure breakout is real and not liquidity hunting. CMF is +0.09, and readings above +0.05 reflect a large amount of capital flowing into the Wormhole market. OBV has also been trending upwards over the past ten days. In support of the bullish view, MFI climbed above 50 and rose to 64 - a sign of increasing buying pressure and upward momentum. Therefore, traders can use the pullbacks of the past four days to buy more Wormhole tokens. A break below the $0.068 level would mean a failed breakout. Swing traders can use the $0.065 to $0.068 area to set stops and target the $0.08 and $0.091 resistance levels to take profits. Disclaimer: The information provided does not constitute financial, investment, trading or other type of advice and is solely the opinion of the author