$WCT WCT’s Relative Strength Index (RSI) also declined from the overbought zone to the neutral value of 50 at the time of writing.

Yesterday, the RSI ventured up to the value of 90, deep in the overbought territory. However, the RSI’s performance since then indicates that many traders may have decided to take profits, rather than continue buying or waiting to see whether the price can continue pushing forward.

Those who made their decisions based on the RSI performance saw a perfect opportunity to cash out before the correction kicks off, and they took it, which will likely lead to a price drop in the hours to come.