🚀 Analysis and forecast for $WCT : is it time to exit? 📈
As of May 19, 2025, 22:45 EEST, the rate$WCT on Binance is $0.573, with a 15% increase over the last 24 hours. The trading volume for the day reached $12M, and the market capitalization rose to $106M, reflecting unusual buying activity and a positive market sentiment. Such a surge may be related to increasing interest in the project.
Technically,$WCT shows a strong bullish momentum. On the 4-hour chart, the price broke through resistance at $0.55 and settled above the 50-day moving average ($0.52), which serves as support. The 200-day SMA ($0.48) confirms the long-term upward trend. However, the RSI (14) at 72 indicates overbought conditions, signaling a possible correction. The nearest resistance is at $0.60, while support is at $0.55. A breakout above $0.60 could lead to a rise to $0.65, but a drop below $0.55 would increase pressure towards $0.50.
Forecast: in the short term (until the end of May), WCT may correct to $0.50–$0.55 due to overbought conditions, but will maintain growth potential up to $0.70 by July 2025 with volume support. Long-term target for 2026 is $1.00 if the project continues to attract attention.
Is it time to exit? The current price of $0.573 appears overvalued after a 15% increase in one day. It is recommended to secure part of the profit, especially if the target of $0.60 is near. Set a stop-loss at $0.55 to protect against correction. For long-term investors, it is advisable to hold the position while securing part of the profit at $0.65, but be prepared for a pullback. Keep an eye on volumes and news! #wct #Binance #CryptoAnalysis
