$WCT
Technical Indicators
Current technical indicators reflect a bullish outlook:
Moving Averages: All major short- and long-term moving averages indicate a Buy.
Momentum Indicators: MACD and RSI suggest continued upward momentum, although the Stochastic RSI is approaching overbought levels.
Market Sentiment
Sentiment remains positive, driven by recent buying activity and broader market optimism. However, emerging reports suggest caution due to the following:
Token Dilution: WCT recently issued 25 million new tokens at a ~80% discount, raising dilution concerns.
Speculative Activity: Retail-driven promotions have raised red flags about potential pump-and-dump behavior.
