Over the past 10 days, the token has maintained its bearish run, falling over 90%. WRX hit a critical support level at $0.0144 as of December 25, and it was left wondering whether it would bounce back.
The token is currently priced at $0.01873 as of the writing, having shown slight recovery with an increase of 53.46% in the last 24 hours but is still down by an immense 88.08% in the past week.
On December 18, Binance announced that it would delist the WRX token, which resulted in an immediate and sharp market reaction. Within just an hour of the news, WRX saw a steep 40% decline, leaving many investors stunned.
This delisting decision is another big blow to WazirX and its community, reflecting the continued hardships of the Indian crypto exchange in a volatile market.
While still trying to find its ground, it is now up to its ability to rebound. Everyone waits to see if this token will finally stabilize or if this is the first sign of more decline in the future.
Also Read: “Want to take over WazirX, help users”: CoinDCX Co-founder
